tiprankstipranks
SMART Global Holdings Secures $200M Strategic Investment
Company Announcements

SMART Global Holdings Secures $200M Strategic Investment

Don't Miss our Black Friday Offers:

Smart Global Holdings (SGH) has issued an announcement.

SMART Global Holdings, Inc. has inked a deal with SK Telecom Co., Ltd. to offload 200,000 convertible preferred shares at $1,000 each, totaling a massive $200 million investment. These shares carry a liquidation preference, offer a six percent annual dividend, and grant SK Telecom certain board designation rights and standstill provisions, among other stipulations. The agreement, pivotal for investors to note, also involves registration rights and outlines specific conditions under which the convertible preferred shares can morph into ordinary shares, potentially impacting the company’s ownership structure.

For an in-depth examination of SGH stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyOne new option listing and one option delisting on October 15th
Jason CarrSGH Upcoming Earnings Report: What to Expect?
TheFlyCree LED partners with IDC Componentes, Ilumiled
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App