This lack of supply has coincided with strong demand — including among institutional investors who purchased large amounts of the Canadian bank's last round of attractively - priced preferred
share issuance in December.
Not exact matches
In its latest fiscal year, Microsoft garnered a $ 792 - million tax deduction for its
issuance of
shares.
Except as expressly provided
in the Plan, no
issuance by Google of
shares of stock of any class, or securities convertible into
shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of
shares or amount of other property subject to, or the terms related to, any Incentive Award.
Except as expressly provided
in the Plan, no
issuance by Alphabet of
shares of stock of any class, or securities convertible into
shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of
shares or amount of other property subject to, or the terms related to, any Incentive Award.
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.
Dilution: is the reduction
in the investor's ownership percentage of a
share of stock caused by the
issuance of new dilutive securities.
Their prices are so low,
in fact, that one firm, Suncor recently said it would buy back up to $ 500 million worth of its
shares or about 1.1 % of outstanding
issuance by next September.
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.
In addition, we intend to file a registration statement to register approximately 141,358,176
shares of our capital stock reserved for future
issuance under our equity compensation plans.
The purpose of the contribution was to retire such
shares in order to offset stock ownership dilution to existing investors
in connection with future
issuances under the 2009 Stock Plan.
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 fractio
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 fractio
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 fractio
in each such event the conversion price shall be reduced to a price equal to such conversion price multiplied by the following fraction:
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.
Shkreli asked Geller whether he would «be willing to sign a consultant agreement
in connection with the
issuance of the 31,500
shares... [i] t would be the quickest way to get the stock issued to you.»
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.
Except as expressly provided
in the Plan, no
issuance by J. Crew Group, Inc. of
shares of stock of any class, or securities convertible into
shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of
shares or amount of other property subject to, or the terms related to, any Incentive Award.
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
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
in Note 2).
For the same reason,
issuance of lesser - voting rights
shares as consideration
in a merger or other corporate acquisition should not be objectionable.
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.»
When you buy preferred
shares, you own a piece of the company and
in exchange receive fixed dividend payments set at
issuance with the par value of the preferred stock.
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.
Accordingly, these
shares will be able to be freely sold
in the public market upon
issuance subject to existing lock - up or market standoff agreements and applicable vesting requirements.
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 --
Notwithstanding the foregoing and, subject to adjustment as provided
in Section 15 of the Plan, the maximum number of
Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate
Share number stated
in subsection 3 (a), plus, to the extent allowable under Code Section 422 and the Treasury Regulations promulgated thereunder, any
Shares that become available for
issuance under the Plan pursuant to subsection 3 (b).
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 stoc
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 stoc
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
To the extent an Award under the Plan is paid out
in cash rather than
Shares, such cash payment will not result
in reducing the number of
Shares available for
issuance under the Plan.
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.
To the extent an award is paid out
in cash rather than
shares, such cash payment will not result
in a reduction
in the number of
shares available for
issuance under the 2014 Plan.
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.
The
share of retained issues
in total
issuance fell from 97 %
in the first three quarters of 2009 to 56 % over the same period
in 2014, reflecting greater participation of private investors
in European securitisation markets.
Under the tax indemnity and
sharing agreement, we will have the ability to engage
in certain otherwise prohibited transactions, such as additional stock
issuances or stock repurchases during the restricted period, provided we first deliver to EHI a tax opinion acceptable to EHI that doing so will not adversely affect the tax - free treatment of the separation.
Once we register and issue these
shares, they can be freely sold
in the public market upon
issuance, subject to the lock - up agreements.
These
share repurchases have been funded
in part by a $ 17 billion debt offering, the largest ever as of the time of
issuance.
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.
Significant increases
in capital have spurred little production growth, and
share issuance has severely diluted equity investors.
With the
issuance of new
shares to Soon - Shiong, Ferro's stake
in Tribune Publishing is reduced to 14.4 percent.
During Moody's earnings conference call, management addressed shareholder return items, reiterating that the company would aim for a modest $ 200 million
in share repurchases
in 2018 — just enough to offset dilution from employee
share issuance.
From a founder perspective, instead of diluting their stake
in the company through various rounds of private financing and spending a vast amount of time and effort on building up both a brand and a customer base, the
issuance of proprietary tokens to over 10,000 investors (as was the case with Bancor for example) creates an immediately incentivised populace willing to spread the company's name if it delivers on its promised product or service whilst simultaneously having not given away a single
share of the company to institutional investors.
However, I don't see the
issuance of
shares in 2014 as a particular concern.
However, a shift by financial intermediaries towards borrowing
in euros and UK pounds, as they seek to diversify their funding sources, saw those currencies»
share of offshore foreign currency
issuance increase sharply to almost 30 per cent.
At around two - thirds, the
share of Australian entities»
issuance that went into offshore markets was noticeably lower than
in the first half of 2003, when offshore
issuance was particularly strong, but broadly consistent with its average of the previous two years.
At just over 50 per cent, the
share of foreign currency
issuance denominated
in US dollars was below past norms; financial institutions issued substantial amounts
in euros and pounds sterling.
The
share of foreign currency
issuance denominated
in US dollars remained low by historical standards at just over 50 per cent; financial institutions issued substantial amounts
in euros, pounds sterling and Canadian dollars.
Maximizing Gold Ownership per
Share: One of the greatest risks to shareholders of junior gold companies is the indiscriminate
issuance of
shares to raise money, pay overhead costs and do work that does not generate an increase
in gold resources or reserves.
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.
Finally, GM's quick repayment of the loans has whetted the appetite of some commentators (including DeCloet) for the ultimate repayment of the full government contribution. That would occur through the
issuance of public equity by GM and Chrysler, creating a market for those stocks into which the government would presumably sell its
shares. There is even some nefarious language
in the rescue packages requiring the government to sell off its
shares within specified, relatively aggressive timelines. The more I think about it, the less this makes sense — neither for the auto industry, nor for taxpayers. Why not hang onto the equity stake? If the companies recover and the equity gains market value, then the government will be able to claim that on its balance sheet (hence officially recouping the cost of its written - off contributions and creating a budgetary gain).
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.