Oragenics, Inc. Announces Conversion of Preferred Shares and Elimination of Liquidation Preference
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Oragenics, Inc. has converted its remaining outstanding convertible Series A and Series B Preferred Shares into common stock, eliminating the liquidation preference associated with these shares.
December 16, 2024 | 1:30 pm
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Oragenics, Inc. has converted its remaining outstanding convertible Series A and Series B Preferred Shares into common stock, eliminating the liquidation preference associated with these shares.
The conversion of preferred shares into common stock simplifies the capital structure and removes the liquidation preference, which could be seen positively by investors as it reduces potential claims on assets in the event of liquidation. This action may lead to a positive short-term impact on the stock price.
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