Not exact matches
Under European rules, a
public recapitalization entails that equity
holders and subordinated creditors (owners of high - ranking debt) will have to
share the burden and enter a «bail - in» of 8 percent (minimum) before
public money is used.
If you return your signed proxy card or vote by proxy over the Internet but do not mark the boxes showing how you wish to vote, your
shares will be voted FOR the election of the director nominees named in this proxy statement, FOR the ratification of the appointment of our independent registered
public accounting firm, FOR the amendment of the 2004 Plan, and in the discretion of the proxy
holders for any other matter that may properly come before the Annual Meeting.
Conversion Rights — All convertible preferred stock will be automatically converted into common stock upon (i) the closing of an underwritten
public offering of
shares of common stock of the Company at a
public offering price per
share that provides at least $ 100 million in aggregate gross proceeds or (ii) approval of at least (a)
holders of 66 % of the Series A convertible preferred stock, voting as a single class on an as - converted basis; (b)
holders of a majority of the Series B convertible preferred stock, voting as a single class on an as - converted basis; (c)
holders of a majority of the Series D convertible preferred stock, voting as a single class on an as - converted basis; and (d) the
holders of at least a majority of the then outstanding
shares of convertible preferred stock (voting together as a single class and not a separate series, and on an as - converted basis).
Grayscale was able to speed up the approval process of the trust through the use of a legal loophole that enabled
public fund
holders to sell their
shares after one year.
in the case of our directors, officers, and security
holders, (i) the receipt by the locked - up party from us of
shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of
shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the
shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other
public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of
shares or securities was solely to us pursuant to the circumstances described in this bullet point;
I really look forward to
sharing this experience with others, and have already started doing so through
public blog postings, and some postings only for
holders of Tatiana Coin.
At various times after the date of this prospectus, the remaining
shares will become available for resale in the
public market, in compliance with the requirements of the federal securities laws and in accordance with lock - up agreements that certain of the
holders of these
shares have with the underwriters.
Conversion of preferred stock occurs automatically and immediately upon the earlier to occur of the closing of a firm commitment underwritten
public offering pursuant to an effective registration statement filed covering the offer and sale of common stock in which (i) the aggregate
public offering price equals or exceeds $ 25 million, (ii) with respect to the Series F convertible preferred stock only, the
public offer price per
share of which is not less than one times the original issue price of the Series F convertible preferred stock, (iii) with respect to the Series E convertible preferred stock only, the
public offer price per
share of which is not less than one times the original issue price of the Series E convertible preferred stock and (iv) with respect to the Series D convertible preferred stock only, the initial
public offering price per
share of which is not less than two times the original price of preferred stock, or the date specified by
holders of at least 60 % of the then outstanding Series B convertible preferred stock, Series C convertible preferred stock, Series D convertible preferred stock, Series E convertible preferred stock, Series F convertible preferred stock and Series G convertible preferred stock, provided however, that in the event that the
holders of at least 65 % of the then outstanding
shares of
holders Series G convertible preferred stock, at least a majority of the then outstanding
shares of Series F convertible preferred stock or at least of 65 % of the then outstanding
share of Series E convertible preferred stock do not consent or agree to the conversion, conversion shall not be effective to any
shares of the relevant series of Series G convertible preferred stock, Series F convertible preferred stock or Series E convertible preferred stock for which the approval threshold was not achieved.
The principle behind these measures would be to re-establish an understanding of the company as a self - governing association of citizens with a particular economic objective that has a
public benefit beyond the making of profit for executives and corporate
share -
holders.
Real
public schools have elected school boards with open meetings, not appointed boards accountable to
share holders.
The VCDR
shares PII anytime an account
holder sends an email containing PII to another government agency or a member of the
public.
For the
holder of
shares in the
public company, though liquidity is available, the value of the
shares will vary.
ICOs raise funds from the
public using virtual currency (cryptocurrency) in exchange for their
holders receiving proprietary coins or tokens related to a specific venture or project underlying the ICO, such as rights to profits,
shares of assets, or rights to use certain services provided by the issuer or voting rights.
Market watchers on r / BitcoinMarkets have discounted this theory, pointing out that
shares in GBTC traded in the
public markets must be held by unit -
holders for at least a year, meaning they are disconnected from the current bitcoin price.
To speed up the process of approval, the BIT has made use of a legal loophole that enables
public fund
holders to sell their
shares after a 12 - month period.
But native title
holders would have to
share the area with the
public by virtue of the
public right of navigation and fishing.
The conference aims to promote
public debate, foster knowledge acquisition and
sharing between native title
holders and other parties.