Form 4: Onex Corp Converts Preferred Stock to Common Stock in Emerald Holding, Inc.

Onex Corp converted its Series A Preferred Stock in Emerald Holding, Inc. into 137,461,868 shares of Common Stock on May 2, 2024.

Summary

• On May 2, 2024, Onex Corp converted all of its outstanding Series A Preferred Stock in Emerald Holding, Inc. into Common Stock.
• The conversion resulted in Onex Corp receiving 137,461,868 shares of Common Stock.
• Following the transaction, Onex Corp's total beneficial ownership in Emerald Holding, Inc. is 184,520,200 shares of Common Stock.
• The Series A Preferred Stock was held directly by OPV Gem Aggregator LP and was convertible into Common Stock based on a conversion price.
• The filing also lists multiple entities related to Onex Corporation that may be deemed to beneficially own the Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock conversion, so the sentiment is neutral.

Industry Context

This filing reflects a change in ownership structure within Emerald Holding, Inc., a company in the events and exhibitions industry. The conversion of preferred stock to common stock simplifies the capital structure and could potentially impact the company's stock performance and governance.

Stakeholder Impact

• The conversion of preferred stock to common stock may impact shareholders by changing the ownership structure and potentially affecting the stock price.
• The conversion simplifies the capital structure of the company.

Key Dates

Keywords

Onex Corp, Emerald Holding, Inc., EEX, Series A Preferred Stock, Common Stock, Beneficial Ownership, Conversion, Form 4, SEC