Outstanding Preferred Stock Sample Clauses
Outstanding Preferred Stock. The shares of Preferred Stock of the Company, issued and outstanding as of the date of this Agreement, will convert into shares of Common Stock in connection with the IPO.
Outstanding Preferred Stock. All issued and outstanding preferred Stock of Borrower is duly authorized and validly issued. All of the issued and outstanding preferred Stock of Borrower, as of the Closing Date, is owned by each of the Persons and in the amounts set forth in Schedule 5.22.
Outstanding Preferred Stock. Franklin represents and warrants to and for the benefit of ▇▇▇▇ ▇▇▇▇▇▇ that, as of the date of this ▇▇▇, there are 10,950 shares of Preferred Stock issued and outstanding.
Outstanding Preferred Stock. Each share of Preferred Stock issued and outstanding immediately prior to the Effective Time shall remain issued and outstanding and unaffected by the Merger.
Outstanding Preferred Stock. 90 5.23 Eligible Engines and Equipment ............................................................................90 5.24
Outstanding Preferred Stock. As of October 24, 2019, there were no shares of Class A Convertible Preferred Stock issued and outstanding. The rights and preferences of our Class A Convertible Preferred Stock include the following: In the event of any dissolution, liquidation or winding up of our Company, whether voluntary or involuntary, the holders of our Class A Convertible Preferred Stock are entitled to participate in any distribution out of our assets of on an equal basis per share with the holders of our common stock.
Outstanding Preferred Stock. Pubco shall have at least 20,000,000 shares of its preferred stock authorized and shall have no shares of its preferred stock issued and outstanding.
Outstanding Preferred Stock. All issued and outstanding preferred Stock of the Borrower is duly authorized and validly issued.
Outstanding Preferred Stock. As of the date hereof Series A --------------------------- Preferred Stock is the only Preferred Stock outstanding. Shares of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock are issuable only in connection with, and to holders of, Series A Preferred Stock or other shares of Preferred Stock issued directly or indirectly in connection with, and to holders of, Series A Preferred Stock.
Outstanding Preferred Stock. On March 17, 2005, the Company issued 6,000,000 shares of Series A Preferred Stock to its Chief Executive Officer, ▇▇▇▇▇▇ ▇▇▇▇▇, and 1,500,000 shares of Series A Preferred Stock to its Chief Financial Officer, ▇▇▇▇▇ ▇▇▇▇▇. These shares have a combined valuation of $750,000. These shares were issued as a performance bonus to Messrs. ▇▇▇▇▇ and ▇▇▇▇▇ for, among other things, their role in helping expand and grow the Company's business operations. Also on March 17, 2005, the Company issued an aggregate of 2,000,000 shares of Series A Preferred Stock to two accredited investors as consideration for investor relations services. These shares have a combined valuation of $200,000. Beginning two years from the date of issuance of the Series A Preferred Stock, each one share of Series A Preferred Stock is convertible, at the option of the holder, into 0.04 shares of the Company's common stock. However, holders cannot convert any share of Series A Preferred Stock if the market price of the Company's common stock is below $3.00 per share.