Examples of Fully Diluted Outstanding Common Stock in a sentence
The initial Series B Conversion Price of a share of Series B Preferred shall be equal to (i) 0.85 multiplied by (ii) $1,100,000 divided by the difference between (a) the Fully Diluted Outstanding Common Stock divided by 0.868 minus (b) the Fully Diluted Outstanding Common Stock.
The initial Conversion Price shall be equal to (i) 0.85 multiplied by (ii) $1,100,000 divided by the difference between (a) the Fully Diluted Outstanding Common Stock divided by 0.868 minus (b) the Fully Diluted Outstanding Common Stock.
Holder shall have the absolute right to purchase that number of the Offered Securities (its "Pro Rata Fraction") as shall be equal to the number of Offered Securities multiplied by a fraction, the numerator of which shall be the number of shares of Fully Diluted Outstanding Common Stock then owned by Holder and the denominator of which shall be the aggregate number of shares of Fully Diluted Outstanding Common Stock.
The Company's obligations under Article -------------------------- 3 shall terminate at such time as the Holder holds less than 50% of the Fully Diluted Outstanding Common Stock.
The initial Conversion Price shall be equal to (A) $1,100,000 divided by (B) the difference between (1) the Fully Diluted Outstanding Common Stock divided by 0.868 minus (2) the Fully Diluted Outstanding Common Stock.