Tag: floating conversion rate

A floating conversion rate is a conversion clause that allows for the conversion price to fluctuate with the price of the underlying common stock.

A floating conversion rate lacks a hard floor or ceiling that prevents the conversion price from being above or below a certain price target.

Toxic Financing Explained

Toxic Financing Explained We have reviewed countless financing proposal and documents on behalf of our clients over the years.  It seems lately that we have had a surge in calls recently asking us to review documents that were for toxic…