Form 4: Onex Entities Convert Preferred Stock to Common Stock in Emerald Holding, Inc.

Onex Private Equity Holdings LLC and related entities converted Series A Preferred Stock into common stock of Emerald Holding, Inc. on May 2, 2024.

Summary

• On May 2, 2024, Onex Private Equity Holdings LLC and affiliated entities reported the conversion of Series A Convertible Participating Preferred Stock of Emerald Holding, Inc. into common stock.
• A total of 69,718,919 shares of Series A Preferred Stock were converted into 137,461,868 shares of common stock.
• The transaction was mandatory, with all outstanding Series A Preferred Stock being converted.
• Following the transaction, Onex and related entities beneficially own a total of 184,520,200 shares of Emerald Holding, Inc. common stock through various direct and indirect holdings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock conversion. It doesn't inherently convey positive or negative sentiment, but rather reports a factual event.

Industry Context

This filing reflects changes in ownership structure, which is a common occurrence in publicly traded companies, especially those with significant private equity involvement. The conversion simplifies the capital structure of Emerald Holding, Inc.

Stakeholder Impact

• The conversion of preferred stock to common stock may have a dilutive effect on existing common shareholders.
• The simplified capital structure could be viewed positively by investors.

Key Dates

Keywords

Emerald Holding, Inc., Onex Private Equity Holdings LLC, Series A Preferred Stock, Common Stock, Conversion, Beneficial Ownership, Form 4, SEC