Examples of Series 4 Preferred Stock in a sentence
Rights and Limitations of Series 4 Preferred Stock (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K, filed on April 5, 2010).
The conversion of the Series 4 Preferred Stock would result in the issuance of an additional 21,870,240 shares of Common Stock, or an additional 21,323,484 votes, to the former holders of Series 4 Preferred Stock.• The conversion of the Series 4 Preferred Stock would provide the holders of the Series 4 Preferred Stock with shares of Common Stock that offer greater liquidity due to the listing of the Common Stock on the NASDAQ Stock Market.
The effects of the conversion of the Series 4 Preferred Stock include the following:• The voting power of the current holders of the Common Stock would be diluted by the conversion of the Series 4 Preferred Stock into shares of Common Stock.
Accordingly, holders of Series 4 Preferred Stock currently have 546,756 votes for any matter for which they are eligible to vote.
The Series 4 Preferred Stock has one vote per share and generally votes with the Common Stock on a one share to one share basis.