Tag: Floorless convertible

A floorless convertible is a convertible instrument such as a preferred stock or debt that lacks a hard floor. A hard floor is the lowest price the preferred shares or debt can be converted into common shares.

A floorless convertible is what creates a downward spiral to a company’s stock price, making the funding toxic.

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…