Examples of Series B in a sentence
Any purported conversion (and delivery of shares of Common Stock upon conversion of the Series B Convertible Preferred Stock) will be void and have no effect to the extent, but only to the extent, that such conversion and delivery would result in any Holder becoming the Beneficial Owner of shares of Common Stock outstanding at such time in excess of the Beneficial Ownership Limitation.
The issuance of certificates for shares of Common Stock upon conversion of shares of Series B Convertible Preferred Stock pursuant to this Certificate of Designations shall be made without payment of additional consideration by, or other charge, cost or tax to, the Holder in respect thereof.
Interpretation 21 Exhibits Exhibit A: Form of Series B Convertible Preferred Stock Certificate of Designations Exhibit B: Form of Amendment to Investor Rights Agreement SUBSCRIPTION AGREEMENT, dated as of August 4, 2024 (this “Agreement”), by and between Lucid Group, Inc., a Delaware corporation (the “Company”), and the investor(s) on the signature page hereto (the “Investor”).
For the avoidance of doubt, the adjustments provided in this Section 7.7 may not result in the Holders exceeding the Beneficial Ownership Limitation or, until such time as the Requisite Stockholder Approval has been obtained, the Conversion Share Cap per share of Series B Convertible Preferred Stock.
Any such Optional Redemption in part shall be for a whole number of shares of Series B Convertible Preferred Stock.