Baudax Bio Announces Distribution of Series B Preferred Stock to Holders of its Common Stock
The shares of SeriesB Preferred Stock will be distributed to such recipients at 5:00p.m.
- The shares of SeriesB Preferred Stock will be distributed to such recipients at 5:00p.m.
- Subject to certain limitations, each outstanding share of SeriesB Preferred Stock will have 1,000,000 votes per share (or 1,000 votes per one one-thousandth of a share of SeriesB Preferred Stock).
- The SeriesB Preferred Stock will be uncertificated, and no shares of SeriesB Preferred Stock will be transferable by any holder thereof except in connection with a transfer by such holder of any shares of the Companys common stock held by such holder.
- These forward-looking statements are based on information currently available to Baudax Bio, and Baudax Bio assumes no obligation to update any forward-looking statements except as required by applicable law.