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A certificate which contains a copy of the board resolution setting out the powers, designations, preferences or rights of a class or series of a class of stock of a corporation (typically a series of preferred stock) if they are not already contained in the certificate of incorporation of the corporation.
What Is Convertible Preferred Stock? Convertible preferred stocks are preferred shares that include an option for the holder to convert them into a fixed number of common shares after a predetermined date.
Preferred Designation means the Certificate of Designation with respect to the Series D Preferred Stock, the Series E Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock, the Series H Preferred Stock and the Series I Preferred Stock adopted by the Board of Directors of the Company and duly filed ...
A preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.
If a preferred stock is redeemable, it means that the issuing company can exchange those shares for cash, while convertible shares can be exchanged by the shareholder for common stock.
Stock Designation with respect to a share of Company Common Stock means a designation by the holder of such share, provided by the Company to Parent no later than the Designation Deadline, to the effect that such share is designated to receive the Stock Designation Consideration.
A preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.
An account designation is the name given to an investment account where shares cannot be directly held by the beneficial owner (e.g. a minor) and instead, are registered in the name of a trustee (e.g. a parent).