Determined liability and equity of $200 million in convertible notes

Determined liability and equity of $200 million in convertible notes

Our client, a leading provider of technology-enabled transportation and supply chain management solutions, raised more than $200 million in convertible notes to partially fund an acquisition. Stout was engaged to determine the liability and equity components of the notes to comply with financial reporting requirements in accordance with ASC 470-20, Debt with Conversion and Other Options. When our client repurchased certain notes in subsequent periods, Stout was engaged to revalue the liability and equity components on the redemption dates.

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