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Argo Corporation announces completion of distribution of Preferred Shares, Series A under its special stock dividend and conversion by the holders of its secured convertible debentures
Argo Corporation announces completion of distribution of Preferred Shares, Series A under its spe...
About this update from Argo Corporation
[{"type":"text","content":"\n\n\n\n Argo Corporation announces completion of distribution of Preferred Shares, Series A under its special stock dividend and conversion by the holders of its secured convertible debentures\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TORONTO\n \n ,\n \n Aug. 20, 2025\n \n /CNW/ - Argo Corporation (\"\n \n Argo\n \n \" or the \"\n \n Company\n \n \") (TSXV: ARGH), (OTCQX: ARGHF), a leader in next-generation transit solutions, is pleased to announce the completion of the distribution of Preferred Shares, Series A of Argo (the \"\n \n Series A Preferred Shares\n \n \") under its previously announced special stock dividend (the \"\n \n Stock Dividend\n \n \") and the conversion by the holders thereof, of all of its outstanding 12.0% secured convertible debentures previously issued via private placement (the \"\n \n Debentures\n \n \") into units of the Company (\"\n \n Units\n \n \").\n \n\n\n\n\n\n\n\n\n\n Special Stock Dividend\n \n\n\n Argo has completed the distribution of its Series A Preferred Shares under its previously announced Stock Dividend today (the \"\n \n Distribution Date\n \n \"). Pursuant to the Stock Dividend, all of the Company's holders of common shares (the \"\n \n Common Shares\n \n \") were entitled to receive one Series A Preferred Share for each Common Share held. The Common Shares started trading on a \"due-bill\" basis at the opening of trading on\n \n August 13, 2025\n \n (the \"\n \n Record Date\n \n \") and will commence trading on an \"ex-distribution\" basis (i.e., without the entitlement to receive the Stock Dividend) at the opening of markets on\n \n August 21, 2025\n \n , the first trading day following the Distribution Date. A due bill attached to each Common Share between the opening of markets on the Record Date and the close of markets on the Distribution Date (the \"\n \n Due Bill Period\n \n \"). During the Due Bill Period, any seller of Common Shares was deemed to sell and assign the right to the Stock Dividend to the purchaser of such Common Shares. Accounts for registered shareh...