JAKKS Pacific Announces Redemption of All Preferred Stock Shares
Tuesday, 12 March 2024, 12:04
JAKKS Pacific Redemption of Preferred Shares
JAKKS Pacific has recently made a strategic decision to redeem all shares of preferred stock. This move aims to eliminate debt-related securities and dividends, ultimately impacting the company's capital structure.
Key Points:
- Debt Elimination: The redemption of preferred shares will help reduce debt burden on JAKKS Pacific.
- 5.6% Dilution: Common shares will experience a 5.6% dilution as a result of this redemption.
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