Examples of Xxxxxxx Common Stock in a sentence
Immediately prior to the consummation of the Merger, all outstanding shares of Xxxxxxx Preferred Stock will be converted into Xxxxxxx Common Stock.
No. If your shares of Xxxxxxx Common Stock and/or Xxxxxxx Preferred Stock are held in street name, you must instruct your nominee or intermediary whether you consent to, withhold consent from or abstain from any particular proposal.
It does not constitute a recommendation to any holder of Xxxxxxx Common Stock or Xxxxxxx Preferred Stock as to how to vote in connection with the Merger or whether to take any other action with respect to the Merger.
Therefore, for the purpose of approving the Merger, on an as-converted basis, Solus is deemed to hold 5,515,019 shares of Xxxxxxx Common Stock and SDIC is deemed to hold 5,475,116, shares of Xxxxxxx Common Stock, and together they are deemed to hold an aggregate amount of 10,990,135 shares, or 51.2%, of Xxxxxxx Common Stock (the ‘‘Subject Shares’’).
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.