Shareholders' equity

12 Months Ended

Mar. 28, 2020

Shareholders' equity

Shareholders' equity

8. Shareholders’ equity

Common stock

During fiscal 2017, the Company issued 27,073 shares of common stock in exchange for consultation services received from a third-party at a weighted-average price of $4.99 per share, respectively.

As of March 28, 2020, the Company had 250,000,000 shares of common stock authorized, with a par value of $0.01, of which 48,316,559 were issued.

The holders of common stock are entitled to one vote per common share. The holders have no preemptive or other subscription rights and there are no redemptions or sinking fund provisions with respect to such shares. Common stock is subordinate to any preferred stock outstanding with respect to rights upon liquidation and dissolution of the Company.

Preferred stock

As of March 28, 2020, the Company had 5,000,000 shares of preferred stock authorized, with a par value of $0.01, of which no shares were issued or outstanding.