Forward Split. As a condition precedent to the Closing, the Board of Directors of SPI shall authorize a forward-stock split of its Common Stock on a 3 for 1 basis (the “Forward-Split”) so that following the Forward-Split and the Closing and the other transactions contemplated herein, SPI shall have an aggregate of Seventeen Million Seventy-Five Thousand (17,075,000) shares of SPI Common stock issued and outstanding.
Appears in 3 contracts
Sources: Share Exchange Agreement (Sparking Events, Inc.), Share Exchange Agreement (Sparking Events, Inc.), Share Exchange Agreement (Sparking Events, Inc.)