On January 5, 2015, WMIH Corp. (WMIH) completed an offering of 600,000 shares of its 3.00 percent Series B Convertible Preferred Stock, liquidation preference $1,000 per share, in the amount of aggregate gross proceeds equal to $600M, which was used to finance WMIH’s efforts to explore and fund acquisitions. After the Series B financing, WMIH completed a reincorporation from Washington to Delaware, which required shareholder approval. We acted as as local counsel in connection with the Series B financing and proxy statement preparation.
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