Pineapple Energy Enters Into Exchange Agreements To Swap Series A Preferred Stock And Warrants For Series C Preferred Stock, Convertible At $0.45 Per Share
Portfolio Pulse from Benzinga Newsdesk
Pineapple Energy has entered into exchange agreements to swap its Series A Preferred Stock and warrants for Series C Preferred Stock, which is convertible at $0.45 per share. This move could impact the company's stock structure and investor interest.
September 09, 2024 | 12:46 pm
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Pineapple Energy is swapping its Series A Preferred Stock and warrants for Series C Preferred Stock, convertible at $0.45 per share. This could affect the company's stock structure and investor interest.
The exchange of preferred stock and warrants for a new series of preferred stock convertible at a specific price can influence the company's stock structure and potentially affect investor sentiment. However, the direct impact on the stock price is uncertain without further details on market reaction.
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