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Sibannac CEO Exchanges Common Shares for Series D Preferred
Source: Newswire
Company FundamentalsInsider TransactionsManagement & Governance
Sibannac CEO David Mersky will exchange 31,666,667 common shares for 263,889 shares of Series D Convertible Preferred Stock. The transaction is expected to reduce the company’s common shares outstanding by about 21%; no other terms or market reaction were reported.
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