HIHO: Highway Holdings sells $7.0M preferred shares to David Lazar

Key terms

Preferred shares:

A class of stock that typically gets priority over common shares for dividends and liquidation payouts, and can often convert into common shares.

Liquidation preference:

The amount preferred shareholders are paid before common shareholders if the company is wound up or sold.

Spin-off:

A transaction in which a company separates a business unit into a new independent company and distributes its shares to existing shareholders.

As-converted basis:

Calculating a holder's share of value as if their preferred shares had already been converted into common shares.

FAQ

Historical context for HIHO

Across the 12 sessions after earlier HIHO headlines, the stock closed higher 4 times and lower 8 times, with a median move of 5.8% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.

Keep researching HIHO

• What is Form 6-K?The SEC form foreign private issuers use to furnish material information they publish at home, such as earnings releases and major announcements.
• Form 8-K explainedWhat a Form 8-K is, when it is due, and what each key item number means, from 1.01 material agreements and 2.02 earnings to 4.02 restatements and 5.02 executive changes.
• HIHO financial statementsRevenue, profit, cash flow and balance sheet from Highway Holdings Limited's SEC filings.
• HIHO dividend historyDividends Highway Holdings Limited has declared, with ex-dates and payment dates.