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FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT
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Security converts to common refers to the process by which convertible securities, such as convertible bonds or preferred shares, are converted into common stock.
Companies that issue convertible securities are required to file for security converts to common when these securities are converted into common stock.
To fill out security converts to common, companies must provide details about the convertible securities being converted, the number of shares being issued, and relevant financial information.
The purpose of security converts to common is to provide an option for investors to convert their securities into common stock, potentially increasing their equity stake in the company.
The information that must be reported includes the type and amount of convertible securities, the conversion price, the number of shares issued upon conversion, and any relevant financial implications.
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