According to the release, each preferred share is convertible to 1.4 shares of common stock.
Traders couldn’t get their hands on shares of Minim Inc. (Nasdaq:MINM) fast enough as they quickly pushed the price up to $5.5499/share (+118.50%) at the early session high.
Minim Inc is the creator of innovative internet access products that dependably connect people to the information they need and the people they love. The company delivers smart software-driven communications products under the Motorola brand. Its hardware products include cable modems, cable modem/routers, mobile broadband modems, wireless routers, MoCA adapters, and mesh home networking devices. Geographically, it generates nearly all of its revenue from North America.
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