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C3.ai Inc | 8.250% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (AI.PRC)
Prospectus excerpt: We are offering 1,200,000 shares of our 8.250% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share, or the Series C Preferred Stock. Holders of Series C Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, March 30, 2024 at a fixed rate equal to 8.250% per annum of the $25.00 per share liquidation preference (equivalent to $2.0625 per annum per share) and (ii) from and including March 30, 2024, at a floating rate equal to three-month LIBOR plus a spread of 5.664% per annum. Dividends will be payable quarterly in arrears on the 30th day of March, June, September and December of each year, when and as declared, beginning on June 30, 2019 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series C Preferred Stock. Full Prospectus PDF », AI Page »
Series: | C | Alternate symbology: | AI-C, AI-PC, AIprC | Redeemable?: | Yes | Call Date: | 3/30/2024 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 1,200,000 | Overallotment: | 180,000 | Liquidation Preference: | $25 | Original Coupon: | 8.25% | Pay Period: | Quarterly | Pay Dates: | 30-Mar, 30-Jun, 30-Sep, 30-Dec | CDx3 Compliance Rating: |
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C3.ai is the Enterprise Artificial Intelligence (AI) application software company. Co. delivers a family of integrated products including the C3 AI Application Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, and C3 AI Applications, a portfolio of software-as-a-service enterprise AI applications. Co. has built a single, integrated solution that enables its customers to develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. Customers can deploy C3 AI applications on primary public cloud infrastructures, private cloud or hybrid environments, or directly on their servers and processors. Preferreds: AI.PRB, AI.PRC Open the AI Information Page »
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Name: |
C3.ai Inc |
Website: |
www.C3.ai |
Sector: |
Application Software |
Number of ETFs Holding AI: |
46 (see which ones) |
Total Market Value Held by ETFs: |
$409,949,896.8 |
Total Market Capitalization: |
$3,104,000,000 |
% of Market Cap. Held by ETFs: |
13.21% |
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