Examples of Acquiree Common Stock in a sentence
There are not any bonds, debentures, notes or other Indebtedness of the Acquiree having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders of Acquiree Common Stock may vote.
At the Closing all of the Acquiree Shareholders’ options and warrants to purchase Acquiree Common Stock will be exchanged at the Exchange Ratio for new options or warrants, as applicable, to purchase Acquiror Common Stock, as set forth on Schedule II.
The authorized capital stock of the Acquiree consists of 10,000,000 shares of Acquiree Common Stock and 0 shares of undesignated preferred stock, $0.01 par value per share, of which (i) 1,477,300 shares of Acquiree Common Stock are issued and outstanding; (ii) 0 shares of preferred stock are issued and outstanding and (iii) 8,545,700 shares of Acquiree Common Stock or preferred stock are held by the Acquiree in its treasury.
Following the purchase of the Acquiree Common Stock, Acquiree shall be operated as a wholly owned subsidiary of Acquiror.
At the close of business on March __, 2013, [2,407,545] shares of Acquiree Common Stock were issued and outstanding, none of the authorized shares of Series X, X, X-0, X-0, X-0, X-0 and D Preferred Shares were issued and outstanding and none of our shares of Series E Preferred Stock were issued and outstanding.
The amount of Acquiree Common Stock to be sold by each Shareholder is set forth in Schedule 2.1 hereto.
At the Closing, the Acquiree Shareholder shall sell, transfer, convey, assign and deliver 500 shares of Acquiree Common Stock (the “Acquiree Shares”), representing all of the issued and outstanding shares of Acquiree Common Stock, to the Acquiror, and in consideration therefor, subject to Section 2.2, the Acquiror shall issue an aggregate of 5,000,000 fully paid and nonassessable shares of Acquiror Common Stock (the “Acquiror Shares”) to the Acquiree Shareholder (the “Share Exchange”).
As of January __, 2013, Acquiree had stock options outstanding to purchase [5,947,400] shares of Acquiree Common Stock.
The Acquiree Common Stock currently represents and will represent at Closing all of the issued and outstanding capital stock of Acquiree.
The Acquiror Common Stock shall be allocated among the Shareholders in direct proportion to their ownership of their Acquiree Common Stock, such that each Shareholder shall receive the same number of shares of Acquiror Common Stock that the Shareholder currently owns in Acquiree.