Examples of Reverse Stock Split Amendment in a sentence
JX 456 Ex. C at 2 (identifying as a failure of authorization the failure to “include an exception for the Common Stock Reverse Stock Split Amendment from the provisions that would otherwise adjust the number of shares of Common Stock into which [the Series A Preferred] is convertible”).could be converted.
The Combination cannot be completed unless the McDermott stockholders approve the McDermott Stock Issuance and either the McDermott Reverse Stock Split Amendment Resolution or the McDermott Authorized Capital Articles Amendment Resolution.
Pursuant to the Reverse Stock Split Amendment, every three shares of Common Stock issued and outstanding immediately prior to the effective time of the Reverse Stock Split were converted into one share of Common Stock, par value $0.003 per share.
If the chair’s two-year term is ending at the close of an academic year, the existing committee members will elect a new chair who will be a continuing member of the committee to provide continuity.
Procedure for Implementing the Reverse Stock SplitThe Reverse Stock Split will become effective upon the filing or such later time as specified in the filing (the “Effective Time”) of the Reverse Stock Split Amendment with the Delaware Secretary of State.
Notwithstanding the foregoing, the holders of shares of Special Voting Preferred Stock shall be entitled to vote together with the holders of the Company’s Voting Capital Stock as a single class, with each share of Special Voting Preferred Stock on the applicable record date entitled to 75,000 votes per share, on the Reverse Stock Split Amendment.
The Board reserves the right to abandon the Reverse Stock Split Proposal without further action by our stockholders at any time before the Reverse Stock Split Effective Time, even if stockholders approve the Reverse Stock Split Amendment at the Special Meeting.
In some (hopefully rare) cases, a simulation will fail to complete.
The exact timing of the filing of the Reverse Stock Split Amendment and the ratio of the Reverse Stock Split (within the approved range) will bedetermined by our Board of Directors based on its evaluation as to when such action and at what ratio will be the most advantageous to the Company and our stockholders.
When the Company obtains the Stockholder Approval, the Company shall file the Reverse Stock Split Amendment with the State of Delaware as soon as practicable, but in no event later than one (1) Business Day following the Stockholder Approval.