Series C Exchange Ratio definition
Examples of Series C Exchange Ratio in a sentence
Subject to Section 2.4(d), each share of Series C Preferred Stock of Company ("Series C Preferred Stock") issued and outstanding immediately prior to the Effective Time (other than any shares of Series C Preferred Stock to be cancelled pursuant to Section 2.4(b) and any Dissenting Shares) will be cancelled and extinguished and be converted automatically into the right to receive 0.221239 shares of Parent Common Stock (the "Series C Exchange Ratio").
Subject to Section 1.12, each issued and outstanding share of Series C Preferred Stock (other than shares to be canceled in accordance with Section 1.6(b) and any Dissenting Shares to the extent provided in Section 1.9) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive that fraction of a share of Parent Common Stock equal to the Series C Exchange Ratio.
At the Effective Time, each share of Target Series C Preferred Stock issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares) will be automatically converted into the right to receive that number of shares of Acquiror Common Stock equal to the Series C Exchange Ratio, rounded down to the nearest whole share of Acquiror Common Stock.
The Series C Exchange Ratio ----------------------- shall mean the sum of (A) the quotient obtained by dividing $1.6217 by the Parent Price plus (B) the Common Exchange Ratio; provided that such Series C ---- -------- Exchange Ratio shall never be greater than the quotient obtained by dividing $2.50 by the Parent Price.
The exercise price per share of each such assumed Warrant shall be equal to the exercise price of such Warrant immediately prior to the Effective Time, divided by the Series C Exchange Ratio (with any fraction of a cent resulting from such division to be rounded up to the next higher whole cent).