convertible preferred stock

American  

noun

1. preferred stock that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder's option.

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Example Sentences

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convertible preferred stock

Issuing $1.25 billion in common stock through an underwritten public offering, another $2 billion in an at-the-market offering and $3.75 billion in convertible preferred stock interests could widen the pool of shares.

From The Wall Street Journal ● Jun. 11, 2026

The financing includes $15 billion in common-equity, $15 billion in convertible preferred stock, and $10 billion to Berkshire Hathaway.

From Barron's ● Jun. 2, 2026

The Alphabet mandatory convertible preferred stock will pay a fixed dividend for three years and then convert into equity based on a predetermined formula.

From Barron's ● Jun. 1, 2026

That came after a $1.2 billion investment in the company’s convertible preferred stock led by Apollo.

From The Wall Street Journal ● Apr. 20, 2026

Ayar Third Investment, an affiliate of Saudi Arabia’s Public Investment Fund, committed $550 million worth of convertible preferred stock, “further strengthening the strategic partnership between the PIF and Lucid,” according to Lucid.

From MarketWatch ● Apr. 14, 2026