Examples of Series B-2 common stock in a sentence
As of the date of this Subscription Agreement, E2open Parent’s certificate of incorporation authorizes the issuance of 2,554,000,000 shares, consisting of (i) 1,000,000 shares of preferred stock, par value $0.0001 per share; (ii) 2,500,000,000 Shares; (iii) 9,000,000 shares of Series B-1 common stock, par value $0.0001 per share; (iv) 4,000,000 shares of Series B-2 common stock, par value $0.0001 per share; and (v) 40,000,000 shares of Class V common stock, par value $0.0001 per share.
There were 3,372,184 shares of Series B-2 common stock outstanding as of August 31, 2023 and February 28, 2023.
The Series B-2 common stock will automatically convert into Class A Common Stock on a one-to-one basis upon the occurrence of the first day on which the 20-day VWAP is equal to at least$15.00 per share; provided, however, that the reference to $15.00 per share shall be decreased by the aggregate per share amount of dividends actually paid in respect of a share of Class A Common Stock following the closing of the Business Combination.
As of the Closing Date, the authorized capital stock of the Company will consist of 72,000 shares of Series B-1 common stock, par value 1 Mexican currency per share, and 70,504,292 shares of Series B-2 common stock, par value 1 Mexican currency per share, all of which shares will be issued and outstanding.
If any of the Series B-2 common stock do not vest on or before the 10-year anniversary of the Closing Date, such common stock will be canceled for no consideration.
The contingent consideration liability is due to the issuance of Series B-2 common stock and Series 2 RCUs of E2open Holdings as part of the Business Combination.
DOCUMENTED WITH SIGN IN SHEETS, CONTENT FOR MEETINGS COMES FROM MANAGER MEETINGS, FILED AND DOCUMENTED EACH MONTH.