Examples of Series B Preferred Shares in a sentence
The Series B Preferred Shares may be converted into common shares of the Company at the ratio of one Series B Preferred Share for each common share of the Company at the sole discretion of the Company.
These Series B Preferred Shares were cancelled at February 29, 2016.
We determined that the Series B Preferred Shares are a participating security, and accordingly, our basic and diluted net income / loss per share is calculated using the two-class method.
Holders of Series B Preferred Shares will participate in any dividends declared or paid on our Class A common stock on an as-converted basis.
The Series B Preferred Shares will rank pari passu with our Series A Convertible Preferred Stock and senior to all other equity securities of the Company in respect of payment of dividends and distribution of assets upon liquidation.