Post-Split Common Stock definition
Examples of Post-Split Common Stock in a sentence
On the Closing Date, WESAC agrees to convert the Conversion Debt into approximately 11,606,000 shares of Post-Split Common Stock (the "WESAC Debt Conversion").
The Company will not issue any fractional shares of Post-Split Common Stock after the consummation of the Reverse Stock Split, but will, in lieu thereof, pay to each stockholder otherwise entitled to receive a fractional share of Post-Split Common Stock, cash on a fractional per share basis equal to such fraction multiplied by the greater of the Subscription Price or the Average Closing Price.
Each share of Post-Split Common Stock issued upon conversion of the Shares will have attached to it one or more rights (each, a "Rights Plan Right") issued pursuant to the Rights Agreement, to the extent such Rights Plan Rights have not expired, been redeemed, become tradeable or otherwise separated from the Post-Split Common Stock prior to the date of such conversion and such Rights Agreement continues in full force and effect as of such date.
The Post-Split Common Stock issuable upon conversion of the Shares shall have been approved for listing on The Nasdaq National Market.