What happens if a man divorces all his wives before their waiting periods expire, and some subsequently embrace Islam?

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If he divorces all and then some embrace Islam within their waiting period while others do not, the marital bond is established only with those who embraced Islam. The divorce takes effect upon them. If the rest embrace Islam later, he may marry them because no divorce took effect upon them. The distinction from the previous case is that here, his divorce occurred when he lacked the right to elect (before their Islam), so the election right is renewed upon their conversion. In the prior case, he divorced them while having the election right, and since the divorce applied to all equally, lots (Qur'ah) were drawn to determine the four chosen ones, as their rights were equal.