Daktronics, Inc. Amends and Extends Shareholder Rights Agreement [Yahoo! Finance]
Daktronics, Inc. (DAKT)
Last daktronics, inc. earnings: 5/29 07:30 am
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Source: Yahoo! Finance
and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that its Board of Directors (the “Board”) has approved an amendment (the “Second Amendment”) to the Company's existing Shareholder Rights Agreement (the “Rights Agreement”), pursuant to which the expiration date of the Rights Agreement was extended to November 19, 2025, the exercise price was changed to $40.00, and the beneficial ownership threshold at which the rights become exercisable was changed to 15% (or 20% in the case of a passive, “13G Investor,” as defined in the Rights Agreement). As noted in the Company's press release dated November 8, 2024, the Board has determined that it is in the best interests of the Company and its common shareholders to exercise the Company's right to convert an initial $7 million in face value of the $25 million senior second lien secured promissory note (the “Convertible Note”) held by Alta Fox Capital Management,
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News
- Daktronics, Inc. to Release Second Quarter Fiscal 2025 Financial ResultsGlobeNewswire
- Daktronics, Inc. Amends and Extends Shareholder Rights AgreementGlobeNewswire
- Daktronics Announces Intention to Convert $25 Million Convertible Promissory Note into Common StockGlobeNewswire
- Why We Like The Returns At Daktronics (NASDAQ:DAKT) [Yahoo! Finance]Yahoo! Finance
- Inside The Intuit Dome, Where Basketball Meets Technology And Entertainment [Forbes]Forbes
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Earnings
- 9/4/24 - Miss
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Analyst Actions
- 9/11/24 - Singular Research
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Sec Filings
- 11/20/24 - Form 8-A12B/A
- 11/20/24 - Form 8-K
- 11/12/24 - Form SC
- DAKT's page on the SEC website