Series A-Preferred Stock

Series A-Preferred Stock

A preferred stock with rights or privileges distinguishing it from other preferred stock in the same company. That is, a company issues series A preferred stock when it wishes to have several different types of preferred stock. For example, series A preferred stock may have a different guaranteed dividend from series B and series C preferred stock.
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If a person or group acquires 15% or more of the Company's outstanding Common Stock, or a holder of 15% of more of the Company's Common Stock engages in certain self-dealing transactions or a merger transaction in which the Company is the surviving corporation and its Common Stock remains outstanding, then each Right not owned by such person or certain related parties will entitle its holder to purchase, at the Right's then-current exercise price, units of the Company's Series A-Preferred Stock (or, in certain circumstances, Company Common Stock, cash, property or other securities of the Company) having a market value equal to twice the then-current exercise price.