Examples of Series A Convertible Preferred Stock in a sentence
The securities reported in rows (6), (8) and (9) show the number of shares of common stock that would be issuable upon full conversion of the Series A Convertible Preferred Stock and do not give effect to the foregoing limitations.
The Series A Convertible Preferred Stock carries voting power equal to 51 percent of all classes of stock entitled to vote on any manner, and is convertible at the election of the holder into 51 percent of the resulting common stock thereafter issued and outstanding.
Conversion – All shares of Series A Convertible Preferred Stock are convertible into shares of Common Stock at a share price of $1.00 per share.
Dividends – At issuance, there are no dividends due or payable on the Series A Convertible Preferred Stock.
Liquidation and Redemption Rights – In the event of any liquidation, dissolution or winding up of the affairs of the Company, whether voluntary or involuntary, the holder of Series A Convertible Preferred Stock is entitled to receive assets of the Company, before the holders of Series B Preferred Stock or Common Stock.