The Roshe Run has been transformed into the Roshe One. The Roshe One features customization options, thanks to Nikeid, and technological updates, including Nike Flywire. These updates, along with the change of title, suggest that there will be a line of Roshe's to look forward to in the future.
Preferred stock that allows the holder to convert the preferred shares into a fixed number of common shares, usually any time after a predetermined date. Also known as convertible preferred shares.
Convertible debt is a type of security frequently issued by startups when raising capital in their seed round. With convertible debt, the startup issues the seed investor a promissory note, for the investment amount, that contains a conversion feature. The conversion feature is the mechanism by which the debt (the promissory note) will convert to equity (new shares for the investor) upon various future events.