Examples of DCM Shares in a sentence
Wincap stockholders signed a letter of intent with Direct Capital Markets.com, Inc., ("DCM") to sell all outstanding shares in exchange for 75,000 unregistered, non-marketable shares of DCM's Series C Convertible Preferred Stock ("DCM Shares").
This may affect the pricing of the DCM Shares in the secondary market, the transparency and availability of trading prices, the liquidity of the DCM Shares, and the extent of issuer regulation.
The DCM Shares are intended to be issued by way of a dividend in kind to be declared on the Business Day immediately prior to the Effective Date pursuant to an exemption from the prospectus requirements set forth in applicable securities legislation.
Following the issuance of the final receipt by the applicable regulatory authorities, the DCM Shares will, subject to certain exceptions, be freely tradable.
The Spinout Transaction will involve the distribution of the DCM Shares, being common shares of a newly incorporated corporation holding, directly or indirectly, all of the assets and all of the liabilities of the DCM business.
There is currently no market through which the DCM Shares may be sold and Shareholders may not be able to resell the DCM Shares distributed under the Spinout Transaction.
The Company received for its proportionate ownership in Wincap 25,000 DCM Shares and approximately $52,000 in cash.
Holders whose Shares, DCM Shares, Bank Shares or Floating Rate Preferred Shares might not otherwise be considered capital property should consult their own tax advisors concerning this election.
The student understands the framework of government created by the U.S. Constitution of 1787.
DundeeWealth plans to issue the DCM Shares by way of a dividend in kind to be declared on the Business Day immediately prior to the Effective Date pursuant to an exemption from the prospectus requirements set forth in applicable Securities Laws.