Examples of Series I Preferred Shares in a sentence
The Company’s Series I Preferred Shares and Series II Preferred Shares rank senior to the Company’s Common Shares and are described below.
Holders of Series II Preferred Shares shall have voting rights and are entitled to vote on a matter with holders of Common Shares (and Series I Preferred Shares if required by law or otherwise entitled to vote with the holders of Common Shares), voting together as one class.
Series I Preferred Shares The Company is authorized to issue an unlimited number of Series I Preferred Shares, which rank senior to the Common Shares.
If NeutriSci’s common stock does not list on an exchange by December 31, 2014, then the Company would transfer approximately 250,000 shares of Series I Preferred Shares and approximately 25,000 shares of Series I Preferred Shares based on the terms of the assignment of the note.
As of September 27, 2014, the Company holds a total of 670,658 shares of Series I Preferred Shares.