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Re: powerbattles post# 27909

Wednesday, 03/15/2023 6:52:03 PM

Wednesday, March 15, 2023 6:52:03 PM

Post# of 28548
Already did it, multiple times. I'm done with your nonsense. What is clear to anyone who reads this board, you NEVER provide backup except for small cut and pastes taken out of context and omitting other important information. A billion in revenues! What about the billion in costs? You never mentioned that important part of the equation.

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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