Not exact matches
Therefore, if you purchase
shares of our Class A
common stock in this offering, you will experience immediate dilution of $ per
share, the difference between the price per
share you pay for our Class A
common stock and its pro forma net tangible book value per
share as of September 30, 2010, after giving effect to the
issuance of
shares of our Class A
common stock in this offering.
(e) As of the date hereof, (i) 294,670
shares of Series A-4 Preferred Stock are reserved for
issuance upon the exercise of outstanding warrants to purchase
shares of Series A-4 Preferred Stock (the «Series A-4 Warrants»), and (ii) 40,000
shares of
Common Stock are reserved for
issuance
Furthermore, investors purchasing
shares of our Class A
common stock in this offering will only own approximately % of our outstanding
shares of Class A and Class B
common stock (and have % of the combined voting power of the outstanding
shares of our Class A and Class B
common stock), after the offering even though their aggregate investment will represent % of the total consideration received by us in connection with all initial sales of
shares of our capital stock outstanding as of September 30, 2010, after giving effect to the
issuance of
shares of our Class A
common stock in this offering and
shares of our Class A
common stock to be sold by certain selling stockholders.
A limited number of classes of
common shares are being used for equity
issuances and stock option grants.
At the time of expiration, approximately 30,426,564
shares of
common stock were reserved for
issuance under the SOP.
The Company's
issuance of
shares of
common stock, including the additional
shares that will be authorized if the proposal is adopted, may dilute the equity ownership position of current holders of
common stock and may be made without stockholder approval, unless otherwise required by applicable laws or NYSE regulations.
On December 31, 2009, the Company had 5.18 billion outstanding
shares of
common stock, and approximately 734 million
shares reserved for
issuance for outstanding convertible preferred stock, the warrant issued in connection with the TARP CPP investment, dividend reinvestment, deferred compensation plans, long - term incentive compensation awards, and in connection with employee benefit plans.
In contemplation of the Company's initial public offering, the Company has presented unaudited pro forma basic and diluted net loss per
share of
common stock, which has been calculated assuming the conversion of all series of the Company's convertible preferred stock (using the as - if converted method) into
shares of
common stock as though the conversion had occurred as of the beginning of the period or the original date of
issuance, if later.
The Company has entered into restricted stock purchase agreements with certain founders and employees for the
issuance of up to 16,084,442
shares of restricted
common stock in exchange for services.
(6) Regardless of the terms of any agreement evidencing an Incentive Award, the Committee shall have the right to substitute stock appreciation rights for outstanding Options granted to any Participant, provided the substituted stock appreciation rights call for settlement by the
issuance of
shares of
Common Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being replaced.
In September 2013, the Company entered into a
common stock purchase agreement with an affiliate of AT&T covering the sale and
issuance of 780,539
shares of the Company's stock for a nominal amount of consideration (AT&T is listed as Customer E in Note 2).
on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding
shares of convertible preferred stock other than Series FP preferred stock into
shares of Class B
common stock and the conversion of Series FP preferred stock into
shares of Class C
common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per
share, which is the fair value of our
common stock as of December 31, 2016, as we intend to issue
shares of Class A
common stock and Class B
common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net
issuance of 7.6 million
shares of Class A
common stock and 5.5 million
shares of Class B
common stock that will vest and be issued from the settlement of such RSUs, (v) the
issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
The table above does not include (i) 5,952,917
shares of Class A
common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486
shares of Class A
common stock issuable upon exercise of options to purchase
shares of Class A
common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection with this offering as described in «Executive Compensation — Director Compensation» and «Executive Compensation — New Equity Awards,» and (y) 3,263,431 additional
shares of Class A
common stock reserved for future
issuance and (ii) 24,269,792
shares of Class A
common stock issuable to the Continuing SSE Equity Owners upon redemption or exchange of their LLC Interests as described in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
5,897,398
shares of Class B
common stock reserved for future
issuance under our 2007 Plan as of March 31, 2015 (which reserve does not reflect the options to purchase
shares of Class B
common stock granted after March 31, 2015); and
Each
share of convertible preferred stock may be converted, at the option of the holder, at any time into
common stock as is determined by dividing the applicable original issue price by the conversion price as adjusted for certain dilutive
issuances, splits and combinations.
The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding
shares of convertible preferred stock other than Series FP preferred stock into
shares of Class B
common stock and the conversion of Series FP preferred stock into
shares of Class C
common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per
share, which is the fair value of our
common stock as of December 31, 2016, as we intend to issue
shares of Class A
common stock and Class B
common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net
issuance of 7.6 million
shares of Class A
common stock and 5.5 million
shares of Class B
common stock that will vest and be issued from the settlement of such RSUs, (v) the
issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
The number of
shares of our Class A
common stock outstanding after this offering as shown in the tables above is based on the number of
shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed Redemption, and excludes 5,952,917
shares of Class A
common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (i) 2,689,486
shares of Class A
common stock issuable upon the exercise of options to purchase
shares of Class A
common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection with this offering as described in «Executive Compensation --
In addition, as of March 31, 2015, we had options outstanding that, if fully exercised, would result in the
issuance of 31,619,974
shares of Class B
common stock.
The number of
shares of our Class A
common stock outstanding after this offering as shown in the tables above is based on the number of
shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed Redemption, and excludes
shares of Class A
common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (i)
shares of Class A
common stock issuable upon the exercise of options to purchase
shares of Class A
common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection with this offering as described
Upon the closing of this offering, a total of
shares of
common stock will be outstanding, assuming the automatic conversion of all outstanding
shares of preferred stock into
shares of
common stock upon the completion of this offering and the
issuance of
shares of
common stock upon the assumed net exercise of warrants that would otherwise expire upon the completion of this offering at an assumed initial public offering price of $ per
share.
The Series A, Series A-1, Series B, Series C, Series D, Series E, and Series F convert to Class B
common stock at the then effective conversion rate subject to adjustment in the event of stock - splits, stock dividends, and certain anti-dilutive
issuances of
shares of our
common stock.
5,897,398
shares of Class B
common stock reserved for future
issuance under our Amended and Restated 2007 Stock Plan, as amended, or 2007 Plan, as of March 31, 2015 (which reserve does not reflect the options to purchase
shares of Class B
common stock granted after March 31, 2015); and
On July 21, 2017, the board of directors of Croe, subject to the approval of Croe stockholders, adopted the Croe, Inc. 2017 Equity Incentive Plan and authorized the reservation of 5,000,000
shares of
common stock for
issuance pursuant to awards granted thereunder.
We also intend to register all
shares of
common stock that we may issue under our equity incentive plans, including 5,448,749
shares reserved for future
issuance under our equity incentive plans as of May 15, 2010.
After this offering, we will have an aggregate of
shares of
common stock authorized but unissued and not reserved for
issuance under our equity incentive plans, options granted to our founders or otherwise.
In addition, based on the fair value of the
shares of
common stock of the Company at the time of
issuance, the Company recorded an additional $ 100,000 of
share based compensation expense related to the transaction.
5,448,749
shares of
common stock reserved as of May 15, 2010 for future
issuance under our equity incentive plans; and
On March 9, 2017, the Company issued (i) 125,000
shares of
common stock of the Company to Redwood Fund LP («Redwood») in exchange for cash of $ 200,000; and (ii) 125,000
shares of
common stock of the Company to Imperial Strategies, LLC («Imperial Strategies») in exchange for certain services rendered, valued at $ 200,000, as of the date of such
issuance.
Upon the closing of this offering, we will have outstanding an aggregate of
shares of
common stock, assuming the
issuance of
shares of
common stock offered by us in this offering and no exercise of options or warrants after, 20.
The pension fund claims Diller threatened to block «value - enhancing deals» requiring new
common - stock
issuance that would dilute his voting stake if the board refused to approve the new class of
shares.
Shareholder Approval Requirements: NYSE American requires a listed company to obtain the approval of its shareholders for certain types of securities
issuances, including private placements that may result in the
issuance of
common shares (or securities convertible into
common shares) equal to 20 % or more of presently outstanding
shares for less than the greater of book or market value of the
shares.
The Narula Group has agreed to accept the first $ 2,660,000 of its Achieved Margin
Share through the issuance of 950,000 shares of RIBT's common stock at a fixed purchase price of $ 2.80 per share («Margin - for - Shares Mechanism»), representing a premium of 52 % to the closing price on the date immediately prior to sig
Share through the
issuance of 950,000
shares of RIBT's common stock at a fixed purchase price of $ 2.80 per share («Margin - for - Shares Mechanism»), representing a premium of 52 % to the closing price on the date immediately prior to si
shares of RIBT's
common stock at a fixed purchase price of $ 2.80 per
share («Margin - for - Shares Mechanism»), representing a premium of 52 % to the closing price on the date immediately prior to sig
share («Margin - for -
Shares Mechanism»), representing a premium of 52 % to the closing price on the date immediately prior to si
Shares Mechanism»), representing a premium of 52 % to the closing price on the date immediately prior to signing.
In connection with the
issuance of the secured debt, the Company will (i) issue warrants to purchase 6,875,000
shares of the Company's
Common stock, with an exercise price of $ 0.96 per
share and (ii) reduce the per
share exercise prices from $ 5.87, $ 5.27 and $ 5.25 to $ 0.96 of 885,010 Company warrants currently held by the purchases of the secured debt.
Under terms of the agreement, Aspen will acquire all outstanding
shares of privately held Dillco through the
issuance of 14,519,244
shares of Aspen
common stock to Dillco's shareholders.
The fund employs leverage through the
issuance of senior fixed rate notes which creates an opportunity for increased income, but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of
common shares).
The company was then capitalized by the
issuance of 2.75 million
common shares shortly thereafter; 2 million were sold in a private placement at $ 4.00 per
share (Wasilenkoff purchased 446k
shares) with the remaining 750k granted to Wasilenkoff as incentive.
A less
common case might be as follows: In the case of a large company, the
issuance of new
shares can have a positive effect on liquidity.
The warrants feature full anti-dilution protection, including preservation of the right to convert into the same percentage of the fully - diluted
shares of the Company's
common stock that would be outstanding on a pro forma basis giving effect to the
issuance of the
shares underlying the warrants at all times, and «full - ratchet» adjustment to the exercise price for future
issuances (in each case, subject to certain exceptions), and adjustments to compensate for all dividends and distributions.»
See COSN's year end report (http://www.cosinecom.com/wp-content/uploads/2015/03/Cosine-Announces-Year-End-and-Q4-2014-Results-Final-1.pdf): «As a result of the
issuance of the
shares of CoSine's
common stock pursuant to the contribution agreement, SPH, through its wholly owned subsidiaries, SPH Holdings LLC and SPH Group LLC, now controls 21,279,721
shares, or approximately 80.6 %, of CoSine's issued and outstanding
common stock.»
The validity of the
issuance of the
shares of
common stock offered hereby will be passed upon for Blue Buffalo Pet Products, Inc. by Simpson Thacher & Bartlett LLP, New York, New York.
GBT will satisfy the acquisition of Coinstream by the
issuance of 32.5 million
common shares of Global Blockchain Technologies.
Forward - looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward - looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO's; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company's business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the
issuance of additional
common shares of the Company; the risk of litigation.
Equity Residential will pay its portion of the purchase price with $ 2.016 billion in cash, including proceeds from asset sales, and the
issuance of 34,468,058
shares of
common stock, plus the assumption of $ 5.5 billion in secured debt.
Payment will consist of approximately $ 21.9 million in cash, the assumption of $ 20.5 million of existing mortgage indebtedness and $ 1.6 million from the
issuance of Kranzco
common shares.