DG Capital Management, LLC, a significant shareholder in Invacare (OTC:IVCRQ) Holdings Corp (OTC:IVCRQ), reported a notable transaction involving the company's stock. According to a recent filing, DG Capital Management exchanged 1,408,002 shares of Invacare's 9.00% Series A Convertible Participating Preferred Stock. This transaction resulted in no remaining shares of this particular stock for DG Capital Management.
The exchange involved converting the Series A Preferred Stock into Series B Redeemable Preferred Stock, along with an increase in the principal amount due under Invacare's Loan and Security Agreement. The transaction reflects DG Capital Management's ongoing management of its investment portfolio in Invacare Holdings.
The shares are held by private investment funds and separately managed accounts overseen by DG Capital Management, with Dov Gertzulin serving as the Managing Member. Both DG Capital Management and Gertzulin have disclaimed beneficial ownership of the shares beyond their financial interest.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.