DG Value Partners LP 3
3 · INVACARE HOLDINGS Corp · Filed Sep 13, 2023
Insider Transaction Report
Form 3
DG Value Partners LP
10% Owner
Holdings
- 186,175
Common Stock
9.00% Series A Convertible Participating Preferred Stock
→ Common Stock (1,841,988 underlying)
Footnotes (2)
- [F1]The reporting person is a private investment fund for which DG Capital Management, LLC serves as the investment manager.
- [F2]The 9.00% Series A Convertible Participating Preferred Stock (the "Convertible Preferred Stock") has no expiration date. At any time on or after the earlier to occur of November 6, 2023 (the "Free Convertibility Date") or the occurrence of certain liquidation, dissolution or mandatory redemption events, holders of shares of Convertible Preferred Stock shall have the option to convert all or a portion of their shares of Convertible Preferred Stock into shares of the Issuer's common stock at a rate equal to the then liquidation preference of the Convertible Preferred Stock divided by $1.72076211. The Convertible Preferred Stock contains automatic adjustment features to the conversion ratio including, among other things, an accruing payment-in-kind dividend feature.