Minimum Offering Amount. At the Closing, the number of shares of the Common Stock and Series B Preferred Stock to be sold under this Agreement shall result in gross proceeds to the Company of $41.2 million (including at least $29.9 million from the sale of Common Stock).
Appears in 1 contract
Samples: Stock Purchase Agreement (Southern States Bancshares, Inc.)
Minimum Offering Amount. At the Closing, the number of shares of the Common Stock and Series B C Preferred Stock to be sold under this Agreement shall result in gross proceeds to the Company of $41.2 million (including at least $29.9 million from 52 million. The Company shall have received and accepted the sale of Common Stock)subscriptions for such amount and the proceeds due to the Company under such subscriptions shall have been previously received by the Company.
Appears in 1 contract
Minimum Offering Amount. At the Closing, the number of shares of the Common Stock and Series B C Preferred Stock to be sold under this Agreement shall result in gross proceeds to the Company of $41.2 million (including at least $29.9 million from 52 million. Purchasers shall have submitted subscriptions for such amount and the sale of Common Stock)proceeds due to the Company under such subscriptions shall have been previously received by the Company.
Appears in 1 contract
Minimum Offering Amount. At the Closing, the number of shares of the Class A Common Stock and Series B Preferred Stock to be sold under this Agreement shall result in aggregate gross proceeds to the Company and the Selling Stockholders of $41.2 million (including at least $29.9 million from 25,000,000. Purchasers shall have submitted subscriptions for at least such amount and the sale of Common Stock)proceeds due to the Company under such subscriptions shall have been previously received by the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (Equity Bancshares Inc)
