Western Digital ($WDC) on Feb 17, 2026 converted all outstanding Series A Convertible Perpetual Preferred…
Filed with the SEC on · Summarized by InvestorsBot
Western Digital ($WDC) on Feb 17, 2026 converted all outstanding Series A Convertible Perpetual Preferred Stock (issued in private placement closing Jan 31, 2023) into common stock under its Certificate of Designations 🔁📄 #SECfiling #PreferredStock
Trigger: Mandatory Conversion invoked after $WDC’s closing price exceeded 150% of the conversion price for ≥20 trading days in a 30‑day window. Company executed conversion per Section 8.2; preferred series eliminated — potential common share dilution 📈🔁 #CorporateAction #Investing
Investors: the 8‑K references the Certificate of Designations (Exhibit 3.1 filed Feb 1, 2023). Conversion ratios and resulting share count aren’t detailed here — review the filings for cap‑table impact and dilution analysis $WDC 🧾 #SECfiling #DueDiligence