trending Market Intelligence /marketintelligence/en/news-insights/trending/8ZCq62bHSJCVXmGVkwOyog2 content esgSubNav
In This List

IEG Holdings discloses preferred share issuance

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


IEG Holdings discloses preferred share issuance

IEG Holdings Corp.on March 22 issued an aggregate of 3,071,000 series H preferred shares to currentstockholders in exchange for the receipt of an aggregate of $3.1 million, accordingto a Form 8-K filed March 28.

On June 30, and upon notice provided by the holder to the company,a holder has the right to convert, at face value per share, all or any portion oftheir series H preferred shares into common shares on the basis of two common sharesfor each preferred share.