Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Everbridge (EVBG) has shared an announcement.
On July 2, 2024, a pivotal change occurred for a certain company in the financial market as it entered into agreements regarding its 0.125% Convertible Senior Notes due 2024 and 0% Convertible Senior Notes due 2026, with outstanding amounts of $63,459,000 and $300,276,000 respectively. The completion of a significant merger altered conversion rights for note holders into a cash right, while also triggering a repurchase right due to a Fundamental Change. Additionally, the company terminated capped call transactions with minimal impact on the company’s finances. Following the merger, the company’s common stock was removed from NASDAQ listing and the company requested to terminate its SEC registration, signaling a major corporate restructuring and the end of stockholders’ equity rights.
For a thorough assessment of EVBG stock, go to TipRanks’ Stock Analysis page.
