Series B Preferred Stock. The Company has, or before the Series A Closing Date (as that term is hereinafter defined) will have, authorized the sale and issuance of up to 6,350,000 shares of its Series B Preferred Stock ("Series B Preferred" or, as described in Section 1.1(a) above, the "Shares") and up to 6,350,000 shares of Common Stock issuable upon conversion of the Series B Preferred pursuant to the Restated Articles. The Series B Preferred shall be sold for a purchase price of $0.40 per share.
Appears in 4 contracts
Samples: Preferred Stock Purchase Agreement (Avanex Corp), Preferred Stock Purchase Agreement (Avanex Corp), Preferred Stock Purchase Agreement (Avanex Corp)
