C3.ai Inc | 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (AI.PRB)
Prospectus excerpt: We are offering 135,000 shares of our 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock, par value $0.01 per share, or the Series B Preferred Stock. Dividends on the Series B Preferred Stock will be cumulative from the date of original issue and payable quarterly, beginning on or about May 12, 2017, at the rate of 7.00% of the liquidation preference per annum, or $1.75 per share of Series B Preferred Stock per annum. The first dividend will be payable on June 30, 2017 in the amount of $0.238 per share.
C3.ai is the Enterprise Artificial Intelligence (AI) application software company. Co. delivers a family of integrated products including the C3 AI Application Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, and C3 AI Applications, a portfolio of software-as-a-service enterprise AI applications. Co. has built a single, integrated solution that enables its customers to develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. Customers can deploy C3 AI applications on primary public cloud infrastructures, private cloud or hybrid environments, or directly on their servers and processors.