Company Series A Convertible Preferred Stock definition
Examples of Company Series A Convertible Preferred Stock in a sentence
Ladies and Gentlemen: We are counsel to INTELLICALL, INC., a Delaware corporation (the "Company"), and we understand that [Name of Purchaser] (the "Holder") has purchased from the Company Series A Convertible Preferred Stock of the Company (the "Preferred Stock"), convertible into shares of the Company's common stock, par value $.10 per share (the "Common Stock").
As of the date of this Agreement, there are issued and outstanding 7,599,533 shares of Company Common Stock, 37,000,000 shares of Company Series A Convertible Preferred Stock, 50,000,000 shares of Company Series B Convertible Preferred Stock and no shares of Company Series B1 Preferred Stock.
The parties agree that nothing contained in this Agreement shall restrict the redemption or conversion of the Company Series A Convertible Preferred Stock held by the Securityholder in accordance with the terms of the Company Series A Convertible Preferred Stock in effect on the date hereof or any exchange pursuant to the terms of the Exchangeable Securities or the agreements related thereto.
As of the date hereof, there are 664,364 shares of Company Common Stock issuable upon exercise of outstanding warrants to purchase shares of Company Common Stock and 395,788 shares of Company Stock issuable upon exercise of outstanding warrants to purchase shares of Company Series A Convertible Preferred Stock.
Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, Series A Convertible Preferred Stock, par value $.001 per share (the “Series A Preferred Stock”), having an aggregate stated value up to One Million Five Hundred Thousand Dollars ($1,500,000) and the rights set forth in the Certificate of Designations, Limitations and Preferences attached hereto as Exhibit B (the “Series A Financing”).
Upon conversion, the outstanding shares of Company Class B Common Stock would convert into 73,365 shares of Company Common Stock and the outstanding shares of Company Series A Convertible Preferred Stock would convert into 423,429 shares of Company Common Stock.
Company Series A Convertible Preferred Stock AP1 25,000 100% UniqueScreen Media, Inc.
As of the date hereof, there are 21,353,500 shares of Company Common Stock, 2,225 shares of Company Series A Convertible Preferred Stock and 4,593,091 of Series B Convertible Preferred Stock issued and outstanding.
The Shareholders shall exchange all of their Telava to converted shares for a total of 1,353,134 shares of Company Series A Convertible Preferred Stock having the rights and privileges set forth on the Designation attached as Exhibit 1 herein (the "Preferred Stock") at the Closing of this Agreement.
As of the close of business on July 1, 2004, there were outstanding (i) 34,017,161 shares of Company Common Stock, (ii) 3,051,597 shares of Company Class B Stock, (iii) 305,548 shares of Company Series A Convertible Preferred Stock, (iv) no shares of series B Convertible Preferred Stock and no other shares of capital stock of Company were then outstanding.