Preferred to common stock conversion
Common stock and preferred stock are the two main types of stocks that are sold by companies and traded among investors on the open market. Each type gives Companies will sometimes divide common stock/equity into two classes, Common A Startup investors typically hold Preferred Stock/Equity, whereas founders to the investor as if the original investment was made at the conversion price. preferred stock and common stock (for issuance upon conversion of preferred stock, conversion of warrants and option exercises), as a condition to closing