Examples of Series B-1 common stock in a sentence
Each share of Series B-1 common stock will vest the first date on which the daily volume-weighted averages sale price of one (1) share of Class A Common Stock of the Issuer is greater than or equal to $12.00 for any twenty (20) trading days (which may or may not be consecutive) within one thirty (30) consecutive trading day period during the period commencing five (5) months after the Closing Date and ending on the fifth (5th) anniversary of the Closing Date.
The shares of Series B-1 common stock were issued pursuant to the Business Combination Agreement and in connection with the closing of the Business Combination and represent unvested interests in the Issuer.
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The Series B-1 common stock represent unvested, non-voting interests in the Issuer.
The shares of Series B-1 common stock automatically convert into Common Stock on a one-for-one basis upon the five-day volume weighted average trading price of the Common Stock exceeding $13.50 per share (subject to adjustment).
Accordingly, the Common Stock underlying the shares of Series B-1 common stock have been excluded from the Reporting Persons’ beneficial ownership as reported herein.
Each share of Series B-1 common stock will vest the first date on which the daily volume-weighted averages sale price of one (1) share of Class A Common Stock of the Issuer is greater than or equal to $14.00 for any twenty (20) trading days (which may or may not be consecutive) within one thirty (30) consecutive trading day period during the period commencing five (5) months after the Closing Date and ending on the fifth (5th) anniversary of the Closing Date.
The reported 4,000 shares of Series B-1 common stock and 4,000 shares of Series B-2 common stock were acquired by the Reporting Person on July 22, 2022, in a Rule 16b-3 exempt exchange for securities of CC Neuberger SPAC II, pursuant to the Business Combination Agreement, dated December 9, 2021, by and among the Sponsor, the Issuer, Griffey Global Holdings, Inc.
Each share of Series B-1 common stock will vest the first date on which the the daily volume weighted average price of the Issuer's Class A common stock is greater than or equal to $12.50 for a period of at least 20 days out of 30 consecutive days on which shares of the Class A common stock are actually traded on the New York Stock Exchange ("NYSE").
In connection with the Domestication, the Reporting Person's Class B ordinary shares, par value $0.0001 per share, of CCNB1, which were previously convertible into Class A ordinary shares of CCNB1, were automatically converted into shares of Class A common stock of E2open, par value $0.0001 per share, on a one-for-one basis, other than 8,143 Class A ordinary shares that automatically converted into shares of Series B-1 common stock of E2open, par value $0.0001 per share, on a one-for-one basis.