Examples of Victory Common Stock in a sentence
As soon as practicable following the Closing, Victory will solicit the holders of certain warrants to purchase Victory Common Stock that were previously issued and have since expired, and issue up to 2,827,515 new warrants to such holders in exchange for a release by such holders of any and all claims against Victory.
Subject to and upon the terms and conditions set forth in this Agreement, at the Effective Time, Victory will cause its transfer agent to issue to the H2EG Stockholders the shares of Victory Common Stock constituting the Merger Consideration in exchange for outstanding shares of H2EG Capital Stock.
No dividends or other distributions with respect to Victory Common Stock with a record date after the Effective Time will be paid to the holder of any Chucktaylor Common Stock with respect to the shares of Victory Common Stock issuable upon exchange thereof, and no cash payment in lieu of fractional shares will be paid to any such holder pursuant to Section 1.07, until, in each case, the exchange of such Chucktaylor Common Stock in accordance with this Article I.
For the avoidance of doubt and by way of example, if 60% of the full amount ($3,000,000) is raised in the Financing, then the Investor Percentage will decrease by 40% to 9% of the issued and outstanding Victory Common Stock on a fully-diluted basis, the H2EG Percentage will increase to 76% of the issued and outstanding Victory Common Stock on a fully-diluted basis and the Victory Percentage will remain at 15% of the issued and outstanding Victory Common Stock on a fully-diluted basis.
Section 8.01(f) of the Merger Agreement provides that DGC and DGNB may terminate the Merger Agreement if dissenters' rights are exercised with respect to more than ten percent (10%) of the Victory Common Stock.
All issued and outstanding shares of Victory Common Stock have been duly authorized and validly issued and are fully paid and nonassessable.
Subject to Section 1.07, each issued and outstanding share of Chucktaylor Common Stock (other than shares to be canceled in accordance with Section 1.03(b)) will be converted into the right to receive that number of fully paid and nonassessable shares of Victory Common Stock equal to the Exchange Ratio.
Chucktaylor hereby agrees to promptly notify Victory in writing of the number of any additional shares of Victory Common Stock or other shares of capital stock of Victory acquired by Chucktaylor or of which Chucktaylor becomes the beneficial owner, if any, after the date hereof.
No gain or loss will be recognized by the shareholders of Victory upon their receipt of DGC Common Stock (including fractional share interests to which they may be entitled) solely in exchange for their Victory Common Stock (Code section 354(a)(1)).
As of August 31, 1997, there were 817,749 shares of Victory Common Stock issued and outstanding, held by approximately ___ holders of record.