Examples of Preferred Stock in a sentence
Before the Effective Time, Victory will enter into a financing agreement with Flagstaff International, LLC, under which Flagstaff will commit to invest $4,000,000.00 in Victory, as a single sum or in separate tranches, in exchange for (i) Victory Preferred Stock and (ii) the transfer to Pro-Tech Holdings of all the equity interests held by Victory in Pro-Tech or the transfer to Pro-Tech Holdings of all or substantially all of the assets of Pro-Tech (the “Pro-Tech Disposition”).
Such notice shall be given by first class mail, postage pre-paid, or via electronic mail to each record holder of the Series A Preferred Stock at the respective addresses of such holders as the same shall appear on the share transfer records of the Corporation.
The Series D Xxxxxx has agreed to the cancellation and exchange of his 8,333 shares of Series D Preferred Stock for 3,961,539 Pre-funded Warrants at the Effective Time.
Any redemption of the Series A Preferred Stock will be done in accordance with the 1940 Act.
LightPath’s original Certificate of Incorporation authorized the issuance of 6,500,000 shares of Common Stock (the “ Original Common Stock”) and 1,000,000 shares of Preferred Stock.