The Roshe Run has been transformed into the Roshe One. The Roshe One features customization options, thanks to Nikeid, and technological updates, including Nike Flywire. These updates, along with the change of title, suggest that there will be a line of Roshe's to look forward to in the future.
Preferred stock that allows the holder to convert the preferred shares into a fixed number of common shares, usually any time after a predetermined date. Also known as convertible preferred shares.
When should preferred stock be automatically converted into common stock? Preferred stock should automatically convert upon a majority (or super-majority) vote of the preferred stock or upon an IPO. Preferred stock will typically convert to common stock with the consent of a majority of the preferred stock. In some financings, the threshold will be raised to 2/3 or higher in order ensure that there is sufficient consensus for conversion.