Authorized Common Stock Increase definition

Authorized Common Stock Increase means the amendment to the Corporation’s Articles of Incorporation to, after the date hereof, increase the number of authorized shares of Common Stock from 20,000,000 to 350,000,000.
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Authorized Common Stock Increase means effectiveness of an amendment to the Certificate of Incorporation filed with the Secretary of State of the State of Delaware, following approval by the Board of Directors and stockholders of the Corporation in accordance with Section 242 of the DGCL, that authorizes at least 125 million shares of Common Stock.”
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Authorized Common Stock Increase means effectiveness of an amendment to the Certificate of Incorporation filed with the Secretary of State of the State of Delaware, following approval by the Company’s Board of Directors and stockholders in accordance with Section 242 of the Delaware General Corporation Law, that authorizes at least 125 million shares of Common Stock.
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Examples of Authorized Common Stock Increase in a sentence

  • It was curious, however, that it had not specified the purported GATT provision.

  • Subject to Section 6(d), each share of Series C Preferred Stock shall be convertible, at any time and from time to time only after the Authorized Common Stock Increase Date, at the option of the Holder thereof, into that number of shares of Common Stock determined by dividing the Stated Value of such share of Series C Preferred Stock by the Conversion Price.

  • The Company covenants that, from and after the date that the Authorized Common Stock Increase Proposal is obtained and during the period that the Warrant is outstanding, it will reserve from its authorized and unissued shares of Common Stock a sufficient number of shares to provide for the issuance of the Warrant Shares underlying this Warrant.

  • The Holder agrees not to revoke any such vote or change any vote once voted in favor of the Authorized Common Stock Increase Proposal.

  • The Company covenants that, after the Authorized Common Stock Increase and during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Stock a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.

  • As soon as practicable following the date of this Amendment, and no event later than the next annual or special meeting of stockholders of the Company, the Company shall file with the Securities and Exchange Commission one or more definitive proxy statements, at the expense of the Company, for one or more stockholder meetings, soliciting stockholder approvals at such meetings for the Authorized Common Stock Increase Proposal.

  • Following the Authorized Common Stock Increase, any Underlying Shares will have been duly authorized and reserved for issuance and, upon conversion of the Shares or exercise of the Warrants into shares of Common Stock, will be validly issued, fully paid and nonassessable, and are free and clear from all taxes, liens and charges with respect to the issue thereof.

  • The Proxy Statement shall include a recommendation of the Company’s Board of Directors that the Company’s stockholders vote in favor of the issuance of the Underlying Shares and the proposal to effect the Authorized Common Stock Increase.

  • Each Purchaser agrees not to revoke any such vote or change any vote once voted in favor of the Authorized Common Stock Increase Proposal.

  • Upon receipt of the Stockholder Approval with respect to the Authorized Common Stock Increase Proposal, the Company shall cause the amendment to the Company’s Articles of Incorporation, as amended, approved thereby (the “Common Stock Increase Amendment”) to be filed with the Nevada Secretary of State on the date of such Stockholder Approval or as soon as practicable thereafter (the effective date of such amendment, the “Common Stock Increase Effective Date”).


More Definitions of Authorized Common Stock Increase

Authorized Common Stock Increase means an increase in the number of shares of Common Stock authorized for issuance by the Company from 100,000,000 shares to 300,000,000 shares that is effected by the Company’s filing of the Authorized Common Stock Increase Amendment with the State of Delaware and the acceptance thereof by the State of Delaware.
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Related to Authorized Common Stock Increase

  • Authorized shares means the shares of all classes a domestic or foreign corporation is authorized to issue.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • New Common Shares means the common stock or common equity of Reorganized XOG to be issued on the Effective Date.

  • Authorized Share Approval means approval of the Amendment by the shareholders of the Company.

  • Additional Common Stock herein shall mean in the most broadest sense all shares of Common Stock hereafter issued by the Borrower (including, but not limited to Common Stock held in the treasury of the Borrower and common stock purchasable via derivative security or option on the date of such grant ), except Common Stock issued upon the conversion of any of this Convertible Note or Warrant.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • Pubco Common Stock means all classes and series of common stock of Pubco, including the Class A Common Stock and Class B Common Stock.

  • Series B Common Stock means the Series B Common Stock, par value $0.01 per share, of the Company.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Unissued Option Shares means the number of Shares, at a particular time, which have been reserved for issuance upon the exercise of an Option but which have not been issued, as adjusted from time to time in accordance with the provisions of section 5, such adjustments to be cumulative.

  • Common Shares means the common shares in the capital of the Corporation;

  • Reserved Shares means initially, [ ] Shares. The Reserved Shares may be increased or decreased in a Supplemental Confirmation.

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Additional Common Shares means all common stock (including reissued shares) issued (or deemed to be issued pursuant to Section 2) after the date of the Warrant. Additional Common Shares does not include, however, any common stock issued in a transaction described in Sections 2.1 and 2.2 of the Warrant; any common stock Issued upon conversion of preferred stock outstanding on the date of the Warrant; the Shares; or common stock Issued as incentive or in a nonfinancing transaction to employees, officers, directors, or consultants to the Company.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Undesignated Shares As of any date, the Number of Shares minus the number of Shares designated as Settlement Shares for Settlements for which the related Relevant Settlement Date has not occurred.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Class A Common Stock means the Class A Common Stock, par value $.01 per share, of the Company.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.001 per share, of the Company.

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;