JAKKS Pacific (JAKK) Redeems All Preferred Shares
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JAKKS Pacific Announces Redemption of All Shares of Preferred Stock
March 12, 2024 6:00 AM EDTSANTA MONICA, Calif., March 12, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today announced that the Company has agreed to redeem all of its shares of Series A Senior Preferred Stock for an aggregate price of $20,000,000 cash and 571,295 of its common shares, representing a value of $15,000,000.
Management CommentaryThis represents another significant milestone in achieving our goal of building a financially strong company, self-sustaining from its cash flows and well positioned for the future," said Stephen Berman, JAKKS Pacific Inc.s Chairman and CEO. "Despite significant... More
