Examples of Series Seed Preferred Stock in a sentence
Concurrently with the execution of this Agreement, the Company and certain of the Investors are entering into a Reorganization Agreement (the “Restructuring Agreement”) providing for, amongst other items, the issuance of the Series Seed Preferred Stock and shares of Common Stock.
The “Original Issue Price” or “Series Seed Original Issue Price” shall each mean $0.01345679 per share (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to the Series Seed Preferred Stock).
In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Corporation or Deemed Liquidation Event, after the payment of all preferential amounts required to be paid to the holders of shares of Series Seed Preferred Stock pursuant to Section 2.1, the remaining assets of the Corporation available for distribution to its stockholders shall be distributed among the holders of shares of Common Stock, pro rata based on the number of shares held by each such holder.