Global Finance News
21 Nov 2025, 16:28
Coherent Corp. – Bain Capital waives dividend rights on Series B preferred stock
Coherent Corp. announced that it has entered into a Waiver Agreement with Bain Capital, the holder of its Series B-1 and Series B-2 Convertible Preferred Stock. Under the agreement, Bain Capital irrevocably waives its rights to receive any dividends on these preferred shares from November 20, 2025 onward.
Bain Capital, which has reduced but still maintains a significant ownership stake in Coherent, said the decision reflects long-term confidence in the company’s strategy and management. Senior Advisor Steve Pagliuca described Coherent as a strong long-term investment with clear strategic direction.
Coherent stated that the waiver strengthens alignment between Bain Capital and common shareholders and supports the company’s strategic priorities.
Coherent Corp. announced that it has entered into a Waiver Agreement with Bain Capital, the holder of its Series B-1 and Series B-2 Convertible Preferred Stock. Under the agreement, Bain Capital irrevocably waives its rights to receive any dividends on these preferred shares from November 20, 2025 onward.
Bain Capital, which has reduced but still maintains a significant ownership stake in Coherent, said the decision reflects long-term confidence in the company’s strategy and management. Senior Advisor Steve Pagliuca described Coherent as a strong long-term investment with clear strategic direction.
Coherent stated that the waiver strengthens alignment between Bain Capital and common shareholders and supports the company’s strategic priorities.
