Mountain Common Stock definition
Examples of Mountain Common Stock in a sentence
None of the information supplied or to be supplied by or about Vyteris for inclusion or incorporation by reference in any information to be supplied to holders of Treasure Mountain Common Stock or Vyteris capital stock concerning the Merger contains or will contain any untrue statement of a material fact or omits or will omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading.
At the Effective Time, each warrant theretofore granted by Vyteris entitling its holder to purchase shares of Vyteris Common Stock (an "Existing Warrant") shall by virtue of this Agreement be converted into and become the right to receive a warrant to purchase shares of Treasure Mountain Common Stock (a "New Warrant") upon surrender of such certificates evidencing such Existing Warrants.
At the Effective Time, each share of Vyteris Common Stock issued and outstanding immediately prior to the Effective Time shall, by virtue of this Agreement, cease to be outstanding and shall be converted into and become the right to receive a number of shares of Treasure Mountain Common Stock equal to the "Vyteris Common Conversion Number" upon surrender of such certificates evidencing such shares.
At the Effective Time, each option theretofore granted by Vyteris entitling its holder to purchase shares of Vyteris Common Stock (an "Existing Option") shall be converted into and become the right to receive an option to purchase shares of Treasure Mountain Common Stock (a "New Option").
Upon the effectiveness of either of the Subsequent Actions, Treasure Mountain shall cause to be reserved the number of shares of Treasure Mountain Common Stock initially issuable upon exercise of all of the New Options divided by ten.
Treasure Mountain has not reserved any authorized but unissued shares of Treasure Mountain Common Stock other than for securities issuable pursuant to this Agreement, including securities issuable pursuant to Section 10.12.
Except as described in the Current SEC Reports (as defined below) or as contemplated by this Agreement (including as contemplated by Section 10.12), immediately prior to the consummation of the Merger there will be no issued or outstanding securities convertible or exercisable into or exchangeable for, and no issued or outstanding options, warrants or other rights, or commitments or agreements of any kind, contingent or otherwise, to purchase or otherwise acquire, Treasure Mountain Common Stock.
Immediately prior to the consummation of the Merger, there will be issued and outstanding 3,412,117 shares of Treasure Mountain Common Stock, all of which such issued and outstanding shares are validly issued, fully paid and nonassessable.
Upon the effectiveness of either of the Subsequent Actions, Treasure Mountain shall cause to be reserved the number of shares of Treasure Mountain Common Stock (or Newco Common Stock) initially issuable upon exercise of all of the New Warrants divided by ten.
Treasure Mountain is a duly organized and validly existing corporation in good standing under the laws of the State of Nevada, authorized to issue an aggregate of 50,000,000 shares of Treasure Mountain Common Stock and no other shares of capital stock.