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Subscription Agreement - 6% Series G Convertible Preferred Stock -...

Riverside California Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock

Name: Riverside California Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock
Brand: US Legal Forms
Rating: 4.8 (307 reviews)

Category:

Corporations - Public - Stock Subscription Agreements

State:

Multi-State

County:

Riverside

Control #:

US-EG-9225

Format:

Instant download

Description

6% Series G Convertible Preferred Stock Subscription Agreement between ObjectSoft Corporation and Investors wherein the company shall issue and sell to the Investors preferred stock and company agrees to purchase warrant shares dated December 30, 1999.

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How to fill out Riverside California Subscription Agreement - 6% Series G Convertible Preferred Stock - Between ObjectSoft Corp. And Investors Regarding Issuance And Sale Of Preferred Stock?

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FAQ

A mandatory convertible is a security that automatically converts to common equity on or before a predetermined date. This hybrid security guarantees a certain return up to the conversion date, after which there is no guaranteed return but the possibility of a much higher return.

To comply with state regulations, the par value of preferred stock is recorded in its own paid-in capital account Preferred Stock. If the corporation receives more than the par amount, the amount greater than par will be recorded in another account such as Paid-in Capital in Excess of Par - Preferred Stock.

A "convertible security" is a securityusually a bond or a preferred stockthat can be converted into a different securitytypically shares of the company's common stock. In most cases, the holder of the convertible determines whether and when to convert.

Understanding the Conversion Premium As shown in the example above, the value of the converted preferred share is equal to the market price of common shares multiplied by the conversion ratio. Let's say Acme's stock currently trades at $12, which means the value of a preferred share is $78 ($12 x 6.5).

Definition of Preferred Stock Purchase Agreement The key provisions of preferred stock purchase agreements include: Amount of shares being sold. Price paid. Rights of the preferred holder. Representations and warranties of the company.

The company can make the convertible preferred stock journal entry when it is converted into common stock by debiting the preferred stock and additional paid-in capital preferred stock account and crediting the common stock and additional paid-in capital common stock account.

Convertible preferred stock is a type of hybrid security that has features of both debt and equity, arising from the dividend payment and conversion option, respectively.

A preferred stock is a type of hybrid investment that acts like a mix between a common stock and a bond. Like common stocks, a preferred stock gives you a piece of ownership of a company. And like bonds, you get a steady stream of income in the form of dividend payments (also known as preferred dividends).

A preferred stock purchase agreement is a contract where an investor purchases preferred stock in a company, pursuant to specified terms and conditions. For example, venture capitalists often invest in start-up companies pursuant to a preferred stock purchase agreement.

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Includes the transaction fees of 29,924. Not for display purposes. SUMMARY OF THE OFFER The net proceeds from this offering will be used to fund the development and launch of new vehicles (the “Future Product Development Program”); for general corporate purposes; for certain operational expenses; and for employee R&D, including, but not limited to, the completion of the development of prototypes for the Company's next generation vehicle systems (collectively with prototypes (“Polemics”) and the engineering and manufacturing of vehicle bodies for the Future Polemics and the Company's Model 3 Platform) and for the final design and production of the final vehicles. In connection with this offering, we will issue, and, subject to customary closing conditions (which we may adopt from time to time), we may, through the issuance of a series of notes, issue up to an aggregate of 300,000 of shares of our common stock.

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The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

Riverside California Subscription Agreement - 6% Series G Convertible Preferred Stock - between ObjectSoft Corp. and Investors regarding issuance and sale of preferred stock

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How to fill out Riverside California Subscription Agreement - 6% Series G Convertible Preferred Stock - Between ObjectSoft Corp. And Investors Regarding Issuance And Sale Of Preferred Stock?

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What is Series A mandatory convertible preferred stock?

How do you account for preferred stock?

What is a convertible preferred bond?

How do you value a convertible preferred?

What is a preferred stock agreement?

How do you record a convertible preferred stock?

How do you account for a convertible preferred stock?

Is convertible preferred stock equity or debt?

What is preferred stock and how does it work?

What is a preferred stock purchase agreement?

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What is the purpose of the 6% Series G Convertible Preferred Stock?

How can investors purchase the preferred stock?

What is the dividend rate for the preferred stock?

Can the preferred stock be converted into common stock?

What are the benefits of converting the preferred stock into common stock?

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