Examples of Series A Preferred Stock in a sentence
Notwithstanding the foregoing, the Corporation agrees that absent a change in applicable law, (i) no U.S. federal withholding shall apply to a conversion of the Series A Preferred Stock into Common Stock pursuant to the terms hereof and (ii) it will not treat the Series A Convertible Preferred Stock as “preferred stock” within the meaning of Section 305 of the Internal Revenue Code of 1986, as amended, and U.S. Treasury Regulations Section 1.305-5.
SIBED has 30 shares of Special 2021 Series A Preferred Stock authorized and issued and outstanding.
The Company hereby agrees that there shall be reserved for issuance and delivery upon conversion of Series A Preferred Stock such number of Class A Common Stock into which such Securities shall then be convertible into.
The rights and preferences of the Series A Preferred Stock are as set forth in the Amended and Restated Certificate of Incorporation and any description of the Securities that appears in the Offering Materials is qualified in its entirety by such document.
As of the date hereof, the authorized capital stock of the Company consists of 1,500,000,000 authorized shares of Common Stock, $0.001 par value per share, of which 412,924,141 shares are issued and outstanding, and 500,000,000 authorized shares of preferred stock, $0.001 par value per share, 250,000,000 shares of which are designated Series A Preferred Stock and 250,000,000 shares of which are designated Series B Preferred Stock.