Conversion rights preferred stock
securities to protect the value of the conversion right from certain of these actions. 23 structure for a VC investment is convertible preferred stock."). 29. Unlike the common share, the preferred share does not bear a voting right. The division of stock into two share classes at RWE AG had historical reasons. 3. 27 Aug 2019 The main consideration being that common stock and preferred stock do down- round provisions, mandatory conversion rights, and protective