Examples of Parent Series A-1 Preferred Stock in a sentence
As of December 31, 2018, there were 1,050,000 shares of Parent Common Stock issuable, and reserved for issuance, upon conversion of all outstanding shares of Parent Series A Preferred Stock and Parent Series A-1 Preferred Stock, subject to adjustment on the terms set forth in the applicable certificates of designation.
As of December 31, 2018, there were 7,555,004 shares of Parent Common Stock issued and outstanding, 550,000 shares of Parent Series A Preferred Stock issued and outstanding and 500,000 shares of Parent Series A-1 Preferred Stock issued and outstanding.
As of the date of this Agreement and immediately after filing the Parent Restated Charter but prior to the Effective Time, there are 12,000,000 outstanding shares of Common Stock, and 28,000,000 outstanding shares of Parent Series A Preferred Stock and no outstanding shares of Parent Series A-1 Preferred Stock.
At the Effective Time, (i) each Company Warrant outstanding immediately prior to the Closing Date, whether vested or unvested, shall be cancelled, and (ii) each such Company Warrant shall be replaced with a warrant to purchase shares of Parent Series A-1 Preferred Stock in the form attached hereto as Exhibit E (each, a “Parent Warrant”).
As of the date of this Agreement and immediately after filing the Parent Restated Charter but prior to the Effective Time, there are 19,021,056 outstanding shares of Common Stock, 28,000,000 outstanding shares of Parent Series A Preferred Stock, 47,727,268 outstanding shares of Parent Series A-1 Preferred Stock and no outstanding shares of Parent Series A-2 Preferred Stock.
The authorized capital stock of Parent consists of 200,000,000 shares of Parent Common Stock and 10,000,000 shares of preferred stock, par value $0.01 per share, of Parent, consisting of 2,500,000 shares of Parent Series A-1 Preferred Stock, 2,000,000 shares of Parent Series B Preferred Stock and 5,500,000 shares of Parent Series C Preferred Stock.
To the Knowledge of Parent, no Person that is part of the control group (other than the Company Stockholders) for purposes of Section 368(c) of the Code has, at the Closing, a binding commitment to dispose of Parent Common Stock, Parent Series A-1 Preferred Stock, Parent Series A-2 Preferred Stock, or Parent Series B Preferred Stock.
To the Knowledge of Parent, for purposes of clause (i), no Person that is part of the control group (other than the Company Stockholders) for purposes of Section 368(c) of the Code has, at the Closing, a binding commitment to dispose of Parent Common Stock, Parent Series A-1 Preferred Stock or Parent Series A-2 Preferred Stock.
Prior to the Effective Time, Parent will reserve a sufficient number of shares of Parent Series A-1 Preferred Stock to permit the exercise of the Parent Warrants.