The preferred shares will be convertible into common stock at a conversion price of $0.40 per share. If all the preferred stock is converted, about 57.8 million shares of common shares would be issued, adding about 46% to the current common float, according to the company. The new preferred stock bears no dividend.
Home > News > Bitcoin News > Bitcoin Miner Stronghold Continues Debt Restructuring With Convertible Preferred Share Issuance