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

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

Oracle also sold convertible preferred stock in February, and has registered to sell equity shares.

From Barron's • Apr. 8, 2026

Among those bullish about Instacart’s prospects is PepsiCo, which agreed to buy $175 million in convertible preferred stock in a private placement.

From Seattle Times • Sep. 19, 2023

Its operating income rose to $5 million, but taking into account the company's convertible preferred stock, it had a net loss attributable to common stockholders of $7.5 million.

From Chicago Tribune • Oct. 20, 2013