Examples of Preferred A-2 Shares in a sentence
Please refer to the Previous Announcement for details of the subscription of 958 Preferred A2 Shares.
Engel, 2012VT 101, ¶ 19, 193 Vt. 19, 71 A.3d 1124 (similarly concluding that “[g]iven the significant passage of time” since prior hearing, trial court on remand “should conduct an additional evidentiary hearing to assess the current best interests of the children”).
On 27 July 2011, PowerMat additionally issued 94,842 Preferred A2 Shares to Cyber Vision by way of bonus issue.
SHAREHOLDINGS IN POWERMAT As at the date of this announcement and immediately before Closing, PowerMat has (i) 1,183,400 ordinary shares; (ii) 1,173,400 preferred A1 shares; (iii) 798,538 Preferred A2 Shares; and (iv) 1,040,968 Preferred B Shares; and (v) 525,000 special preferred shares in issue.
As a result, Cyber Vision currently holds 95,800 Preferred A2 Shares as at the date of this announcement.
During 2017, the convertible notes were converted into 130,434 Preferred A-2 Shares.
Accordingly, the convertible notes were classified as debt and was measured at its fair value, pursuant to the provisions of ASC 480-10, “Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity.” The fair value of the convertible note was measured based on observable inputs as the fixed monetary value of the variable number of Preferred A-2 Shares to be issued upon conversion (Level 2 measurement).
The authorized share capital of the Company is NIS 1,002,120 divided into (i) 99,050,500 Ordinary Shares; (ii) 840,000 Preferred Seed Shares; (iii) 52,000 Preferred A-1 Shares; (iv) 16,500 Preferred A-2 Shares; (v) 181,000 Preferred A-3 Shares; and (vi) 72,000 Preferred A-4 Shares.
Notwithstanding the foregoing, in the event a Preferred A2 Share would receive a greater amount of proceeds at Closing pursuant to this Section 1.2(b) if all Preferred A2 Shares were deemed to convert to Ordinary Shares pursuant to the Articles, then the amount the Paying Agent shall pay at Closing to each Shareholder holding Preferred A2 Shares shall be an amount equal to the Ordinary Share Amount multiplied by the number of Preferred A2 Shares held by such Shareholder.
The convertible notes did not bear interest and were convertible into Preferred A-2 Shares of the Company, according to the conditions set in the BFA.