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Subscription Agreement - 6% Series G Convertible Preferred Stock -...

Dallas Texas Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock

Name: Dallas Texas Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock
Brand: US Legal Forms
Rating: 4.8 (307 reviews)

Category:

Corporations - Public - Stock Subscription Agreements

State:

Multi-State

County:

Dallas

Control #:

US-EG-9225

Format:

Instant download

Description

6% Series G Convertible Preferred Stock Subscription Agreement between ObjectSoft Corporation and Investors wherein the company shall issue and sell to the Investors preferred stock and company agrees to purchase warrant shares dated December 30, 1999.

How to fill out Dallas Texas Subscription Agreement - 6% Series G Convertible Preferred Stock - Between ObjectSoft Corp. And Investors Regarding Issuance And Sale Of Preferred Stock?

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FAQ

Convertible preferred stock provides investors with an option to participate in common stock price appreciation. Preferred shareholders receive an almost guaranteed dividend. However, dividends for preferred shareholders do not grow at the same rate as they do for common shareholders.

The conversion ratio equals the par value of the preferred stock, divided by the conversion price. It tells you how many shares of common stock an investor receives for every share of convertible preferred stock that is converted. The company sets the conversion ratio before it issues the convertible preferred stock.

What Are Convertible Preferred Shares? These shares are corporate fixed-income securities that the investor can choose to turn into a certain number of shares of the company's common stock after a predetermined time span or on a specific date.

The conversion ratio shows what price the common stock needs to be trading at for the shareholder of the preferred shares to make money on the conversion. This price, known as the conversion price, is equal to the purchase price of the preferred share, divided by the conversion ratio.

Convertible preferred stock is a type of preferred share that pays a dividend and can be converted into common stock at a fixed conversion ratio after a specified time.

A mandatory convertible is a bond issued by a company which must be converted into shares to common stock on or before a specific date. Traditional convertible bonds allow bondholders the option of converting, while in a mandatory convertible this is required.

Convertible preferred stock is a type of preferred share that pays a dividend and can be converted into common stock at a fixed conversion ratio after a specified time.

This price, known as the conversion price, is equal to the purchase price of the preferred share, divided by the conversion ratio. So for Acme, the market conversion price is $15.38 or ($100/6.5). In other words, Acme common shares need to be trading above $15.38 for investors to gain from a conversion.

A convertible preferred stock works exactly like a regular preferred stock but has an additional conversion clause. The shareholder can, if he so desires, submit the preferred stock to the issuing company and receive a predetermined number of common shares instead.

It can be calculated by dividing the annual interest or dividend payment amount by the current market price of the security and multiplying the result by 100.

Dallas Texas Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock

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