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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Heska Corporation    HSKA

HESKA CORPORATION

(HSKA)
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HESKA CORP : Unregistered Sale of Equity Securities (form 8-K)

04/27/2020 | 04:25pm EST

Item 3.02 Unregistered Sales of Equity Securities.

On April 1, Heska Corporation, a Delaware corporation (the "Company") filed a Current Report on Form 8-K reporting the issue and sale of an aggregate of 122,000 shares of its Series X Convertible Preferred Stock, par value $0.01 per share (the "Series X Preferred Stock"), in a private offering in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). On April 14, 2020, the Company gave notice of its exercise of the right to force conversion of all outstanding shares of its Series X Preferred Stock into shares of the Company's public common stock, par value $0.01 per share (the "Common Stock"), pursuant to Section 6 of the Certificate of Designations, Preferences, Rights and Limitations of Series X Preferred Stock, dated as of March 30, 2020 (the "Forced Conversion").

On April 21, 2020, the Company completed the Forced Conversion and each share of Series X Preferred Stock was automatically converted into approximately 12.4 shares of Common Stock. The Company issued an aggregate of 1,508,964 shares of Common Stock plus cash in lieu of fractional shares in connection with the Forced Conversion.

The shares of Common Stock were issued in reliance upon an exemption from the registration requirements under Section 4(a)(2) of the Securities Act, and Rule 506 of Regulation D as promulgated by the Securities and Exchange Commission under the Securities Act, as a transaction not involving a public offering. The shares of Common Stock described in this Item 3.02 have not been registered under the Securities Act and may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

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© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 186 M - -
Net income 2020 -18,8 M - -
Net Debt 2020 - - -
P/E ratio 2020 -58,4x
Yield 2020 -
Capitalization 1 205 M 1 205 M -
Capi. / Sales 2020 6,48x
Capi. / Sales 2021 5,47x
Nbr of Employees 386
Free-Float 93,8%
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Technical analysis trends HESKA CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 139,25 $
Last Close Price 127,49 $
Spread / Highest target 31,0%
Spread / Average Target 9,22%
Spread / Lowest Target -25,5%
EPS Revisions
Managers
NameTitle
Kevin S. Wilson President, Chief Executive Officer & Director
Scott W. Humphrey Chairman
Nancy Wisnewski Chief Operating Officer & Executive Vice President
Catherine I. Grassman Chief Financial Officer & Executive Vice President
Glenn R. Frank Vice President-Research & Development
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