Reverse Stock Split Shareholder Approval definition

Reverse Stock Split Shareholder Approval means such approval as may be required by the laws of the State of Delaware from the shareholders of the Company with respect to a Reverse Stock Split at the discretion of the Board of Directors for at least a 1:8 reverse split.

Examples of Reverse Stock Split Shareholder Approval in a sentence

  • The Company shall use its reasonable best efforts to obtain such Reverse Stock Split Shareholder Approval.

  • If the Company does not obtain Reverse Stock Split Shareholder Approval at the first meeting, the Company shall call a meeting every four months thereafter to seek Reverse Stock Split Shareholder Approval until the earlier of the date Reverse Stock Split Shareholder Approval is obtained or the Securities are no longer outstanding.

  • In addition, at the special meeting of the stockholders on April 15, 2019, held for the purpose of obtaining Reverse Stock Split Shareholder Approval, with the recommendation of the Company’s Board of Directors that such proposals be approved, the Company shall solicit proxies from its shareholders in connection therewith in the same manner as all other management proposals in such proxy statement and all management-appointed proxyholders shall vote their proxies in favor of such proposal.

  • If the Company does not obtain Reverse Stock Split Shareholder Approval at the first meeting, the Company shall undertake all steps under its control to call a meeting every 45 days thereafter to seek Reverse Stock Split Shareholder Approval until the earlier of (i) the date Reverse Stock Split Shareholder Approval is obtained or (ii) the Preferred Stock and Warrants are no longer outstanding.

  • The Company covenants to use its best efforts to effect a Reverse Stock Split promptly following Reverse Stock Split Shareholder Approval, provided that, in the event of the Board of Directors determines in good faith within 30 days following Reverse Stock Split Shareholder Approval that a Reverse Stock Split is not required in order for the Company to comply with all of the continued listing requirements of the Nasdaq Stock Market, the Company’s covenant in this sentence shall not be applicable.

  • If the Company does not obtain Shareholder Approval and/or Reverse Stock Split Shareholder Approval at the first meeting, the Company shall call a meeting every 45 days thereafter to seek Shareholder Approval and/or Reverse Stock Split Shareholder Approval until the earlier of the date Shareholder Approval and Reverse Stock Split Shareholder Approval are obtained or the Preferred Stock is no longer outstanding.

  • The Company covenants to use its best efforts to effectuate the Reverse Stock Split promptly following Reverse Stock Split Shareholder Approval.

  • If the Company does not obtain Reverse Stock Split Shareholder Approval at the first meeting, the Company shall call a meeting every four months thereafter to seek Reverse Stock Split Shareholder Approval until the earlier of the date Reverse Stock Split Shareholder Approval is obtained or the Warrants are no longer outstanding.

  • Beyond mere showing up, there is a lack of follow-through that is well-established.

  • If the Company does not obtain Shareholder Approval and/or Reverse Stock Split Shareholder Approval at the first meeting, the Company shall undertake all steps under its control to call a meeting every 45 days thereafter to seek Shareholder Approval and/or Reverse Stock Split Shareholder Approval until the earlier of the date Shareholder Approval and Reverse Stock Split Shareholder Approval are obtained or the Preferred Stock is no longer outstanding.

Related to Reverse Stock Split Shareholder Approval

  • Company Shareholder Approval has the meaning set forth in Section 4.03(d).

  • Parent Shareholder Approval means the affirmative vote of the holders of a majority of the votes cast by holders of outstanding shares of Parent Stock on the proposal to approve the issuance of Parent Stock as provided in this Agreement at the Parent Special Meeting.

  • Company Stockholder Approval has the meaning set forth in Section 4.2(b).

  • Required Shareholder Approval has the meaning in Section 2.20.

  • Shareholder Approval Date means the date on which this Plan is approved shareholders of the Company eligible to vote in the election of directors, by a vote sufficient to meet the requirements of Code Sections 162(m) (if applicable) and 422, Rule 16b-3 under the Exchange Act (if applicable), applicable requirements under the rules of any stock exchange or automated quotation system on which the Shares may be listed on quoted, and other laws, regulations and obligations of the Company applicable to the Plan.

  • Requisite Stockholder Approval has the meaning set forth in Section 3.2.

  • Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

  • Stockholder Approval Date means the date on which Stockholder Approval is received and deemed effective under Delaware law.

  • Parent Stockholder Approval means the approval of the Parent Common Stock Issuance by the affirmative vote of a majority of the votes cast at the Parent Stockholders Meeting in accordance with the rules and regulations of the NYSE and the Organizational Documents of Parent.

  • Stockholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity) from the stockholders of the Company with respect to issuance of all of the Warrants and the Warrant Shares upon the exercise thereof.

  • Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Company’s Voting Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the amendment of the Company’s amended and restated articles of incorporation to increase the number of authorized shares of Common Stock to 150,000,000 shares.

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Reverse Stock Split Date means the first date following the Issue Date on which a reverse stock split of the Common Stock is approved and deemed effective.

  • Authorized Share Approval means approval of the Amendment by the shareholders of the Company.

  • Shareholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity) from the shareholders of the Company with respect to the transactions contemplated by the Transaction Documents, including the issuance of all of the Underlying Shares in excess of 19.99% of the issued and outstanding Common Stock on the Closing Date.

  • Stock Split means any kind of stock split in relation to the Shares, including a free share distribution to the holders of Shares, a stock dividend or a sub-division of Shares;

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Reverse Split has the meaning set forth in Section 5.21.

  • Required Company Stockholder Vote shall have the meaning set forth in Section 2.5.

  • Company Shareholder Meeting means a duly convened meeting of the Company’s shareholders called to obtain the Company Shareholder Approval, or any valid adjournment or postponement thereof made in accordance with this Agreement.

  • Fully Diluted Share Number means the aggregate sum of: (i) the number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time; (ii) the number of shares of Company Common Stock issuable upon the voluntary conversion of all of the shares of Company Preferred Stock issued and outstanding immediately prior to the Effective Time into Company Common Stock and (iii) the number of shares of Company Common Stock issuable upon exercise of all Stock Options.

  • Shareholder Rights Plan means the amended and restated shareholder rights plan agreement dated as of November 10, 2015 between Parent and American Stock Transfer and Trust Company, LLC, as rights agent, as amended and restated as of April 18, 2016, as further amended, restated, succeeded or replaced from time to time, and any similar plan adopted from time to time;

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Company Stockholder Meeting means the meeting of the holders of shares of Company Common Stock for the purpose of seeking the Company Stockholder Approval, including any postponement or adjournment thereof.

  • Company Shareholders Meeting shall have the meaning set forth in Section 5.2(b).

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.