Upland Software, Inc. (UPLD) Form 8-K — Nov 9, 2026
Upland Software announced that Ulysses Aggregator, LP, an affiliate of sponsor HGGC, agreed to waive the accumulation and accrual of 4.5% paid-in-kind dividends on all 115,000 shares of Series A Convertible Preferred Stock for an indefinite period, effective October 1, 2026. Dividends waived during the period are permanently forgiven with no future catch-up, and the preferred stock's liquidation preference will be held at its current level, limiting shares issuable on conversion.
Key figures
- Waiver effective date
- 2026-10-01
- Dividend rate annual pct
- 4.5
- Series a preferred shares outstanding
- 115000
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