STPK definition
Examples of STPK in a sentence
Approval of the Charter Proposals requires the affirmative vote of the holders of a majority of the outstanding shares of STPK common stock, voting together as a single class, and the affirmative vote of the holders of a majority of the Class B Common Stock then outstanding, voting separately as a single class.
The STPK board of directors has already approved each of the proposals.
The holders of the Founder Shares, who currently own 20% of the issued and outstanding shares of STPK common stock, will count towards this quorum.
A: After carefully reading and considering the information contained in this proxy statement/consent solicitation statement/prospectus, please submit your proxies as soon as possible so that your shares will be represented at the STPK Special Meeting.
The execution and delivery of this Agreement by STPK has been duly and validly authorized by all necessary entity action on the part of STPK, and no other entity proceedings on the part of STPK are necessary to authorize this Agreement.
Subject to the receipt of the STPK Shareholder Approval and the Merger Sub Sole Stockholder Approval, the execution and delivery of this Agreement, the Ancillary Documents to which such STPK Party is or will be a party and the consummation of the transactions contemplated hereby and thereby have been (or, in the case of any Ancillary Document entered into after the date of this Agreement, will be upon execution thereof) duly authorized by all necessary corporate action on the part of such STPK Party.
STPK has not paid any cash dividends on its common stock to date and does not intend to pay cash dividends prior to the completion of the merger.
As of the STPK record date, Stem did not beneficially hold any shares of STPK common stock.
The Investor further acknowledges that there have been no representations, warranties, covenants and agreements made to the Investor by Stem, STPK, or their respective officers or directors, expressly or by implication, other than those representations, warranties, covenants and agreements included in this Subscription Agreement.
All forward-looking statements attributable to STPK or Stem or persons acting on their behalf are expressly qualified in their entirety by the foregoing cautionary statements.