Forward Stock Split. The Company has taken all necessary corporate action to effectuate a forward stock split of its shares of Common Stock on the basis of one (1) such share for each 1.076923077 issued and outstanding share thereof (the “Forward Stock Split”).
Forward Stock Split. Not later than the first trading day of the Firm Shares following the date hereof, the Forward Stock Split shall be effective.
Forward Stock Split. The Company has approved a 1.5-for-1 forward split of its issued and outstanding shares, and has given notice to the SEC, and has filed the application for the forward split with FINRA (with the record date to be a date after the Closing), and has delivered all the filing of the forward split application with FINRA to the Purchasers; and FINRA has approved the 1.5-for-1 forward split.
Forward Stock Split. The Company has the requisite corporate power and authority, and has obtained all requisite approval or authorization of any stockholder, the Board, or others, in order to effect the forward stock split of the Company’s outstanding shares of Class A Common Stock (the “Forward Stock Split”) as described in the Registration Statement, the General Disclosure Package, and the Prospectus. No further approval or authorization of any stockholder, the Board, or others is required in order to effect the Forward Stock Split.
Forward Stock Split. Prior to the Closing of the Merger, Silver River will take all requisite and necessary action to effect a forward stock split (the "Forward Stock Split") of its issued and outstanding shares of common stock on a 2 shares for 1 share basis, the effect of which will increase the number of issued and outstanding shares of Silver River common stock to 3,999,950 shares. In connection with the Forward Stock Split, no fraction of any share Silver River Shares will be issued; rather, the number of shares otherwise issuable, if other than a whole number, will be rounded up to the next whole number.
Forward Stock Split. If (i) outstanding shares of Common ---------------------------------------- Stock are subdivided into a greater number of shares by reason of recapitalization or reclassification, or (ii) a dividend in Common Stock shall be paid or distributed in respect of the Common Stock, then the number of Warrant Shares which a Holder is entitled to purchase under this Warrant shall, simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend, be proportionately increased, and the Warrant Price for such Warrant Shares in effect immediately prior to such subdivision or at the record date of such dividend shall, simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend, be proportionately decreased. If outstanding shares of Common Stock are combined into a lesser number of shares by reason of combination or reverse stock split, then the number of Warrant Shares which a Holder is entitled to purchase under this Warrant shall, simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend, be proportionately decreased, and the Warrant Price for such Warrant Shares in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination, be proportionately increased.
Forward Stock Split. Following the closing of the Contribution, the Company effected a 16.503906-for-1 forward split of its Common Stock in the form of a dividend, with the result that each share of the Company’s Common Stock outstanding immediately prior to the stock split became 16.503906 shares of its Common Stock immediately thereafter.
Forward Stock Split. Immediately prior to the Closing, Jehu Hand shall convert his note payable into 242,066 (pre-split) shares of common stock and the Company shall effect a 3 for 1 forward stock split, resulting in approximately 2,000,000 Shares outstanding.
Forward Stock Split. Upon the execution of this Agreement, Buyer's Board of Directors shall authorize a 14 for 1 forward stock split of its common stock with the shareholder of record date being the close of business on May 31, 2004.
Forward Stock Split. Prior to the Closing of the Merger, Green Mt. will take all requisite and necessary action to effect a forward stock split (the "Forward Stock Split") of its issued and outstanding shares of common stock on a 1.5 shares for 1 share basis, the effect of which will increase the number of issued and outstanding shares of Green Mt. common stock to approximately 1,509,000 shares. In connection with the Forward Stock Split, no fraction of any share Green Mt. Shares will be issued; rather, the number of shares otherwise issuable, if other than a whole number, will be rounded up to the next whole number.
