StocksMedium•9 November 2026•
1 min read
Upland Software Announces Waiver of Preferred Stock Dividends by Major Shareholder
Key Facts
1Ulysses Aggregator, an HGGC affiliate, agreed to waive the accumulation and accrual of dividends on Upland Software's Series A Preferred Stock.
2The dividend waiver is effective indefinitely, starting retroactively from October 1, 2026.
Ulysses Aggregator, an HGGC affiliate, agreed to waive the accumulation and accrual of dividends on Upland Software's Series A Preferred Stock. Business Wire reported that the waiver is effective indefinitely and applies retroactively starting from October 1, 2026.
The move is intended to improve cash flow and balance sheet flexibility without diluting common shareholders. UPLD closed at $3.97 on November 6, 2026, having reached a day high of $4 and a low of $3.21 during that session.