Examples of Preferred Stock in a sentence
Such representation and warranty shall survive the deposit of the Preferred Stock and the issuance of Receipts evidencing the Depositary Shares.
The Preferred Stock Directors shall each be entitled to one vote per director on any matter.
For the avoidance of doubt, the Board of Directors or any duly authorized committee thereof may, without the vote of the Holders, authorize and issue additional shares of Junior Stock or shares of any class or series of stock of the Company now existing or hereafter authorized that ranks equally with the Series CC Preferred Stock in the payment of dividends or in the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the Company.
As of the date hereof, the authorized capital stock of the Company consists of: (i) 2,500,000,000 shares of the Common Stock, par value $0.0001 per share; and, (ii) 20,000,000 shares of Preferred Stock, par value $0.0001 All of such outstanding shares have been, or upon issuance will be, validly issued and are fully paid and nonassessable.
As of May 24, 2024 (the “Reference Date”), (i) 14,261,434 Shares were outstanding (including 195,900 Restricted Shares), and (ii) no shares of Series A Preferred Stock were outstanding.