Examples of Company Preferred Stock Conversion in a sentence
Following the Company Preferred Stock Conversion all of the shares of Company Preferred Stock shall be canceled or terminated, as applicable, shall no longer be outstanding and shall cease to exist and no payment or distribution shall be made with respect thereto, and each holder of Preferred Stock shall thereafter cease to have any rights with respect to such securities.
The Company Preferred Stock Conversion shall have occurred in accordance with the provisions of Section 5.4 hereof.
Xxxxx Title: President (Signature Page to Tender and Support Agreement) Schedule A Stockholder Share Allocation Name of Stockholder Company Common Stock Company Preferred Stock Conversion Shares1 Total Common Stock After Conversion Dolphin Direct Equity Partners, L.P. 925,436 1,631 550,283 1,475,719 1 Assumes conversion as of the Dividend Accrual End Date.
Other than any shares to be canceled pursuant to Section 1.3(f), at the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (including shares of Company Common Stock issued upon the Company Preferred Stock Conversion in accordance with Section 1.3(b)) will be automatically converted into the right to receive such number of shares of Parent Class A Common Stock equal to the Exchange Ratio (the “Per Share Merger Consideration”).
Prior to the Closing, the Company has received or shall have received the consent of at least a majority of the outstanding shares of Company Preferred Stock approving the Company Preferred Stock Conversion.
In the event of any change in Buyer Common Stock between the date of this Agreement and the Effective Time by reason of any stock dividend, split-up, reclassification, recapitalization, combination, exchange of shares or the like (an "Adjustment Event"), the Warrants for Company Preferred Stock Conversion Number and the exercise price of the Warrants shall be appropriately adjusted.
The Company shall take any further actions necessary to effectuate the Company Preferred Stock Conversion at or prior to the Effective Time and the Company Preferred Stock Conversion shall be contingent on the occurrence of the Effective Time.
The Company SAFEs Conversion and the Company Preferred Stock Conversion shall have been duly effected.
The Company shall comply with the DGCL and all other applicable Law with respect to the submission to the Company Stockholders of this Agreement, the Merger, the Company Preferred Stock Conversion and the other transactions contemplated hereby, the distribution to the Company Stockholders of any solicitation materials (or any amendment or supplement thereto) and the solicitation of the written consent described in this paragraph.
The Company shall have delivered to Parent written evidence reasonably satisfactory to Parent that all outstanding shares of Company Preferred Stock have been converted into shares of Company Common Stock pursuant to the Company Preferred Stock Conversion Agreement in accordance with its terms and that all of the shares of Company Preferred Stock have been cancelled.