![]() These activities could increase (or reduce the size of any decrease in) the market price of Shift's Class A common stock or the notes at that time. In connection with establishing their initial hedge of the capped call transactions, the capped call counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Shift’s Class A common stock and/or purchase shares of Shift’s Class A common stock concurrently with, or shortly after, the pricing of the notes. If the initial purchasers exercise their option to purchase additional notes, Shift expects to enter into additional capped call transactions with the capped call counterparties. The capped call transactions are expected generally to reduce the potential dilution to Shift’s Class A common stock upon any conversion of notes and/or offset any potential cash payments Shift is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to cap. The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Shift’s Class A common stock that will initially underlie the notes. In connection with the pricing of the notes, Shift expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the notes and/or their affiliates or other financial institutions (the "capped call counterparties"). The interest rate, initial conversion rate and other terms of the notes are to be determined upon pricing of the offering. The notes will be convertible into cash, shares of Shift's Class A common stock, or a combination thereof, at Shift's election. The notes will be senior unsecured obligations of Shift, and interest will be payable semi-annually in arrears. Shift also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $11.25 million aggregate principal amount of the notes. (NASDAQ: SFT) today announced its intention to offer, subject to market conditions and other factors, $75,000,000 aggregate principal amount of convertible senior notes due 2026 (the "notes") in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.SAN FRANCISCO, (GLOBE NEWSWIRE) - Shift Technologies, Inc. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. Indicates a company's profitability in relation to its total assets. The rate at which the company's net income has increased to the same quarter one year ago. It indicates the company's profitability. Net income divided by revenue of the last 4 quarters. Net Income is the profit after all expenses have been deducted from the total revenue. It indicates the efficiency of using their resources to produce goods or services.Įarnings before tax and interest payments. Gross profit is the profit after subtracting the costs of making and selling its products or the costs of providing its services. Revenue is the sum of all cash flow into the company. ![]() ![]() However, the ratio is difficult to compare between industries where common amounts of debt vary. Price to Book Ratio is the Market cap divided by the Book value of the companyĪ higher ratio indicates a higher risk. Market cap divided by the revenue in the most recent year. A lower PEG could mean that a stock is undervalued.Įarnings divided by outstanding shares. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. Ratio between share price and earnings per share. ![]()
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