7711 ASRock Rack: Board Resolution on Acquisition of Securities
ASRock Rack (7711) announced on May 22, 2025, that its board resolved to acquire preferred shares of Together Computer Inc. for up to US$10 million. The investment is strategic, and the shares include an 8% non-cumulative dividend and liquidation preference.
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- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:05 (206h 33m after Collected)
On May 22, 2025, ASRock Rack (7711) announced that its board of directors has resolved to acquire securities. The target is preferred stock of Together Computer Inc. Terms include an 8% non-cumulative dividend, a 1x liquidation preference, and anti-dilution rights. In the event of a liquidity event, the company can recover the higher of the original investment plus accrued dividends or the pro-rata distribution. The total transaction amount is up to US$10 million. The counterparty is not a related party. The purpose is strategic investment, and the board has authorized the chairman to handle the matter. The USD/TWD exchange rate used is 31.677.
FAQ
What is preferred stock?
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock.