Brief: Upland Software Inc Adopts Tax Benefit Preservation Plan For Net Operating Losses

Upland Software

03/05/2023 14:46

May 3 (Reuters) - Upland Software Inc  UPLD.O :
    * UPLAND SOFTWARE, INC. ADOPTS TAX BENEFIT PRESERVATION PLAN
FOR
NET OPERATING LOSSES
    * UPLAND SOFTWARE - BOARD DECLARED DIVIDEND OF 1 PREFERRED
STOCK
PURCHASE RIGHT, REFERRED TO AS "RIGHTS," FOR EACH OUTSTANDING
SHARE OF COMMON STOCK
    * UPLAND SOFTWARE - RIGHTS WILL BECOME EXERCISABLE IF PERSON
OR
GROUP, WITHOUT APPROVAL OF BOARD, ACQUIRES 4.9% OR MORE OF CO'S
OUTSTANDING COMMON STOCK
    * UPLAND SOFTWARE INC - PLAN TOOK EFFECT ON MAY 2, 2023 AND
IS
SCHEDULED TO CONTINUE IN EFFECT UNTIL MAY 1, 2024

Source text for Eikon:  ID:nBw6Xb7Q8a 
Further company coverage:  UPLD.O 

 ((Reuters.Briefs@thomsonreuters.com;))