Examples of Series A Preferred Stock Offering in a sentence
The Issuer intends to use the net proceeds from the Common Stock Offering, the Depositary Shares Offering, the Series A Preferred Stock Offering and the Merger Debt Financings, as well as cash on hand, to fund the Merger Consideration and to pay related fees and expenses.
SEI agrees to satisfy the capital commitment obligations described in this Section 3.5 by contributing to the Company 100% of the net proceeds received by SEI in the Series A Preferred Stock Offering (including 100% of the net proceeds received from the exercise by the underwriters of their option to purchase additional shares of Series A Preferred Stock, if any).
Series A Preferred Stock Offering On the Closing Date, in connection with the partial financing of the Merger, the Company issued 1,500,000 shares of newly created Series A Preferred Stock (the “Preferred Stock”) and 480,544 shares of common stock (such shares of common stock, together with the Preferred Stock, the “Shares”) to Falcon Strategic Partners V, LP (“Series A Purchaser”) in a private placement pursuant to the Securities Purchase Agreement with the Series A Purchaser dated June 23, 2016.
Immediately after consummation of any Series A Preferred Stock Offering, the Company will issue a number of Series A Preferred Units to SEI in accordance with Section 3.1 in exchange for SEI’s commitment to contribute the net proceeds of the Series A Preferred Stock Offering to the Company.
Pro forma adjustment reflects the reduction in interest expense associated with the pay down of amounts outstanding under the Line of Credit with the proceeds from the Series A Preferred Stock Offering.
Shareholders' Equity Convertible Series A Preferred Stock Offering For the year ended December 31, 1997, the Company had non-cash preferred dividends of $34,740 reflecting the 8% per annum mandatory preferred dividends of the Series A preferred stock which was originally issued as part of a financing completed in April 1996.
For instance, student achievement test scores for primary school levels do not reflect the same cognitive progression of secondary school levels.
If and to the extent the underwriters exercise any option to purchase additional shares of Series A Preferred Stock in connection with a Series A Preferred Stock Offering, the Company will immediately thereafter issue an equal number of Series A Preferred Units to SEI in exchange for SEI’s commitment to contribute to the Company the net proceeds from the exercise of such option.
Upon the closing of the Series A Preferred Stock Offering, the Company entered into a stock restriction agreement (the “Agreement”) with each of the founders (“Holder”) which provided for the periodic vesting of the Holder’s shares of common stock.
If and to the extent the underwriters exercise their option to purchase additional shares of Series A Preferred Stock in connection with the Series A Preferred Stock Offering, the Company will immediately thereafter issue an equal number of Series A Preferred Units to SEI in exchange for SEI’s commitment to contribute to the Company the net proceeds from the exercise of such option.