Examples of Series B Issue Price in a sentence
As long as shares of Series B Preferred Stock remain outstanding, each holder of shares of Series B Preferred Stock are entitled to receive, and shall be paid quarterly in arrears, in cash out of funds legally available therefor, cumulative dividends, in an amount equal to 7.0% of the Series B Issue Price per share per annum with respect to each share of Series B Preferred Stock.
The dividends may, at our option, be paid in shares of Series B Preferred Stock valued at the Series B Issue Price.
The Dividend Rates herein are expressed as percentages of the original issue price of $2.0222 for each Series B Preferred Share (as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations, reclassifications or the like) (the "Original Series B Issue Price").
Each share of Series B Preferred Stock is convertible into the number of shares of common stock as calculated by multiplying the number of shares of Series B Preferred Stock to be converted by the Series B Issue Price, and dividing the result thereof by the conversion price.
The conversion price was initially $682.50 per share of Series B Preferred Stock, subject to adjustment; therefore, each share of Series B Preferred Stock was initially convertible into 0.03 shares of common stock, which number is equal to the quotient of the Series B Issue Price of $19.50 divided by the initial conversion price of $682.50 per share of Series B Preferred Stock.