Series C-1 Preferred definition

Series C-1 Preferred means the Series C-1 Convertible Preferred Stock, $.01 par value, of the Company (now or hereafter issued).

Series C-1 Preferred means the Company’s Series C-1 Preferred Stock.

Series C-1 Preferred has the meaning set forth in the recitals to this Agreement.

Examples of Series C-1 Preferred in a sentence

• As of the date of this Agreement, (i) the applicable conversion price of the Series A Preferred Stock is $1.8370 per share, (ii) the applicable conversion price of the Series B Preferred Stock is $2.0411 per share, (iii) the applicable conversion price of the Series C Preferred Stock is $1.3855 per share and (iv) the applicable conversion price of the Series C-1 Preferred Stock is $1.3855 per share.

• As of the date of this Agreement, there are 734,992 shares of Common Stock, 500,561 shares of Series A Preferred Stock, 1,501,117 shares of Series B Preferred Stock, 8,375,965 shares of Series C Preferred Stock and no shares of Series C-1 Preferred Stock issued and outstanding.

• The holders of each share of Series C-1 Preferred Stock have the right to one vote for each share of Common Stock into which the Series C-1 Preferred Stock would then be converted.

• The holders of Series C-1 Preferred Stock are entitled, together with the holders of Series C Preferred Stock, to elect one director to the Board of Directors.

• The Series C-1 Preferred Stock are redeemable in three annual installments at a price per share of $0.7709 (subject to adjustment for stock splits, stock dividends, combinations, subdivisions, recapitalizations or the like) at any time after July 1, 2020 upon the written request of the Requisite Holders.

• If the Company is unable to issue SocialFlow Tokens, you may receive the Company’s Series C-1 Preferred Stock or you may also lose the entirety of your investment.

• Instead, you will receive the Company’s Series C-1 Preferred Stock.

• Each share of Series C-1 Preferred Stock is convertible into one share of Common Stock, but the conversion ratio is subject to adjustment for certain dilutive issuances, splits and combinations.

• Prior to conversion into SocialFlow Tokens or Series C-1 Preferred Stock, you will not be deemed a holder of shares of the Company for any purpose, nor will anything be construed to confer on you any of the rights of a shareholder of the Company.

• You will be required to comply with applicable securities laws with respect to resales of such SocialFlow Tokens or Series C-1 Preferred Stock, which includes a one-year holding period for resales pursuant to Rule 144 of the Securities Act.

More Definitions of Series C-1 Preferred

Series C-1 Preferred means the Series C-1 Preferred Stock of the Company. Other capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Purchase Agreement.

Series C-1 Preferred means the Company’s No Par Value Series C-1 Convertible Preferred Stock.