JAKKS Pacific Announces Redemption of All Shares of Preferred Stock [Yahoo! Finance]
JAKKS Pacific, Inc. (JAKK)
Last jakks pacific, inc. earnings: 2/19 06:00 am
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Source: Yahoo! Finance
SANTA MONICA, Calif., March 12, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today announced that the Company has agreed to redeem all of its shares of Series A Senior Preferred Stock for an aggregate price of $20,000,000 cash and 571,295 of its common shares, representing a value of $15,000,000. Management Commentary “This represents another significant milestone in achieving our goal of building a financially strong company, self-sustaining from its cash flows and well positioned for the future," said Stephen Berman, JAKKS Pacific Inc.'s Chairman and CEO. "Despite significant industry volatility triggered by the COVID pandemic, we have maintained a singular focus to reenergize our business and improve our profitability. The success of our strategy gave us the ability to use our cash flow and strengthened stock position to conclude this transaction. We now refocus our energies on maximizing our 2024 opportunities and building out our 2025 product lines." The neg
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JAKK
Earnings
- 4/24/24 - Miss
JAKK
Sec Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form EFFECT
- 4/8/24 - Form 8-K
- JAKK's page on the SEC website