tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

ANI Pharmaceuticals Completes Mandatory Conversion of Preferred Shares

Story Highlights
ANI Pharmaceuticals Completes Mandatory Conversion of Preferred Shares

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from ANI Pharmaceuticals ( (ANIP) ).

On November 19, 2021, ANI Pharmaceuticals completed the acquisition of Novitium Pharma LLC and issued 25,000 shares of Series A Convertible Preferred Stock to Ampersand 2020 Limited Partnership for $25 million. By August 14, 2025, Ampersand converted 5,000 Preferred Shares into 120,580 Common Shares, and on September 26, 2025, the remaining 20,000 Preferred Shares were mandatorily converted into 482,320 Common Shares, resulting in no Preferred Shares remaining outstanding.

The most recent analyst rating on (ANIP) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on ANI Pharmaceuticals stock, see the ANIP Stock Forecast page.

Spark’s Take on ANIP Stock

According to Spark, TipRanks’ AI Analyst, ANIP is a Neutral.

ANI Pharmaceuticals’ overall stock score is driven by strong earnings call results and technical momentum, despite valuation concerns and profitability challenges. The company’s raised guidance and product performance are significant positives, while the negative P/E ratio and overbought technical indicators pose risks.

To see Spark’s full report on ANIP stock, click here.

More about ANI Pharmaceuticals

ANI Pharmaceuticals, Inc. operates in the pharmaceutical industry, focusing on developing, manufacturing, and marketing generic and specialty pharmaceutical products.

Average Trading Volume: 469,383

Technical Sentiment Signal: Buy

Current Market Cap: $2.06B

See more insights into ANIP stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1