Preferred Stock Exchange Ratio definition

Preferred Stock Exchange Ratio means, with respect to each share of Legacy Nuburu Preferred Stock, the number of shares of Common Stock which a share of such series of Preferred Stock was cancelled and converted into pursuant to the applicable provisions of the Business Combination Agreement. Pursuant to the Business Combination Agreement, each share of Legacy Nuburu Preferred Stock issued and outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive the number of shares of Common Stock equal to the greater of (A) the quotient obtained from (x) the applicable Preferred Stock Liquidation Preference of such share of Legacy Nuburu Preferred Stock divided by (y) $10.00, and
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Preferred Stock Exchange Ratio means 10,000 shares of Parent Class A Preferred Stock divided by the number of shares of SpinCo Class C Preferred Stock issued and outstanding immediately prior to the Effective Time, subject to adjustment as set forth herein.
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Preferred Stock Exchange Ratio means the quotient of (i) the product of (x) the number of outstanding shares of Latch Common Stock as of the date hereof multiplied by (y) 4.21% divided by (ii) the total number of shares of HDW Preferred Stock outstanding as of the date hereof.
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Examples of Preferred Stock Exchange Ratio in a sentence

  • Subject to Sections 3.2, 3.6 and 3.7(g) hereof, each full share of Lanxide Series A Preferred Stock shall be converted into and become that number of validly issued, fully paid and nonassessable shares of Commodore Common Stock as shall be equal to the Preferred Stock Exchange Ratio.

  • The Preferred Stock Exchange Ratio is equal to the Common Stock Exchange Ratio multiplied by the number of shares of Clene Common Stock into which each share of Clene Preferred Stock is convertible immediately prior to the effective time.

  • Each share of X4 Preferred Stock outstanding immediately prior to the Effective Time (excluding certain shares canceled pursuant to the Merger Agreement and shares held by stockholders who exercised and perfected appraisal rights or dissenters’ rights) was converted into the right to receive Arsanis Common Stock based on the Preferred Stock Exchange Ratio.

  • Each share of X4 Preferred Stock outstanding immediately prior to the Effective Time (excluding certain shares to be canceled pursuant to the Merger Agreement and shares held by stockholders who have exercised and perfected appraisal rights or dissenters’ rights) will be converted into the right to receive Arsanis Common Stock based on the Preferred Stock Exchange Ratio.

  • On or before the date of the mailing of the Joint Proxy Statements to its stockholders, Lanxide shall have received the Lanxide Fairness Opinion, to the effect that in the opinion of the investment banking firm engaged by Lanxide the Common Stock Exchange Ratio, the Preferred Stock Exchange Ratio and the other terms of the Merger are fair to the respective stockholders of Lanxide from a financial point of view.


More Definitions of Preferred Stock Exchange Ratio

Preferred Stock Exchange Ratio means the quotient obtained by dividing SIX HUNDRED THOUSAND (600,000) by the number of shares of Company Series A Preferred Stock outstanding immediately prior to the Effective Time.
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Preferred Stock Exchange Ratio means, as applicable, with respect to each series of Company Preferred Stock, the number of shares of New SPAC Common Stock which a share of such series of Company Preferred Stock is to be cancelled and converted into the right to receive pursuant to Section 3.01(a)(i).
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Preferred Stock Exchange Ratio means seven and one hundred four hundredths (7.104) shares representing the number of shares of Commodore Common Stock into which each full share of Lanxide Series A Preferred Stock shall be converted at the Effective Time of the Merger, before giving effect to the Commodore Reverse Stock Split, (which ratio was derived by multiplying (a) the fraction of a share of Lanxide Common Stock into which the Lanxide Series A Preferred Stock is convertible by its terms by (b) the Common Stock Exchange Ratio).
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Preferred Stock Exchange Ratio means 0.25.
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Preferred Stock Exchange Ratio means (rounded up to ten decimal places) the difference between the As-Converted Exchange Ratio and the Common Stock Exchange Ratio.
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Preferred Stock Exchange Ratio means, subject to Section 3.1(d), the ratio (rounded to six decimal places) equal to (x) the Post-Closing Company Preferred Stock Shares divided by (y) the Company Outstanding Preferred Stock Shares, in each case, in which:
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Preferred Stock Exchange Ratio has the meaning set forth in Section 1.7(a) of the Agreement.
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