Common Stock Issued Sample Clauses
The 'Common Stock Issued' clause defines the issuance of common shares by a company, specifying the number and type of shares being distributed to shareholders. This clause typically details when the shares are issued, to whom, and under what terms, such as in connection with an investment round or employee stock plan. Its core function is to formally document the allocation of ownership interests, ensuring transparency and legal clarity regarding who holds equity in the company.
Common Stock Issued. For the avoidance of doubt, the shares of Class A Common Stock issued in exchange for Class B Units and shares of Class B Common Stock will not be registered under the Securities Act of 1933, as amended, but will be Registrable Securities and subject to the provisions of the Registration Rights Agreement.
Common Stock Issued. For the avoidance of doubt, the shares of Common Stock issued in exchange for Option Units will not be registered under the Securities Act of 1933, as amended, and will become registered securities only pursuant to a Registration Rights Agreement as described in Section 2.3(b) above.