Examples of Financing Preferred Stock in a sentence
As of the same date, there were no shares of Preferred Stock or Financing Preferred Stock outstanding.
At the time of the closing of the Qualified Financing (as defined below), the then outstanding Series A Preferred Stock plus any accrued but unpaid dividends due and payable up through the Qualified Financing Conversion Date shall be converted into fully paid and nonassessable shares of Qualified Financing Preferred Stock (as defined below).
In the event the Company consummates its Next Financing prior to the Maturity Date and Holder’s Promissory Note is converted into shares of Next Financing Preferred Stock, the Exercise Price shall be equal to the 120% of the price per share paid by the investors in the Next Financing for the Next Financing Preferred Stock.
In connection with such conversion, the Purchaser will execute any document of the same transaction documents relating to the Next Financing that are executed by the purchasers of the Next Financing Preferred Stock, which may be modified as needed to reflect differences between preferred stock and non-voting common stock, including, if applicable, the investors’ rights, co-sale, voting or other agreements deemed necessary or relevant in the sole discretion of the Company (“Next Financing Documents”).
SB observed that appointments would best be considered with succession planning needs in mind to ensure that the Court retains the broadest range of expertise possible.
The Company shall reserve and shall keep available at all times out of the authorized and unissued Financing Securities or Previous Financing Preferred Stock, as applicable, solely for the purpose of effecting the exercise of this Warrant, such number of shares of Financing Securities or Previous Financing Preferred Stock, as applicable, as shall from time to time be sufficient to effect the exercise in full of this Warrant.