The compounding
effect of these additional shares along with potentially increased income from our options selling in combination with the significant defined risk protection are what differentiate our strategy from our competitors.
Not exact matches
In the event the Company issues
shares of additional stock, subject to customary exceptions, after the preferred stock original issue date without consideration or for a consideration per
share less than the initial conversion price in
effect immediately prior to such issuance, then and in each such event the conversion price shall be reduced to a price equal to such conversion price multiplied by the following fraction:
creation
of additional shares of Series C convertible preferred stock; or (iii)
effect a change
of control, liquidation, dissolution, or winding up
of the Company in which the holders
of Series C convertible preferred stock would receive an amount per
share less than the original issue price plus any declared but unpaid dividends on such
shares of Series C convertible preferred stock.
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 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.
If an
additional U.S. $ 250 million
of Debentures is issued and all U.S. $ 1.25 billion
of Debentures were converted, the common
shares issued upon conversion would represent approximately 19.2 %
of the common
shares after giving
effect to the conversion, based on the number
of common
shares currently outstanding.
Upon the completion
of this offering and after giving
effect to the planned recapitalization
of our common stock into a single class
of common stock and stock split, SIH will own
shares of our outstanding common stock (representing %
of the
shares outstanding), our founders and their family trusts will own an aggregate
shares of our outstanding common stock (representing %
of the
shares outstanding) and our employees who received
shares upon the liquidation
of the special purpose employee ownership vehicle will own
shares of our outstanding common stock under a restricted stock award (representing %
of the
shares outstanding), in each case as it relates to the percentage ownership assuming that the underwriters do not exercise their option to purchase
additional shares.
Given associated government revenue
shares in GDP, the latter achievement would also unlock an
additional $ 1.4 trillion in global tax revenue, most
of it ($ 940 billion) in emerging economies, suggesting the potential self - financing
effects of additional public investment into closing global gender gaps.
If variation within twinships
of each kind is about the same, we can say a
shared genome has had no
additional effect.
BioWare is
sharing three
additional pieces
of Mass
Effect 2 concept art complimenting two previously released alongside the debut teaser trailer.
In order to provide
additional insight into the potential
effects on local businesses, the City obtained customer spending analysis from Moneris Solutions Corporation, the company with the largest market
share of point -
of - sale payment processers in Canada.
Since the policy went into
effect, over 55 million women gained guaranteed coverage
of these
additional preventive benefits without cost -
sharing.
The amendments, which came into
effect on August 2, 2016, require foreign buyers to pay an
additional tax (the Additional Tax) of 15 % of the fair market value of the property or share of the property
additional tax (the
Additional Tax) of 15 % of the fair market value of the property or share of the property
Additional Tax)
of 15 %
of the fair market value
of the property or
share of the property purchased.