Series B-1 Convertible Preferred Stock definition

Series B-1 Convertible Preferred Stock means the Series B-1 Convertible Preferred Stock, par value $0.0001 per share, of the Corporation.

Series B-1 Convertible Preferred Stock is defined in Section 2.2(a).

Series B-1 Convertible Preferred Stock means (i) the Company's Series B-1 Convertible Preferred Stock, $0.01 par value per share, issued and issuable pursuant to the Series B-1 Statement of Designations and (ii) any capital stock into which such Series B-1 Convertible Preferred Stock shall have been changed or any share capital resulting from a reclassification of such Series B-1 Convertible Preferred Stock.

Examples of Series B-1 Convertible Preferred Stock in a sentence

• If any shares of Preferred Stock shall be converted or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series B-1 Convertible Preferred Stock.

• The series of preferred stock of the Corporation shall be designated as the Series B-1 Convertible Preferred Stock (the “Preferred Stock”) and the number of shares so designated shall be up to 3,200 (which shall not be subject to increase without the written consent of the holders (each, a “Holder” and collectively, the “Holders”) of a majority of the then outstanding shares of Preferred Stock).

• Said Certificate of Designations, as amended hereby, shall apply to 8,543,524 shares of Series B Convertible Preferred Stock, 8,543,524 shares of Series B1 Convertible Preferred Stock, 550,000 shares of Series KBH Convertible Preferred Stock, and 550,000 shares of Series KBH1 Convertible Preferred Stock.

• A Certificate of Designation of Preferences, Rights and Limitations of Series B-1 Convertible Preferred Stock was filed with the Secretary of State of the State of Delaware on March 2, 2020.

• The series of preferred stock shall be designated as the Corporation’s Series B-1 Convertible Preferred Stock (the “Series B-1 Preferred Stock”), and the number of shares so designated shall be 339,104.

• If the board declares cash or stock dividends on the Common Stock of the Corporation, the shares of Series B-1 Convertible Preferred Stock, par value $ 0.001, shall participate as if it had been exchanged for shares of Common Stock prior to the declaration of such dividends.

• The designation of such series of the Preferred Stock shall be Series B-1 Convertible Preferred Stock, par value $0.01 per share (the “Series B-1 Preferred Stock”) and Series B-2 Preferred Stock, par value $0.01 per share (the “Series B-2 Preferred Stock” and collectively with the Series B-1 Preferred Stock, the “Series B Preferred Stock”).

• The Statement of Designations of rights, preferences and privileges of the Corporation’s Series B-1 Convertible Preferred Stock was filed with the Registrar of Corporations on the 21st day of March, 2017.

• If any shares of Preferred Stock shall be converted, redeemed or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as Series B-1 Convertible Preferred Stock.

• The series of Preferred Stock designated by this Certificate of Designations shall be designated as the Company’s Series B-1 Convertible Preferred Stock (the “Series B-1 Preferred Stock”) and the number of shares so designated shall be fifteen thousand (15,000).

More Definitions of Series B-1 Convertible Preferred Stock

Series B-1 Convertible Preferred Stock has the meaning set forth in the Recitals.