PTI Common Stock definition
Examples of PTI Common Stock in a sentence
The CVRs shall be issued and distributed by PTI, after the Merger, to the Persons who as of immediately prior to the Effective Time are stockholders of record of PTI or have the right to receive PTI Common Stock as of immediately prior to the Effective Time, as contemplated by the Merger Agreement.
The Subject PTI Common Stock is duly authorized, validly issued, fully paid and non-assessable common stock of PTI.
In lieu of the issuance of fractional shares of SCB Common Stock, each PTI Shareholder, upon surrender of a certificate which immediately prior to the Effective Time represented PTI Common Stock, shall be entitled to receive a cash payment (without interest) equal to the fair market value of any fraction of a share of SCB Common Stock to which such holder would be entitled under Section 3.1, but for this provision.
The parties desire to exchange newly issued shares of PTI Common Stock for the Subject AMSC Common Stock.
SuperShuttle shall not be obligated to deliver the consideration to which any Shareholder is entitled as a result of the Merger until such Shareholder surrenders his or her certificate or certificates representing the shares of PTI Common Stock to be exchanged.
PTI will pay any transfer or similar taxes, but will not pay any income taxes, required by reason of the issuance of a certificate representing shares of PTI Common Stock provided that such certificate is issued in the name of the Record Holder of the Certificate surrendered in exchange therefor.
This Agreement, the Merger and the other transactions contemplated by this Agreement shall have been duly adopted and approved by the Required Equityholder Vote and the Required Company Stockholder Vote, and this Agreement, the Contemplated Transactions, the issuance of PTI Common Stock, the change of control for NASDAQ purposes, and the Reverse Split shall have been duly approved by the Required PTI Stockholder Vote.
PTI shall use its commercially reasonable best efforts to cause the shares of PTI Common Stock being issued in the Merger to be approved for listing (subject to notice of issuance) on The Nasdaq Global Market or The Nasdaq Capital Market at or prior to the Effective Time.
PTI shall be entitled to place appropriate legends on the certificated and non-certificated book entries evidencing any PTI Common Stock to be received by equity holders of the Company who may be considered “affiliates” of PTI for purposes of Rules 144 and 145 under the Securities Act reflecting the restrictions set forth in Rules 144 and 145 and to issue appropriate stop transfer instructions to the transfer agent for PTI Common Stock.
Quantum understands and acknowledges that there is no established market for the Subject AMSC Common Stock, and that if there was such, the value of the Subject AMSC Common Stock could be in excess of the value of the Subject PTI Common Stock.