Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series A-1 Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the Holder of each share of Series A-1 Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization or reclassification or other change by holders of the number of shares of Common Stock that would have been subject to receipt by the holders upon conversion of the Series A-1 Preferred Stock immediately before that change, all subject to further adjustment as provided herein.
Appears in 1 contract
Samples: Securities Purchase Agreement (SKYX Platforms Corp.)
Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series A-1 A Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the Holder of each share of Series A-1 A Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization or reclassification or other change by holders of the number of shares of Common Stock that would have been subject to receipt by the holders upon conversion of the Series A-1 A Preferred Stock immediately before that change, all subject to further adjustment as provided herein.
Appears in 1 contract
Samples: Securities Purchase Agreement (SKYX Platforms Corp.)
Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series A-1 B Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification reclassification, or otherwise (other than a subdivision or combination of shares provided for above), then and in each such event the Holder holder of each share of Series A-1 B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such reorganization or reclassification or other change by holders of the number of shares of Common Stock common stock that would have been subject to receipt by the holders upon conversion of the Series A-1 B Preferred Stock immediately before that change, all subject to further adjustment as provided herein.
Appears in 1 contract
Samples: Asset Purchase Agreement (Information Architects Corp)
Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon conversion of the Series A-1 B Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification reclassification, merger, share exchange or otherwise (other than a subdivision Stock Subdivision or combination of shares Stock Combination provided for above), the Conversion Price then in effect shall, concurrently with the effectiveness of such reorganization, reclassification, merger, share exchange or other transaction, be appropriately and in each equitably adjusted such event that the Holder of each share of Series A-1 B Preferred Stock shall have be convertible into, in lieu of the right thereafter to convert such share into the kind and amount number of shares of Common Stock which the holders would otherwise have been entitled to receive, that number of shares of such other class or classes of stock and other securities and property receivable upon such reorganization or reclassification or other change by holders of equivalent to the number of shares of Common Stock that would have been subject to receipt by the holders upon conversion of the Series A-1 B Preferred Stock immediately before that such change, all subject to further adjustment as provided herein.
Appears in 1 contract
Samples: Securities Purchase Agreement (Ign Entertainment Inc)