Convertible Preferred Stock definition
Examples of Convertible Preferred Stock in a sentence
In connection with the Securities Purchase Agreement between the parties of even date (the “Securities Purchase Agreement”), the Company has agreed to issue and sell to the Investor 60,000 shares of Company’s Series C Convertible Preferred Stock, par value $0.001 per share (the “Convertible Preferred”), convertible into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) (as converted, the “Conversion Shares”).
For more details, please see the as-filed Certificate of Designation of Preferences, Rights and Limitations of Series J Senior Convertible Preferred Stock filed as Exhibit 3.1 of our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 7, 2025.
As of the date hereof, the Company has (i) 39,288,662 Common Shares issued and outstanding, (ii) 5,000 shares of Series A Convertible Preferred Stock issued and outstanding, (iii) 4,000 shares of Series B-1 Convertible Preferred Stock issued and outstanding; (iv) outstanding warrants to purchase up to 13,426,063 Common Shares and (v) outstanding warrants to purchase up to 15,819 shares of Series A Convertible Preferred Stock.
Except as specifically set forth herein, the holder(s) of the shares of Series B Convertible Preferred Stock shall have no other rights, privileges or preferences with respect to the Series B Convertible Preferred Stock.
B▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Chief Executive Officer The undersigned hereby elects to convert the number of shares of Series A Convertible Preferred Stock indicated below into shares of common stock, without nominal or par value (the “Common Stock”), of EHAVE INC., an Ontario, Canada corporation (the “Corporation”), according to the conditions hereof, as of the date written below.