Examples of Company Series B-2 Preferred Stock in a sentence
Subject to Section 1.6(g) hereof, each share of Company Series B-2 Preferred Stock issued and outstanding immediately prior to the Effective Time will be converted automatically into a number of shares of Parent Common Stock equal to the product obtained by multiplying (i) the quotient that results from dividing (A) the Series B-2 Preference Per Share by (B) the Aggregate B-2 and C Preferred Preference, by (ii) the Remaining Available Shares.
The authorized capital stock of Company consists solely of 40,000,000 shares of Company Class A Common Stock, 10,300,617 shares of Company Class B Common Stock, 9,895,834 shares of Company Series A-1 Preferred Stock, 7,754,630 shares of Company Series A-2 Preferred Stock, 3,277,959 shares of Company Series B-1 Preferred Stock and 2,545,987 shares of Company Series B-2 Preferred Stock.
A total of 2,141,204 shares of Company Series A-1 Preferred Stock, no shares of Company Series A-2 Preferred Stock, 731,972 shares of Company Series B-1 Preferred Stock and no Company Series B-2 Preferred Stock are issued and outstanding as of the Agreement Date.
All shares of Company Series B-2 Preferred Stock, when so converted will be automatically cancelled and extinguished and shall cease to exist, and each holder of a share of Company Series B-2 Preferred Stock immediately prior to the Effective Time shall cease to have any rights with respect thereto, except the rights, in each case subject to the terms and conditions of this Agreement and the Escrow Agreement, to receive the Series B-2 Preferred Consideration.
As of January 22, 2021, the following shares were outstanding: 10,799,280 shares of Company Common Stock, 7,970,989 shares of Company Series Seed Preferred Stock, 15,230,564 shares of Company Series A Preferred Stock, 8,463,568 shares of Company Series A-1 Preferred Stock, 18,736,534 shares of Company Series B Preferred Stock, 17,977,486 shares of Company Series B-1 Preferred Stock, and 2,690,322 shares of Company Series B-2 Preferred Stock.
Of such authorized shares, as of the date hereof, there are issued and outstanding (i) 2,082,217 shares of Company Common Stock and (ii) 72,623,206 shares of Company Preferred Stock, of which (A) 37,363,656 shares of Company Series A-1 Preferred Stock, (B) 35,259,550 shares of Company Series B-1 Preferred Stock, (C) no shares of Company Series A-2 Preferred Stock, and (D) no shares of Company Series B-2 Preferred Stock are issued and outstanding.
As of the Agreement Date, 2,367,344 shares of Company Common Stock, 1,985,006 shares of Company Series A Preferred Stock, 813,233 shares of Company Series A-1 Preferred Stock, 1601,156 shares of Company Series B-1 Preferred Stock and 526,158 shares of Company Series B-2 Preferred Stock are issued and outstanding.