Examples of Convertible Preferred Stock in a sentence
On March 10, 2021, in connection with the consummation of the transactions contemplated by the Purchase Agreements, the Issuer filed a Certificate of Designations of Series B Convertible Preferred Stock (the “Certificate of Designations”) designating the Series B Preferred Stock and establishing the powers, designations, preferences and relative, participating, optional or other rights, and the qualifications, limitations or restrictions of the shares of Series B Preferred Stock included in such series.
On March 10, 2021, Pine purchased 27,509,203 shares of the Issuer’s Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”) for $68,000,000 pursuant to the terms and conditions set forth in that certain Series B Convertible Preferred Stock Purchase Agreement, dated as of January 7, 2021, by and between the Issuer and Pine (individually, the “Purchase Agreement”).