Lanxide Series A Preferred Stock definition

Lanxide Series A Preferred Stock means the shares of Series A Convertible Preferred Stock, par value $.01 per share and liquidation value $80 per share, of Lanxide.

Examples of Lanxide Series A Preferred Stock in a sentence

• Subject to Sections 3.2, 3.6 and 3.7(g) hereof, each full share of Lanxide Series A Preferred Stock shall be converted into and become that number of validly issued, fully paid and nonassessable shares of Commodore Common Stock as shall be equal to the Preferred Stock Exchange Ratio.

• There shall have been registered under the 1933 Act pursuant to the Merger Registration Statement: (i) all shares of Commodore Common Stock being issued to stockholders of Lanxide in the Merger in exchange for outstanding shares of Lanxide Common Stock and Lanxide Series A Preferred Stock, and (ii) all shares of Commodore Common Stock potentially issuable upon (A) exercise of Lanxide Warrants and Lanxide Stock Options, and (B) issuable pursuant to the Lanxide Deferred Compensation Plans, as applicable.

• Holders of Dissenting Shares representing five percent (5%) or more of the outstanding shares of Lanxide Common Stock and Lanxide Series A Preferred Stock, taken together as a class (each share of Lanxide Series A Preferred Stock constituting for this purpose the equivalent of 0.371947 share of Commodore Common Stock) shall not have elected, on a timely basis, to exercise any rights of appraisal under applicable provisions of the DGCL.

• As a result of the merger, each share of Lanxide Common Stock will be exchanged for 19.1 shares of Commodore Common Stock and each share of Lanxide Series A Preferred Stock will be exchanged for 7.1 shares of Commodore Common Stock.