Preferred Stock Conversion definition

Preferred Stock Conversion has the meaning set forth in Section 7.4.

Preferred Stock Conversion has the meaning set forth in Section 3.3(e).

Preferred Stock Conversion has the meaning specified in the Recitals hereto.

Examples of Preferred Stock Conversion in a sentence

• Ducera was not asked to express, and did not express any view on, and Ducera’s opinion did not address, the fairness of the Preferred Stock Conversion or the Per Share Merger Consideration.

• The deemed conversion of the Xxxxxxx Preferred Stock for the purpose of voting is distinct from the Preferred Stock Conversion.

• Consequently, assuming, for illustrative purposes only, that the Merger closes on June 30, 2020, the Preferred Stock Conversion Amount would be expected to equal approximately $670 million, (which represents the aggregate Liquidation Preference of $519 million multiplied by 102% plus the present value (computed as described above) of all remaining dividends that would accrue on the Xxxxxxx Preferred Stock between June 30, 2020 and October 31, 2024 multiplied by 102%).

• The number of shares of Xxxxxxx Common Stock that is economically equivalent to the Preferred Stock Conversion Amount will be based on the value of a share of Era Common Stock as calculated pursuant to Section 5(c)(i) of the Xxxxxxx Certificate of Designations.

• At the Effective Time, the shares of Xxxxxxx Common Stock (including the shares issued pursuant to the Preferred Stock Conversion) collectively will receive a number of shares of Era Common Stock equal to 77% of the equity interests of the Combined Company, as appropriately adjusted for the Reverse Stock Split, if it is effected.

More Definitions of Preferred Stock Conversion

Preferred Stock Conversion has the meaning set forth in Section 2.1(a).

Preferred Stock Conversion means a Redemption Period Conversion pursuant to a Conversion Notice that provides for the conversion of principal into Preferred Conversion Shares (or a combination of Conversion Shares and Preferred Conversion Shares).

Preferred Stock Conversion means the conversion by the holders of Phunware’s preferred stock of all of their issued and outstanding shares of preferred stock into shares of Phunware common stock at a conversion ratio of one share of Phunware common stock for each one share of Phunware preferred stock.

Preferred Stock Conversion means the conversion of the Preferred Stock into Common Stock in accordance with the Certificate of Designations.

Preferred Stock Conversion means the conversion of all shares of Series A Non-Voting Convertible Preferred Stock into shares of Common Stock.

Preferred Stock Conversion means the conversion immediately prior to the Effective Time of all outstanding shares of Company Preferred Stock into shares of Company Common Stock in accordance with the terms of the Company Organizational Documents.

Preferred Stock Conversion means the voluntary conversion of at least 90% of the outstanding Convertible Preferred Stock into Common Stock.