UnifiedOnline Inc fka UOIP

[Scruffer]

Thx. Still think COMM will buy patents. Also,

At least COMM was smart enough, (or smarter than The Carlyle Group) on this one.

Set "Convertible Preferred to $27.50". If convertible at any time, Carlyle would have twice as many shares, if not almost 3 times for their $1B lent and/or dilution.

12. SUBSEQUENT EVENTS
In addition, to fund the Acquisition, on April 4, 2019, the Company issued 1,000,000 shares of Series A Convertible Preferred Stock (the Convertible Preferred Stock) to Carlyle Partners VII S1 Holdings, L.P. (Carlyle) for an aggregate purchase price of $1.0 billion, or $1,000 per share, pursuant to the Investment Agreement between the Company and Carlyle, dated November 8, 2018.
The Convertible Preferred Stock will pay dividends at an annual rate of 5.50%, with dividends to be paid quarterly
, and will be convertible at the option of the holders at any time into shares of CommScope common stock at a price of $27.50 per share, subject to certain limits on the number of shares that may be issued unless the Company obtains shareholder approval.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1517228/000156459019017382/comm-10q_20190331.htm

We're all in this together GM.