The company said Wednesday that shareholders would receive one warrant for every two shares they hold, rounded down. The warrants expire two years after they are distributed, unless an early ...
Xerox Holdings Corporation (NASDAQ: XRX) ("Xerox" or the "Company") today announced that its Board of Directors has approved a pro-rata distribution of warrants to holders (collectively, the "Eligible ...
Pro rata rights or proportional rights let existing investors keep their ownership stake by investing more when a company raises funding. Pro rata rights, sometimes called proportional rights, are ...
Non-deductible IRA contributions can cause major headaches. Learn how a reverse rollover can avoid the pro-rata rule, ...
Q. Hi Dan. In your last column you wrote about “… a rather infamous provision dubbed the ‘pro-rata rule.’” One of my IRAs is non-deductible, so I need to know what that is and why it’s infamous. Can ...
On December 31, a unanimous three-judge panel of the U.S. Court of Appeals for the Fifth Circuit (the Court or the Fifth Circuit) held that the controversial $200 million Serta Simmons Bedding (SSB) ...
Among the many financial innovations that came out of the COVID era, non-pro rata uptier transactions as a liability management exercise (“LMEs”) are among the more controversial. While lawsuits ...
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