In this setup, a VC puts $ 5 million into a company valued at $ 30 million, in exchange for participating preferred stock.
2.
The financiers will pay about $ 123 million for the notes, then surrender them to Learning Co . In return, they will receive convertible participating preferred stock with a principal amount of $ 150 million.
3.
In exchange for its natural gas assets, San Francisco-based Chevron got $ 285 million in cash and notes in addition to 38.6 million new shares of NGC common stock and 7.8 million shares of participating preferred stock.
4.
In exchange for its natural gas assets, San Francisco-based Chevron got $ 285 million in cash and notes in addition to 38 . 6 million new shares of NGC common stock and 7 . 8 million shares of participating preferred stock.
5.
The financiers will pay about $ 123 million for the notes, then surrender them to Learning Co . In return, they will receive convertible participating preferred stock with a principal amount of $ 150 million, as well as three seats on the company's board of directors.