Examples of Class B Common Stock in a sentence
The Company understands and acknowledges that the issuance of the Securities may result in dilution of the outstanding shares of Class B Common Stock, which dilution may be substantial under certain market conditions, and that the number of Conversion Shares may increase in certain circumstances.
Each stock option granted by the Company was granted (i) in accordance with the terms of the applicable stock option plan of the Company and (ii) with an exercise price at least equal to the fair market value of the Class B Common Stock on the date such stock option would be considered granted under GAAP and applicable law.
Except as set forth on Schedule 3(n), as of the Closing Date, (i) the Class B Common Stock has been listed or designated for quotation on the Principal Market, (ii) trading in the Class B Common Stock has not been suspended by the SEC or the Principal Market and (iii) the Company has received no communication, written or oral, from the SEC or the Principal Market regarding the suspension or delisting of the Class B Common Stock from the Principal Market.
As of the date hereof, except as set forth on Schedule 3(r)(ii), the authorized capital stock of the Company consists of (A) 200,000,000 shares of Common Stock, of which, (i) 10,000,000 shares are designated as Class A Common Stock, of which 7,532,029 shares are issued and outstanding, and (ii) 190,000,000 shares are designated as Class B Common Stock, of which 7,522,971 shares are issued and outstanding and (B) 50,000,000 shares of Preferred Stock, none of which are issued and outstanding.
The Company and its board of directors have taken all necessary action, if any, in order to render inapplicable any stockholder rights plan or similar arrangement relating to accumulations of beneficial ownership of shares of Class B Common Stock or a change in control of the Company or any of its Subsidiaries.