Examples of Newco Common Stock in a sentence
Newco shall be entitled to place restrictive legends on any shares of Newco Common Stock or Newco Preferred Stock issued (i) to such Rule 145 Affiliates and (ii) to any other Persons who it reasonably believes may be deemed to be “affiliates” of the Company, as that term is used in paragraphs (c) and (d) of Rule 145 under the Securities Act, pursuant to the Transaction.
Sprint, Sprint L.P. and Newco shall execute and deliver on the date hereof the Registration Rights Agreement attached hereto as Exhibit I with respect to the rights of Sprint and its Affiliates in connection with public offerings and sales of Newco Common Stock acquired in the Merger, through conversion of the Convertible Preferred Stock or the Convertible Notes, pursuant to the Governance Agreement or otherwise, which agreement shall not become effective until the Closing.
At the close of business on the Effective Date and immediately prior to Closing, (i) 100 shares of Newco Common Stock were issued and outstanding, and (ii) no shares of Newco Preferred Stock were issued or outstanding.
The authorized capital stock of Newco consists of 140,000,000 shares of Newco Common Stock and 60,000,000 shares of Newco Preferred Stock, 14,000,000 shares of which have been designated Series A Preferred Stock.
The Company shall use its best efforts to cause the Newco Common Stock to be included in The Nasdaq National Market after the Closing.