Avid Bioservices Inc (CDMO)

[djohn]

The money the convertible "mistake" cost

63,955,784 shares have been issued or are outstanding
1,875,991 Shares are subject to issuance pursuant to Company Options granted
2,477,395 Shares are subject to or otherwise deliverable in connection with outstanding RSUs under Company Equity Plans, assuming a maximum number of
shares to be issued under such RSUs;
1,830,219 Shares are subject to or otherwise deliverable in connection with outstanding PSUs under Company Equity Plans, assuming a maximum number of --
shares to be issued under such PSUs;
91,685 Shares are reserved for future issuance under the Company ESPP;
2029 Indenture
16,180,000 Shares are reserved for issuance pursuant to the 2029 Indenture.
Total 86,411,074 Shares Outstanding
$12.72 per share


2026 Indenture
5,892.500 Shares
The initial exchange rate is 47.1403 shares of the company’s common stock per $1,000 principal amount of notes (which represents an initial exchange price of approximately $21.21 per share of the company’s common stock
Total 76,123,574 Shares would be outstanding
$14.25 per share

Difference 10,287,500 shares or a $128,593,750 mistake