Examples of Conversion offering in a sentence
As part of the Conversion, the Holding Company and the Bank intend to establish the New Foundation which will qualify as an exempt organization under Section 501(c)(3) of the Internal Revenue Code and to donate to the New Foundation from authorized but unissued shares of Common Stock of the Holding Company, an amount equal to $30 million worth of Common Stock, valued at the expected Conversion offering price of $10 per share.
We continued to develop our fundamentals of our Waste Conversion offering with specific opportunities provided by the Australian market.
The intended use of the attached advertisement "A" is to notify the Association's customers, stockholders and members of the local community that the Conversion offering is underway.
Of the approximately $25.9 million of Conversion offering proceeds that remained in interest-bearing deposits at December 31, 1995, $19.4 million was used to make the special return of capital distribution in May 1996.
Like all of the Peer Group companies, the Company’s stock will continue to be quoted on the NASDAQ following the Second-Step Conversion offering.