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The latest announcement is out from Blackbaud (BLKB).
On March 18, 2024, Blackbaud, Inc. made significant changes to its stockholder rights by amending its Rights Agreement, effectively terminating the Rights and expiring preferred share purchase rights. Additionally, the company eliminated the provisions related to its Series A Preferred Stock, reverting these shares to undesignated preferred stock. This move, announced in a press release, simplifies the company’s capital structure and could be of interest to investors monitoring corporate governance and equity strategy changes.
See more data about BLKB stock on TipRanks’ Stock Analysis page.