Wednesday, March 15, 2023 6:52:03 PM
Here, right from pages 1 and 2 of the merger agreement:
"At the effective time of the Merger:
+ each share of Company Series A Convertible Preferred Stock (other than excluded shares and dissenting shares) will be cancelled and automatically deemed for all purposes to represent the right to receive a number of shares of Buyer Class A Common Stock equal to the product of (i) the number of shares of Company Common Stock into which such share of Company Series A Convertible Preferred Stock is convertible, taking into account the effects of the Transactions in accordance with the certificate of designation applicable to such Company Convertible Preferred Stock, and (ii) the Common Exchange Ratio;
+ each share of Company Series B Convertible Preferred Stock (other than Excluded Shares and Dissenting Shares) will be cancelled and automatically deemed for all purposes to represent the right to receive a number of shares of Buyer Class A Common Stock equal to the product of (i) the number of shares of Company Common Stock into which such share of Company Series B Convertible Preferred Stock is convertible, taking into account the effects of the Transactions in accordance with the certificate of designation applicable to such Company Convertible Preferred Stock, and (ii) the Common Exchange Ratio;
+ each share of Company Series C Convertible Preferred Stock (other than excluded shares and dissenting shares) will be cancelled and automatically deemed for all purposes to represent the right to receive a number of shares of Buyer Class A Common Stock equal to the product of (i) the number of shares of Company Common Stock into which such share of Company Series C Convertible Preferred Stock is convertible, taking into account the effects of the Transactions in accordance with the certificate of designation applicable to such Company Convertible Preferred Stock, and (ii) the Common Exchange Ratio; and
+ each share of Company Series D Convertible Preferred Stock (other than excluded shares and dissenting shares) will be cancelled and automatically deemed for all purposes to represent the right to receive a number of shares of Buyer Class A Common Stock equal to the product of (i) the number of shares of Company Common Stock into which such share of Company Series D Convertible Preferred Stock is convertible, taking into account the effects of the Transactions in accordance with the certificate of designation applicable to such Company Convertible Preferred Stock, and (ii) the Common Exchange Ratio."
Here's the filing:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1832765/000121390022080651/ea170231-8k425_edifyacq.htm
The agreement states clearly in plain English that the preferred shares shall convert. I'm seriously done with the nonsense. Peace!
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