Examples of Target Series C Preferred Stock in a sentence
The authorized capital stock of Target consists of 20,000,000 shares of common stock, par value $0.001 per share (the "TARGET COMMON STOCK"), of which 4,717,354 shares are issued and outstanding, and 12,753,326 shares of preferred stock, par value $0.001 per share, of which 4,289,496 shares have been designated as Target Series A Preferred Stock, 2,963,830 shares have been designated as Target Series B Preferred Stock and 5,500,000 shares have been designated as Target Series C Preferred Stock.
As of the date of this Agreement, there are 4,289,496 shares of Target Series A Preferred Stock, 2,963,830 shares of Target Series B Preferred Stock and 4,676,667 shares of Target Series C Preferred Stock issued and outstanding.
Such Target Series C Preferred Stock shall, at the Effective Time, cease to exist, and the certificates for such shares shall be cancelled as promptly as practicable thereafter, and no payment or distribution (other than the amount necessary to accomplish the SBLF Redemption) shall be made in consideration therefor.
At the Effective Time, each share of Target Series C Preferred Stock issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares) will be automatically converted into the right to receive that number of shares of Acquiror Common Stock equal to the Series C Exchange Ratio, rounded down to the nearest whole share of Acquiror Common Stock.
At the Effective Time, all shares of Target Common Stock and Target Series C Preferred Stock issued and outstanding immediately prior to the Effective Time and all shares of Target Capital Stock owned by Target as treasury stock, shall be cancelled and extinguished without any conversion thereof.
As of the date of this Agreement, there are 13,439,202 shares of Target Common Stock, 12,525,000 shares of Target Series A Preferred Stock, 8,080,000 shares of Target Series B Preferred Stock, and 28,275,862 shares of Target Series C Preferred Stock issued and outstanding.
Target was incorporated in the State of California on March 8, 1995 and on the date hereof has outstanding 5,192,521 shares of Common Stock ("Target Common Stock"), 1,128,000 shares of Series A Preferred Stock (the "Target Series A Preferred Stock"), 2,825,000 shares of Series B Preferred Stock (the "Target Series B Preferred Stock"), 955,978 shares of Series C Preferred Stock (the "Target Series C Preferred Stock") and 799,083 shares of Series D Preferred Stock (the "Target Series D Preferred Stock").
At the Effective Time, Target will have no outstanding equity interests other than shares of Target Common Stock, shares of Target Series A Preferred Stock, shares of Target Series B Preferred Stock, shares of Target Series C Preferred Stock, shares of Target Series D Preferred Stock, shares of Target Series E Preferred Stock, shares of Target Series F Preferred Stock and rights to acquire shares of Target Common Stock.