Business: mCloud Technologies Corp 9.0% Series A Cumulative Perpetual Preferred Shares liquidation preference $25 per share, redeemable at the issuer's option on or after 12/22/23 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.<p> Cumulative distributions of 9% per annum ($2.25 per annum or $0.1875 per monthj) Until the fifth anniversary of the Original Issue Date (12/23/2027), then the distributions will be 13% per annum, the dividend rate will increase on the dates that are three (to 17%), six (to 21%) and nine months after the fifth annual anniversary of the Original Issue Date to 25% per annum ($6.25 per annum or $0.520833 per month), respectively. The distributions will be paid monthly on the same day of the month as the Original Issue Date to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> The Series A Preferred Shares are convertible into Common Shares at a conversion ratio of the $25.00 per share liquidation preference divided by $2.75. This security is possibly subject to an early call as a result of the In the event that the shares are no longer listed on the NYSE, the AMEX or the Nasdaq exchanges and are also not subject to SEC reporting requirements. This security is possibly subject to an early call as a result of the In the event, the volume weighted average price of the Common Shares on the Nasdaq Capital Market for five consecutive trading days is at least $8.00. <p> In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.