Preferred Stock Exchange Ratio definition

Preferred Stock Exchange Ratio means, with respect to each share of Legacy Nuburu Preferred Stock, the number of shares of Common Stock which a share of such series of Preferred Stock was cancelled and converted into pursuant to the applicable provisions of the Business Combination Agreement. Pursuant to the Business Combination Agreement, each share of Legacy Nuburu Preferred Stock issued and outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive the number of shares of Common Stock equal to the greater of (A) the quotient obtained from (x) the applicable Preferred Stock Liquidation Preference of such share of Legacy Nuburu Preferred Stock divided by (y) $10.00, and
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Preferred Stock Exchange Ratio means 10,000 shares of Parent Class A Preferred Stock divided by the number of shares of SpinCo Class C Preferred Stock issued and outstanding immediately prior to the Effective Time, subject to adjustment as set forth herein.
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Preferred Stock Exchange Ratio means the quotient of (i) the product of (x) the number of outstanding shares of Latch Common Stock as of the date hereof multiplied by (y) 4.21% divided by (ii) the total number of shares of HDW Preferred Stock outstanding as of the date hereof.
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Examples of Preferred Stock Exchange Ratio in a sentence

  • The Carpatsky Common Stock Exchange Ratio, the Carpatsky Preferred Stock Exchange Ratio and the Xxxxx Preferred Stock Exchange Ratio are referred to herein collectively as the "Exchange Ratios".

  • Equitex shall issue to each holder of Company Common Stock (other than holders of shares extinguished pursuant to Section 1.3(c)) the number of shares of Equitex Common Stock and Series L Preferred Stock equal to the number of shares of Company Common Stock held by such shareholder multiplied by the Common Stock Exchange Ratio and Preferred Stock Exchange Ratio, respectively.

  • Subject to Sections 3.2, 3.6 and 3.7(g) hereof, each full share of Lanxide Series A Preferred Stock shall be converted into and become that number of validly issued, fully paid and nonassessable shares of Commodore Common Stock as shall be equal to the Preferred Stock Exchange Ratio.

  • The Preferred Stock Exchange Ratio shall be adjusted in certain instances as provided in Section 5.4(a)(iv).

  • Additionally, if the Corporation issues any Parity Stock during the 12 months after the Original Issue Date, which Parity Stock is exchangeable for Magellan Preferred Stock and has an exchange ratio therefor that is more favorable to the holder(s) of such Parity Stock than the Preferred Stock Exchange Ratio, then the Preferred Stock Exchange Ratio shall be automatically adjusted to be equal to such more favorable exchange ratio.


More Definitions of Preferred Stock Exchange Ratio

Preferred Stock Exchange Ratio means, as applicable, with respect to each series of Company Preferred Stock, the number of shares of New SPAC Common Stock which a share of such series of Company Preferred Stock is to be cancelled and converted into the right to receive pursuant to Section 3.01(a)(i).
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Preferred Stock Exchange Ratio means the quotient obtained by dividing SIX HUNDRED THOUSAND (600,000) by the number of shares of Company Series A Preferred Stock outstanding immediately prior to the Effective Time.
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Preferred Stock Exchange Ratio means seven and one hundred four hundredths (7.104) shares representing the number of shares of Commodore Common Stock into which each full share of Lanxide Series A Preferred Stock shall be converted at the Effective Time of the Merger, before giving effect to the Commodore Reverse Stock Split, (which ratio was derived by multiplying (a) the fraction of a share of Lanxide Common Stock into which the Lanxide Series A Preferred Stock is convertible by its terms by (b) the Common Stock Exchange Ratio).
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Preferred Stock Exchange Ratio means 0.25.
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Preferred Stock Exchange Ratio means (rounded up to ten decimal places) the difference between the As-Converted Exchange Ratio and the Common Stock Exchange Ratio.
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Preferred Stock Exchange Ratio means 0.007819, subject to adjustment pursuant to Section 1.7(e).
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Preferred Stock Exchange Ratio means the fraction which has a numerator of 1,527,389 and the denominator which is the number of outstanding common shares of Farequest as of immediately prior to the Effective Time.
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