Examples of Series D Convertible Preferred Stock in a sentence
During the year ended December 31, 2016, the Company also issued 30,000,000 shares of Series D Convertible Preferred Stock in exchange for the return and cancellation of 30,000,000 shares of restricted common stock from Power Clouds Holdings Pte.
If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series D Convertible Preferred Stock.
The filing fee has been calculated in accordance with Rule 0-11 under the Exchange Act and is equal to 1/50 of one percent of the aggregate value of the consideration to be received by the issuer, which consists of a cash payment of $81,100,000 and the transfer of 75,000 shares of the issuer's Series D Convertible Preferred Stock, valued at an aggregate of $15,789,473.68 (or approximately $210.53 per share).
The defendants moved to dismiss the plaintiffs’ claims, arguing among other things that “the act of preparing and distributing these documents could not have been an ERISA fiduciary action,” and that the SPD did not “expressly incorporate any of the disclosures that form the basis for plaintiff's misrepresentation claims.” Id. The court found that because the S-8 forms and the prospectus “were required only by federal securities laws, not by ERISA” they were not actionable under ERISA.
The dividend attributable to our Series D Convertible Preferred Stock held by our ESOP (employee stock ownership plan) is net of a tax benefit.