Upland Software Announces Waiver of Series A Preferred Stock Dividends
Business Wire•09/11/2026•17:24 ET
2
Key Highlights
- ➤Upland (UPLD) preferred dividends waived indefinitely, effective October 1, 2026
- ➤4.5% annual preferred dividends will no longer accrue during waiver period
- ➤Q4 2026 expected full quarterly benefit to common-stockholder net income and per-share results
- ➤Waiver freezes liquidation preference and limits common shares issuable on conversion
- ➤HGGC continues holding all 115,000 outstanding Series A preferred shares
Expert Statements
Sean Nathaniel, President and Chief Executive Officer of Upland Software
“We laid out a clear vision with our third quarter results, and we are executing on it.”
Sean Nathaniel, President and Chief Executive Officer of Upland Software
“This waiver further supports our Simplify and Delever strategy as we continue to reduce debt and position the business for sustainable growth.”
Sean Nathaniel, President and Chief Executive Officer of Upland Software
“With HGGC’s continued support as a long-term sponsor, we are focused on executing our plan, expanding margins and turning our AI capabilities into long-term revenue growth.”
HGGC, Affiliate and holder of Upland Software’s Series A Convertible Preferred Stock
“Sean and the team have put forward a clear and credible plan, and they are executing against it.”
HGGC, Affiliate and holder of Upland Software’s Series A Convertible Preferred Stock
“HGGC is fully behind Upland’s management team and its strategy, and this waiver reflects our long-term support for where the Company is headed, from simplifying the business today to driving growth through its AI-powered intelligence layer.”
Upland Software Announces Waiver of Series A Preferred Stock Dividends
Dividend waiver supports execution of Upland’s strategic plan and enhances value for common stockholders
Get started
Create a free account to read the full story.