Furthermore, during any period during which the class C common stock was outstanding, the Alumax board of directors was required to declare and pay dividends equal to 35 percent of Alumax's net income to the extent permitted by law (the Base Dividends).
The Alumax board consisted of six voting members and two nonvoting members throughout any period during which any share of the class C common stock was outstanding.
In the example, the convertible preferred shares are common stock
equivalents since their effective yield of 5% ($3,500/$70,000) is less than two-thirds of the Aa corporate bond rate (1 0%).
85, Yield Test for Determining Whether a Convertible Security Is a Common Stock
Equivalent, and is consistent with the APB's objective in Opinion no.
As a result of the private placement and pursuant to the terms of "most favored nations" rights granted to investors in the Company's February 2006 private placement of its series A senior secured convertible notes ("Series A Notes"), the Company expects to issue to certain of its February 2006 private placement investors, in exchange for $1,652,111 principal amount of the Series A Notes, an additional (i) $1,784,111 principal amount of Series B Notes, (ii) $713,644 principal amount of OID Notes, (iii) E-7 Warrants to purchase 83,690,203 shares of its common stock
and (iv) F-4 Warrants to purchase 83,690,203 shares of its common stock
Tenders of shares of Class A Common Stock
must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer.
03 per share into 78,333,333 shares of Stem Cell common stock
, together with five-year warrants to purchase an aggregate of 39,166,667 shares of Stem Cell common stock
The reverse stock split will be effective on February 28, 2006, when PTC's common stock
will begin trading at the split-adjusted level.
In connection with the merger, the holders of common stock
of Cryptometrics issued and outstanding immediately prior to the effective time of the merger will be entitled to receive shares of JAG Media common stock
equal to 7.
Under the terms of the definitive merger agreement, which was approved by both companies' boards of directors, each share of InfoNow common stock
outstanding immediately prior to the merger will be converted into the right to receive approximately $0.
PK," and (ii) a reverse split of its common stock
in a ratio of 1-for-100 will become effective.
net's common stock
from listing on AMEX later this month.