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

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Multi-State
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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 Ohio 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 Series C Convertible Preferred Stock issued by a corporation under Ohio law. This form serves as a guide for corporations in Ohio to create and issue preferred stock with customizable features to meet their unique financing needs. The Ohio Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock allows corporations to specify various key details, such as: 1. Designation: The form provides a space to designate the preferred stock as "Series C Convertible Preferred Stock." This designation distinguishes it from any other preferred stock series issued by the corporation. 2. Conversion Rights: The form outlines the conversion rights attached to the series C preferred stock. This includes the conversion ratio, conversion price, and any adjustment mechanisms. 3. Dividends: Corporations can specify the dividend rights associated with the Series C Convertible Preferred Stock. This includes the dividend rate, payment dates, and whether dividends are cumulative or non-cumulative. 4. Voting Rights: The form defines the voting rights of the Series C stockholders, such as the number of votes per share and any special voting powers. 5. Liquidation Preferences: Corporations can determine the liquidation preferences for the Series C Convertible Preferred Stock, indicating the priority of stockholders in the event of liquidation, dissolution, or winding up of the corporation. 6. Redemption Rights: The form addresses any redemption rights attached to the Series C Convertible Preferred Stock, including redemption price, redemption period, and conditions for redemption. It is important to note that while this description focuses on the Ohio Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock, there might be other variations of certificate forms for different series of convertible preferred stock in Ohio. These may include Series A, Series B, and so on, each with its own unique terms and characteristics as determined by the issuing corporation. In conclusion, the Ohio Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock is a customizable legal document that provides clarity and protection for corporations issuing Series C Convertible Preferred Stock in Ohio. It ensures transparency and uniformity in outlining the rights and preferences of stockholders and promotes efficient capital-raising activities.

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

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FAQ

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

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.

Convertible preferred stock offers the investor the benefits of both preferred stock and common stock. Investors get the stability, liquidation priority, and higher dividends of preferred stock, but they also have the option to convert their shares into common stock later if they believe that the price will go up.

The four main types of preference shares are callable shares, convertible shares, cumulative shares, and participatory shares.

However, convertible preferred stock also has several drawbacks, such as dilution of ownership, lower dividend rates, higher costs, and risk of conversion.

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.

Issuing convertible preferred stock is one of the many ways companies can raise capital to fund their operations and expansion. Companies will choose to sell convertible preferred stock because it enables them to avoid taking on debt while limiting the potential dilution of selling additional common stock.

Convertible notes are usually faster and cheaper to negotiate and close than preferred equity, as they involve less legal documentation and due diligence. They also defer the valuation of the startup until the Series A round, which can be beneficial if the startup grows significantly in the meantime.

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(c) Shareholder Approval. If the Series A Preferred Stock would at any time be convertible into a number of shares of Common Stock exceeding the 19.99 ... There is hereby established a series of shares of Preferred Stock, which series of Preferred Stock shall be designated as the “Series C Noncumulative Perpetual ...Certificate of Designation of Series C Convertible Preferred Stock: Learn more about this contract and other key contractual terms and issues by viewing the ... Oct 30, 2015 — Other Rights. The shares of Series C Preferred Stock shall not have any rights, preferences, privileges or voting powers or relative ... Nov 17, 2022 — Form of Certificate of Designation, Preferences and Rights of Series A Convertible Preferred Stock (incorporated by reference to. Exhibit 3.1 ... Certificate of Designations, Preferences and Rights of Series I Convertible Preferred Stock from NAVIDEA BIOPHARMACEUTICALS, INC. filed with the Securities ... ... Preferred Stock will be set forth in a certificate of designations to be filed with the Secretary of State for the State of Ohio (the “Ohio Secretary of ... Oct 3, 2023 — The terms of the Series A Convertible Preferred Stock are set forth in a Certificate ... Designations, each share of Series A Preferred Stock is ... Each holder of Series A Convertible Preferred Stock is entitled to receive, out ... the holder thereof. Upon the surrender of certificates representing shares of ... Such right of conversion shall be exercised by the holder thereof by giving written notice to the Corporation stating that the holder elects to convert a stated ...

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