Pre-Closing Restructuring definition
Examples of Pre-Closing Restructuring in a sentence
As of (A) immediately following the Pre-Closing Restructuring and prior to the Company LLC Conversion, HoldCo owns 100% of the Company Common Stock and (B) immediately following the Company LLC Conversion, HoldCo owns 100% of the Company’s equity interests (other than the Company Options and Company Warrant).
Section 2.6(a)(i) of the Company Disclosure Schedule lists, as of immediately prior to the Company Preferred Stock Conversion and prior to the Pre-Closing Restructuring, each record holder of issued and outstanding Company Capital Stock and the number and type of shares of Company Capital Stock held by such holder.
Immediately following the Company Preferred Stock Conversion and prior to the Pre-Closing Restructuring, 53,190,764 shares of Company Common Stock were issued and outstanding and no shares of Company Preferred Stock were issued and outstanding.
As of immediately prior to the Pre-Closing Restructuring, each share of Company Preferred Stock was convertible into one share of Company Common Stock.
Section 2.6(b) of the Company Disclosure Schedule accurately and completely lists, as of prior to the Pre-Closing Restructuring, all repurchase rights held by the Company with respect to shares of Company Capital Stock (including shares issued pursuant to the exercise of stock options) and specifies which of those repurchase rights are currently exercisable.