Preferred B Shares definition
Examples of Preferred B Shares in a sentence
There are currently 87,365.85 MailKey Ordinary Shares outstanding, 94,387 MailKey Preferred A Shares outstanding, and 68,247.15 MailKey Preferred B Shares outstanding, all of which are owned by the shareholders identified on SCHEDULE 1.3(B).
The authorized capital stock of MailKey consists solely of 4,700,000 Ordinary Shares, 150,000 Preferred A Shares and 150,000 Preferred B Shares.
The MailKey Preferred A Shares, MailKey Preferred B Shares and MailKey Ordinary Shares have the rights and preferences set forth in the Articles of Association.
Notwithstanding the foregoing, the Company will not advance payments to holders of Ordinary Shares, Preferred A Shares and/or Preferred B Shares to address the fact that they will no longer receive a "pass through" of losses generated by the Company as they have while owning units of Check-Cap LLC.
The initial Conversion Price per each Preferred Share shall be its Original Issue Price, provided, however, that the Conversion Price for the Series A1 Preferred Shares shall be subject to adjustment as set forth in subarticles 9(c), 9(d) and 9(e) and the Conversion Price for the Ordinary Preferred A Shares and Ordinary Preferred B Shares shall be subject to adjustment as set forth in subarticles 9(d) and 9(e).