New York Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock

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US-CC-6-188
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This is a multi-state form covering the subject matter of the title.

The New York Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock is a legal document that outlines the specific terms, conditions, and rights associated with the issuance of Series C Convertible Preferred Stock in the state of New York. This form is typically used by businesses when creating a new class of stock to attract investment or provide additional financing options. The Series C Convertible Preferred Stock is a type of equity security that offers certain advantages and privileges to its holders. It is referred to as "convertible" because it can be converted into common stock at a predetermined conversion ratio or at the discretion of the shareholder. This feature provides investors with the potential for increased value and liquidity if the company's common stock performs well. In the New York Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock, several key provisions and rights are addressed. These include: 1. Designation and Number of Shares: The form specifies the number of shares being designated as Series C Convertible Preferred Stock and establishes its distinct class within the company's capital structure. 2. Dividends: It outlines the preferences and rights of Series C Convertible Preferred Stockholders regarding the payment of dividends. These preferences may include the payment of cumulative dividends at a fixed rate or the participation in dividends alongside common stockholders. 3. Voting Rights: The form specifies whether Series C Convertible Preferred Stockholders have voting rights, and if so, the extent of these rights. The voting rights may be different from those granted to common stockholders and can vary between different classes of preferred stock. 4. Liquidation Preferences: This section addresses the priority of Series C Convertible Preferred Stockholders in the event of the company's liquidation or dissolution. It ensures that preferred stockholders receive their investment back before any remaining assets are distributed to common stockholders. 5. Conversion Rights: The form outlines the terms and conditions under which Series C Convertible Preferred Stock can be converted into common stock. It typically includes details about the conversion ratio, conversion price, and any adjustments that may be made in certain circumstances. 6. Redemption Provisions: This section defines the circumstances under which the company can redeem or repurchase Series C Convertible Preferred Stock. It may include provisions related to the redemption price, redemption periods, and any restrictions on the company's ability to redeem the stock. Other variations of the New York Form of Certificate of Designations, Preferences and Rights may exist, such as forms specific to other series of preferred stock (e.g., Series A, Series B, etc.). Each variation would outline the unique terms, preferences, and rights associated with the specific series of preferred stock being issued.

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  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock
  • Preview Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock

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FAQ

Redeemable convertible preference share It is liable to be redeemed by that body corporate. On redemption, the shareholder receives: an agreed cash amount; or. an agreed number of ordinary shares in the issuing body corporate.

Similar to previous stages of financing, the series C round primarily relies on raising capital through the sale of preferred shares. The shares are likely to be convertible shares. They offer holders the right to exchange them for common stock in the company at some date in the future.

A preferred stock certificate is a document that identifies the ownership share of an investor in a corporation.

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.

Cumulative preference shares give shareholders the right to receive cumulative dividend payouts from the company even if they are not profitable. These dividends will be counted as arrears in years when the company is not profitable. And will be paid in full from the year when the business is profitable.

Series C Convertible Preferred Stock means the Series C Convertible Redeemable Preferred Stock, par value $. 01 per share, of the Company, having the same voting rights as the Class A Common Stock determined on an as converted basis.

The benefits of convertible preferred stock include flexibility, potential for capital appreciation, dividend payments, and priority in liquidation. However, convertible preferred stock also has several drawbacks, such as dilution of ownership, lower dividend rates, higher costs, and risk of conversion.

Class C Preferred Stock means the Issuer's Preferred Stock, Series C. Based on 7 documents. 7. Class C Preferred Stock means capital stock, issued in one or more series, having the rights and obligations specified with respect to Class C Preferred Stock in the Charter and these Bylaws.

More info

To convert a Preferred Share into validly issued, fully paid and non-assessable shares of Common Stock on any date (a “Conversion Date”), a Holder shall deliver ... Section 2. Ranking. The Series C Preferred Stock shall, with respect to dividend rights and rights upon liquidation, winding up or dissolution, rank (a) equal ...Jan 26, 2021 — The shares of Series C Preferred Stock shall not have any rights, preferences, privileges or voting powers or relative, participating, optional ... The shares of Preferred Stock created hereby shall be designated the "Series C Convertible Preferred Stock" (the "Series C Preferred Stock") and the authorized ... The Series F Preferred Stock shall be perpetual, subject to the provisions of Section 5 of these Standard Provisions that form a part of the Certificate of ... RESOLVED, that pursuant to the provisions of the [certificate of incorporation and the bylaws] of the Corporation and applicable law, a series of Preferred ... Form of Certificate of Designations of Preferences, Rights and ... The series of preferred stock shall be designated as “Series C Convertible Preferred Stock ... Designation and Amount. There is hereby created out of the authorized and unissued shares of preferred stock of the Corporation a series of preferred stock ... shares having rights, preferences or privileges equal or senior to the Series A Preferred Stock ... file a Certificate of Designation of Rights, Preferences,. Designation and Issuance. (A) The shares of such class shall be designated CLASS B PREFERRED STOCK (hereinafter referred to as "Class B Preferred Stock") ...

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New York Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock