Examples of Series B-1 in a sentence
As of the close of business on the date of this Agreement, (i) 22,561,639 shares of Company Common Stock were issued and outstanding, (ii) no shares of Company Common Stock were held in the treasury of the Company or by Subsidiaries of the Company, (iii) 4,084,350 shares of Company Series A Preferred Stock were issued and outstanding, (iv) 20,000 shares of Company Series B Preferred Stock were issued and outstanding, and (v) no shares of Company Series B-1 Preferred Stock were issued and outstanding.
The Series B-1 Convertible Note issued by Merlin Software Technologies International, Inc.
Note A: Priorities cited are for calls made under Special Redemption Provisions from excess revenues (including prepayments) of 2002 Series A-1 and 2002 Series B-1 representing "tax restricted" prepayments.
The Company defines capital as Common and Series A1 and Series B1 Preferred Shares as recognized in the financial statements.
Each unit consists of one Series B-1 Preferred Share and one-half of a Series B-1 preferred share purchase warrant.
Each B-1 Compensation Unit consists of one Series B-1 Preferred Share and one-half of a Series B-1 preferred share purchase warrant.
A Certificate of Designation of Preferences, Rights and Limitations of Series B-1 Convertible Preferred Stock was filed with the Secretary of State of the State of Delaware on March 2, 2020.
Upon the conversion of Diluted Stock held by a Series B/KBH Holder as set forth herein, such shares of Diluted Stock shall no longer be outstanding on the books of the Corporation and the Series B/KBH Holder shall be treated, to the extent that said holder held such Diluted Stock, as the record holder of such shares of Series B1 Preferred Stock (or Series KBH1 Stock, in the case of Series KBH Stock) on the date of closing of the applicable Diluting Issuance.
Each warrant entitles to the holder to acquire a Series B-1 Preferred Share at $2.20 per share for two years following the issuance date.
If any shares of Preferred Stock shall be converted or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series B-1 Convertible Preferred Stock.