Q: Wondering what the following means for an investor?
Is it a good thing? Will it dilute the common shares ? Its not going to happen I understand until February 2022. Will it have an impact on the share price?
Threshold for Mandatory Conversion of Preferred Shares and Preference Units Reached GlobeNewswire
TORONTO, April 29, 2021 (GLOBE NEWSWIRE) -- Topicus.com Inc. (the "Company") (TSXV: TOI) announced today that the threshold for the mandatory conversion of all preferred shares of the Company, and all preference units of its subsidiary Topicus.com Coöperatief U.A. (the “Coop”), has now been reached.
Is it a good thing? Will it dilute the common shares ? Its not going to happen I understand until February 2022. Will it have an impact on the share price?
Threshold for Mandatory Conversion of Preferred Shares and Preference Units Reached GlobeNewswire
TORONTO, April 29, 2021 (GLOBE NEWSWIRE) -- Topicus.com Inc. (the "Company") (TSXV: TOI) announced today that the threshold for the mandatory conversion of all preferred shares of the Company, and all preference units of its subsidiary Topicus.com Coöperatief U.A. (the “Coop”), has now been reached.