IMS Common Stock definition
Examples of IMS Common Stock in a sentence
On the Distribution Date, IMS shall contribute to ST 22,000 shares of ST Common Stock which, pursuant to the Distribution, equals the conversion of 440,000 shares of IMS Common Stock purchased by IMS in its stock repurchase program into ST Common Stock.
In the event that Shareholder returns Merger Shares to Buyer in accordance with the foregoing, the value of each share returned shall be an amount equal to the average closing sales price for shares of IMS Common Stock as reported on the applicable securities exchange for the most recent fifteen (15) trading days ending on the day immediately prior to the date upon which it is determined that Shareholder is required to return Merger Shares to Buyer.
As of the Distribution Record Date, [relevant number of shares of IMS capital stock as of such date to be inserted below] the authorized capital stock of IMS consists of ___________ shares of IMS Common Stock, __________ shares of Series Common Stock, $.01 per share, of IMS ("IMS Series Stock") and __________ shares of preferred stock, par value $.01 per share, of IMS ("IMS Preferred Stock").
The authorized capitalization of IMS consists of 50,000,000 shares of common stock, par value $0.0001 per share (the "IMS Common Stock") and 1,000,000 shares of preferred stock, par value $0.0001 per share (the "IMS Preferred Stock").
As of the Initial Closing Date, there are 26,958,848 shares of IMS Common Stock and 10,250 shares IMS Preferred Stock (including 10,000 shares of Series A Preferred Stock and 250 shares of Series B Preferred Stock) issued and outstanding.
In connection with the Merger, Buyer will pay Shareholder an amount equal to Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00), payable on the Effective Date by the delivery of three million three hundred thirty-three thousand three hundred thirty-three (3,333,333) shares of IMS Common Stock (the "Merger Shares").
Paragon also represents it has not been organized for the purpose of acquiring the IMS Common Stock.
Paragon further represents that it has had an opportunity to ask questions and receive answers from IMS regarding the terms and conditions of the purchase and sale of the IMS Common Stock and the business, properties, prospects and financial condition of IMS.
Subject in part to the accuracy of Paragon's representations set forth in Article I of this Agreement, the offer, sale and issuance of the IMS Common Stock as contemplated by this Agreement are exempt from the registration requirements of the Securities Act, and neither IMS nor any authorized agent acting on its behalf will take any action hereafter that would cause the loss of such exemption.
At the close of business on March 24, 2000, 297,239,518 shares of IMS Common Stock were issued and outstanding, no shares of IMS Series Common Stock or IMS Preferred Stock were issued and outstanding, 37,805,872 shares of IMS Common Stock were held by IMS in its treasury, 42,809,241 shares of IMS Common Stock were reserved for issuance upon the exercise of outstanding IMS Options, and IMS had 372,108 restricted stock units and phantom units issued.