Series B-1 Preferred Stock definition

Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

Series B-1 Preferred Stock means the series of preferred stock of the Company designated as "Series B-1 Convertible Preferred Stock,” par value $0.0001 per share;

Series B-1 Preferred Stock has the meaning set forth in the Recitals.

Examples of Series B-1 Preferred Stock in a sentence

• As a result, the Series B-1 Preferred Stock Warrants were remeasured at fair value prior to the conversion resulting in a change in fair value of $0.1 million for the three months ended March 31, 2022, which was recognized as a component of change in fair value of warrant liabilities within the unaudited condensed consolidated statements of operations, and subsequently settled in additional paid-in capital as a result of the conversion to equity-classified common stock warrants.

• Subject to the terms and conditions set forth in this Agreement, at the Closing, the Company shall issue and sell to each Purchaser, and each Purchaser shall, severally and not jointly, purchase from the Company, such number of shares of Series B-1 Preferred Stock equal to the quotient resulting from dividing (i) the Subscription Amount for such Purchaser by (ii) the Purchase Price, rounded to the nearest whole Share, as set forth below the name of such Purchaser on the Purchaser signature page.

• Subsequent to the Merger, the Series B-1 Preferred Stock Warrants and Junior Preferred Stock Warrants were converted to common stock warrants.

• The distinctive serial designations of the series of Preferred Stock designated by this Certificate of Designation shall be designated as the Corporation’s Series B-1 Convertible Preferred Stock (the “ Series B-1 Preferred Stock”) and the Series B-2 Convertible Preferred Stock (the “Series B-2 Preferred Stock,” and together with the Series B-1 Preferred Stock, the “Series B Preferred Stock”).

More Definitions of Series B-1 Preferred Stock

Series B-1 Preferred Stock means a series of the Company’s preferred stock designated as “Series B-1 Preferred Stock” having the rights, privileges and benefits, and subject to the limitations, set forth in the Series B-1 Certificate of Designation.

Series B-1 Preferred Stock means the 12% Participating Series B-1 Preferred Stock, par value $.01 per share of the Company.

Series B-1 Preferred Stock means (x) the Company’s shares of Series B-1 Convertible Preferred Stock as designated by that certain Certificate of Designation of Preferences, Rights and Limitations filed with the Secretary of State of the State of Delaware on October 11, 2021 and (y) any capital stock into which such Series B-1 Preferred Stock shall have been changed or any share capital resulting from a reclassification of such Series B-1 Preferred Stock.

Series B-1 Preferred Stock has the meaning set forth in Section 1.

Series B-1 Preferred Stock means the shares of Series B-1 Participating Convertible Preferred Stock of the Company, par value $0.01 per share, issuable upon Exchange of Temporary Securities pursuant to the Purchase Agreement.

Series B-1 Preferred Stock means the Series B-1 Participating Convertible Preferred Stock of the Corporation, par value $0.01 per share.

Series B-1 Preferred Stock is defined in the recitals.