Series B-1 definition
Examples of Series B-1 in a sentence
As of the close of business on the date of this Agreement, (i) 22,561,639 shares of Company Common Stock were issued and outstanding, (ii) no shares of Company Common Stock were held in the treasury of the Company or by Subsidiaries of the Company, (iii) 4,084,350 shares of Company Series A Preferred Stock were issued and outstanding, (iv) 20,000 shares of Company Series B Preferred Stock were issued and outstanding, and (v) no shares of Company Series B-1 Preferred Stock were issued and outstanding.
The Series B-1 Convertible Note issued by Merlin Software Technologies International, Inc.
The Series A Preferred, Series A-1 Preferred, Series B Preferred, Series B-1 Preferred, Series C Preferred, and Series C-1 Preferred shall have the rights, preferences, privileges and restrictions set forth in the Charter.
If the outstanding shares of Series B-1 Preferred Stock are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Exercise Price shall be proportionately increased and the number of Shares shall be proportionately decreased.
The form of Certificate of Designation (“COD”) for the Series B1 Preferred Stock, and the Warrant Agreement for the Warrants are attached as Exhibit B and C respectively and all references to their terms are qualified in their entirety by reference to said exhibits.
ABA No.: ▇▇▇▇▇▇▇▇▇ Ref: Series B1 Units; Account No.: 8788010547 or (z) by agreeing to accept Units for funds previously advanced to the Company or other amounts due Subscriber from Company.
Series A Preferred Shares, Series A-1 Preferred Shares, Series B Preferred Shares, Series B-1 Preferred Shares, and Series C Preferred Shares are referred to collectively herein as “Preferred Shares”.
The Corporation shall, as soon as practicable thereafter, issue and deliver at such office to such holder of Series B-1 Preferred Stock, or to the nominee or nominees of such holder, a certificate or certificates for the number of shares of Common Stock to which such holder shall be entitled as aforesaid.
The shares of Series B-1 Preferred Stock shall not be redeemable.
For purposes of the forgoing, the “Charter” shall mean the Certificate of Incorporation as amended and /or restated and effective immediately prior to the redemption or conversion of all of the Company’s Series B-1 Preferred Stock.