Park City completes redemption of series A convertible preferreds

By Marisa Wong

Madison, Wis., April 19 - Park City Group, Inc. redeemed all of its series A convertible preferred stock on April 15.

Of the 686,210 series A preferreds outstanding, 2,172 preferreds were redeemed for a total of $21,720, and the remaining 684,038 preferreds were converted into 2,280,149 shares of common stock, according to an 8-K filing with the Securities and Exchange Commission.

Based in Park City, Utah, Park City Group develops computer software to help retailers increase sales and reduce inventory and labor costs.

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