UPDATE: Aurora Cannabis says 94% of holders of its C$230 million in convertible debt opt for early conversion [MarketWatch]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: MarketWatch
UPDATE: Aurora Cannabis says 94% of holders of its C$230 million in convertible debt opt for early conversion Aurora Cannabis Inc. ACB, +6.41% ACB, +2.57% said Tuesday that about 94% of the holders of its C$230 million ($174 million) of 5% unsecured convertible debt that matures in March of 2020 have elected to convert their debt into stock. The company said last week it would offer all holders of the notes the opportunity to voluntarily convert them at an amended early conversion ratio to be determined using an amended early conversion price equal to a 6% discount over the stock's five-day volume weighted average trading price on the Canadian and U.S. exchanges. The move weighed heavily on the stock as the transaction is expected to be highly dilutive. ""It's a terrible precedent to set" and "an incredibly desperate set of measures," according to Craig Behnke, equity analyst at Marijuana Business Daily's Investor Intelligence unit. The move has diluted the shares of anyone who
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News
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- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website