Examples of Preferred A-1 Shares in a sentence
Each of the Company, MTS and the Merger Sub shall take all necessary action on its part such that the issuance of MTS Ordinary Shares, MTS New Preferred A-1 Shares, MTS New Preferred B Shares, MTS Options and MTS Warrants in the Merger shall validly qualify for an exemption from registration and prospectus delivery requirements of the Securities Act and the equivalent state “blue-sky” laws and equivalent provisions under applicable Law.
The MTS Ordinary Shares, MTS New Preferred A-1 Shares and MTS New Preferred B Shares to be issued in the Merger will, when issued in accordance with the provisions of this Agreement, be validly issued, fully paid and nonassessable.
As of the date of this Agreement, there are 48,895 Company Ordinary Shares issued and outstanding, 92,089 Company Ordinary A Shares issued and outstanding, 198,725 Company Preferred A Shares issued and outstanding, 54,200 Company Preferred A-1 Shares issued and outstanding, 253,952 Company Preferred B Shares issued and outstanding, and 95,587 Company Preferred B-1 Shares issued and outstanding.
All (i) issued and outstanding Ordinary Shares, Preferred A Shares, Preferred A-1 Shares, Preferred B Shares, Preferred C-1 Shares, Preferred C-2 Shares, Preferred D-1 Shares, Preferred D-2 Shares, Preferred D-3 Shares and Preferred D-5 Shares have been duly authorized and validly issued, are fully paid and nonassessable and are not subject to preemptive rights and (ii) outstanding warrants have been duly authorized and validly issued, are fully paid and are not subject to preemptive rights.
The registered share capital of the Company is One Hundred Thousand New Israeli Shekels (NIS 100,000) divided into: (i) Five Million Five Hundred Thousand (5,500,000) Ordinary Shares each of a nominal value of One Agorah (NIS 0.01); (ii) Three Million Five Hundred Thousand (3,500,000) Preferred A Shares each of a nominal value of One Agorah (NIS 0.01); and (ii) One Million (1,000,000) Preferred A-1 Shares each of a nominal value of One Agorah (NIS 0.01).
Qualigen will fully cooperate with Nxxx and shall perform such acts and execute such documents as may be necessary to carry out the forfeiture of the Preferred A-1 Shares under Sections 4 and 5.
Common Shares: 147,000,000 Preferred A Shares: 21,213,073 Preferred A-1 Shares: 23,098,680 Preferred B Shares: 9,773,153 Preferred C-2 Shares: 5,988,089 Address: 2F., Xx.00-0, Xx. 05, Sec.
There are issued and outstanding 22,933,765 shares of Company Ordinary Shares, 9,457,237 shares of Preferred A-1 Shares, 877,192 shares of Preferred A-2 Shares, 1,439,144 shares of Preferred A-3 Shares, 14,723,198 shares of Preferred B Shares, and 3,326,956 shares of Preferred B-1 Shares.
On even date herewith, the Company shall send, by facsimile or by hand, a notice of a single class meeting to all of the holders of the Company's Preferred A-1 Shares, Preferred A-3 Shares, Preferred B Shares and the Preferred C Shares, to vote, pursuant to Article 12.4.2 of the Company's Articles of Association, as a single class, on effecting the "Deemed Liquidation" (as defined in the Company's Articles of Association) in accordance with the transactions contemplated hereby.
Prior to the date of said meeting, the Company will use reasonable commercial efforts to receive unanimous written consent of all of the holders of the Company's the Preferred A-1 Shares, Preferred A-3 Shares, Preferred B Shares and the Preferred C Shares, with respect to the effecting of a "Deemed Liquidation.