Examples of Series C Convertible Preferred Stock 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.
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.