Parsec Common Stock definition
Examples of Parsec Common Stock in a sentence
The shares of Parsec Common Stock to be issued in connection with the Transactions shall have been approved for listing on NASDAQ as of the Closing Date.
The execution and delivery of this Agreement by each of Parsec and Merger Sub and the consummation by each of Parsec and Merger Sub of the Transactions, have been duly and validly authorized by all necessary action, and no other proceedings on the part of Parsec or Merger Sub are necessary to authorize this Agreement or to consummate the Transactions (other than with respect to the Parsec Proposals, the approval of a majority of the then-outstanding shares of Parsec Common Stock).
Parsec shall use commercially reasonable efforts to cause the Registration Statement, as so amended or supplemented, to be filed with the SEC and the Proxy Statement to be disseminated to the holders of shares of Parsec Common Stock, as applicable, in each case pursuant to applicable Law and subject to the terms and conditions of this Agreement and Parsec Organizational Documents.
As of the date hereof, the Parsec Units, Parsec Common Stock, and Parsec Warrants, are listed on the Nasdaq Stock Market, with trading symbols “PCXCU,” “PCX”, and “PCXCW”, respectively.
Parsec will use commercially reasonable efforts to cause the Parsec Common Stock issued in connection with the Transactions to be approved for listing on NASDAQ (and the Company shall reasonably cooperate in connection therewith), subject to official notice of issuance, in each case, as promptly as reasonably practicable after the date of this Agreement, and in any event prior to the Effective Time.
Notwithstanding the foregoing provisions of this Section 7.1(e), if on a date for which the Special Meeting is scheduled, Parsec has not received proxies representing a sufficient number of shares of Parsec Common Stock to approve, in consultation with the Company, the Parsec Proposals, whether or not a quorum is present, Parsec shall have the right to make one or more successive postponements or adjournments of the Special Meeting.
During the period from the date hereof until the Closing, Parsec shall use commercially reasonable efforts to keep the Parsec Common Stock, and Parsec Warrants listed for trading on NASDAQ.