Initial Preferred Stock definition
Examples of Initial Preferred Stock in a sentence
The Initial Preferred Stock Registration Statement shall be on Form S-3 or another appropriate form under the Securities Act and shall provide for the registration of such Registrable Preferred Securities for resale by such Holders in accordance with reasonable and customary methods of distribution elected by the Holders.
The Company may satisfy the foregoing obligation by, no later than the Initial Filing Date, designating a previously filed WKSI Registration Statement as the Initial Preferred Stock Registration Statement for the purposes of this Agreement and filing a supplement to the Prospectus included in such WKSI Registration Statement covering the resale of all of the Registrable Preferred Securities.
The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto and shall be payable in United States Dollars.
The sale of the Initial Preferred Stock and the Option Preferred Stock, the issuance of the Dividend Stock, the issuance of the Warrant Stock, and any subsequent conversion of the Initial Preferred Stock, the Option Preferred Stock and the Dividend Stock into Conversion Stock are not subject to any preemptive rights or rights of first refusal.
The Purchaser must bear the economic risk of this investment indefinitely unless the Initial Preferred Stock, the Option Preferred Stock, the Dividend Stock, the Warrants, the Warrant Stock or the Conversion Stock are registered pursuant to the Securities Act, or an exemption from registration is available.