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.