Examples of Series C Convertible Preferred in a sentence
On April 23, 2014, these shares were converted into common stock and on July 14, 2014 WPS also converted its Series A and Series C Convertible Preferred Stock, which represented 90% of the total issued and outstanding common stock of PWCL on the date of conversion.
In addition, in August of 2013 we issued 230,000 shares of Series C Convertible Preferred Stock pursuant to a Settlement Agreement with Creative Gaming Consultants, Inc.
Each share of Series B Preferred Stock is convertible into one (1) share of Common Stock.o The Company has designated 10,000,000 shares as Series C Convertible Preferred Series Stock.
If any shares of Preferred Stock shall be converted, redeemed 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 C Convertible Preferred Stock.
Series C Convertible Preferred Stock On January 24, 2014, pursuant to Article III of our Articles of Incorporation, the Company’s Board of Directors voted to designate a class of preferred stock entitled Series C Preferred Stock, consisting of up to ten million (10,000,000) shares, par value $0.001.
In connection with the IPO, shares of Series C Convertible Preferred Stock were subsequently converted (on the closing of the IPO) into Shares on a 1-for-1.00335008 basis.
On April 30, 2019, at the closing of the transactions contemplated by the Merger Agreement, CFH acquired 7,364,413 shares of Common Stock and 10,000 shares of Series C Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred Stock"), of the Issuer.
The Company sold 3,000 shares of its Series B Convertible Preferred Stock (the "Series B Stock") for $3.0 million in October 1996 and 3,000 shares of its Series C Convertible Preferred Stock (the "Series C Stock") for $3.0 million in January 1997 to an institutional investor pursuant to the October 1996 Financing Agreement.
In connection with the Series C Convertible Preferred Stock Financing, the 2020 Notes, totaling unpaid principal and accrued interest of $15.9 million, converted into 1,366,820 shares of Series C convertible preferred stock.
During 2017, 559,849 shares of Series C Convertible Preferred Stock were issued for gross cash proceeds of $5.3 million, reduced by issuance costs of $0.4 million.