Parent Common Stock definition
Examples of Parent Common Stock in a sentence
No fractional shares of Parent Common Stock shall be issued in the Merger.
As of the Effective Date, the following capital stock of Parent is issued and outstanding: 69,657,950 shares of Parent Common Stock, 340,676,783 shares of Class B common stock, par value $0.01 per share, no shares of Class C common stock, par value $0.01 per share, one share of convertible common stock, par value $0.01 per share, and no shares of preferred stock, par value $0.01 per share.
Parent shall cause the shares of Parent Common Stock to be issued as Merger Consideration to be approved for listing on the Stock Exchange, subject to official notice of issuance, prior to the Closing Date.
Any withholding shall be satisfied, to the extent permissible under applicable Law, by withholding shares of Parent Common Stock having a value (based on the Final Parent Stock Value) equal to the amount required to be withheld, unless Parent determines in good faith that cash withholding is required under applicable Law.
At the Closing, Parent and the Shareholders shall enter into the Registration Rights Agreement, pursuant to which Parent shall, prior to the later of (x) thirty (30) days after the Closing Date and (y) October 1, 2026, file a registration statement on Form S-3 (or, if Form S-3 is not available, on such other appropriate form) with the SEC registering the resale of the shares of Parent Common Stock issued as Merger Consideration.