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Coherent Corp | 6.00% Series A Mandatory Convertible Preferred Stock Due 7/1/2023 (IIVI)
Prospectus excerpt: We are offering 2,000,000 shares of our 6.00% Series A Mandatory Convertible Preferred Stock, no par value per share (the “Mandatory Convertible Preferred Stock”). Dividends on the Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by our board of directors, or an authorized committee of our board of directors, at an annual rate of 6.00% of the liquidation preference of $200.00 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock, no par value per share (the “common stock”), or in any combination of cash and shares of our common stock on January 1, April 1, July 1 and October 1 of each year, commencing on October 1, 2020 and ending on, and including, July 1, 2023. Each share of the Mandatory Convertible Preferred Stock has a liquidation preference of $200.00. Full Prospectus PDF », Secondary Prospectus PDF », COHR Page »
Series: | A | Redeemable?: | Yes | Maturity Date: | 7/1/2023 | Cumulative?: | Yes | Conversion Ratio: | 3.8760 - 4.6512 | Conversion Price: | $51.60 - $43.00 | Shares Offered: | 2,000,000 | Overallotment: | 300,000 | Liquidation Preference: | $200.00 | Original Coupon: | 6.00% | Pay Period: | Quarterly | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | CDx3 Compliance Rating: |
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Coherent develops, manufactures, and markets engineered materials, optoelectronic components and devices optical and laser subsystems and systems. Co.'s segments are: Networking, which designs, manufactures and markets optical and electro-optical components, fiber-lasers and direct diode lasers for materials processing applications, among other; Materials, which manufactures transceivers for data centers and telecom optical networks; pump lasers, optical amplifiers, wavelength selective switches and components for telecom networks; crystal materials, optics, lasers and optoelectronic modules; and Lasers, which provides lasers and optics products to industrial customers. Preferred: IIVI Open the COHR Information Page »
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