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Exact(39)
These try to arbitrage away the differences in prices of, say, two convertible securities (usually, bonds that can be converted into equity).
But while these bonds represent debt, they can be converted into equity.
About $340 million of its secured debt will be converted into equity, a Bridge spokesman said.
Recent stock dilutions brought GM's shares down to the current 7.9percentt as Isuzu debt was converted into equity.
But its 4.2 billion euros of uninsured deposits will be kept in the remaining bad bank and converted into equity.
Investors in such issues will be "bailed in" (their debt converted into equity) if the bank gets into trouble.
Similar(21)
In the next financing, the convertible notes will convert into equity (most often, preferred stock) pursuant to the conversion provision in the financing documents.
The loan (often called a convertible note) will convert into equity at the startup's next funding round on the same terms as the new investor (i.e. no discount) and will not be interest bearing.
They are issuing bail-in securities, known as cocos (contingent, convertible, capital instruments) that convert into equity once a bank's capital falls below a certain level.
Released in 2013, SAFE functions similarly to the convertible note — the instrument converts into equity upon certain events (equity financing, sale of company, etc.).
Based on the information in the filing, it is possible that that the seed round was in the form of the $1.38 million convertible note and is now converting into equity with the additional $2.1 million investment.
More suggestions(17)
converted into business
converted into policy
converted into money
transformed into equity
converted into cash
converted into shareholder
turned into equity
converted into shares
converted into funds
converted into securities
converted into eyeliner
converted into stem
converted into coke
converted into biodiesel
converted into expression
converted into integer
converted into utility
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