Common Stock

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Common Stock

Evidence of participation in the ownership of a corporation that takes the form of printed certificates.

Each share of common stock constitutes a contract between the shareholder and the corporation. The owner of a share of common stock is ordinarily entitled to participate in and to vote at stockholders' meetings. He or she participates in the profits through the receipt of dividends after the payment of dividends on preferred stock. Shares of common stock are the Personal Property of their holder.

common stock

n. stock in a corporation in which dividends (payouts) are calculated upon a percentage of net profits, with distribution determined by the Board of Directors. Usually holders of common stock have voting rights. These are distinguished from preferred stock in which the profits are a predetermined percentage and are paid before the common shareholders who gamble on higher profits, and collectively have voting control of the corporation. (See: corporation, stock, share, preferred stock)

See: kinship, relation
References in periodicals archive ?
1) if the volume-weighted average price, calculated excluding some transactions on the relevant date that would not qualify for a regulatory safe harbor relating to issuer repurchase transactions, of the Company's common shares on the valuation date for such component is less than or equal to $11.
Accordingly, the Sputnik Group announces that the Sputnik Group, the Drake Group and Field Nominees, own and control, in the aggregate, 4,125,300 common shares of Innova, representing approximately 10.
The Preferred Shares will only be converted into Common Shares after the Preferred shareholders surrender their preferred share certificates to any of the Company's addresses in Canada, Philippines or the U.
Pursuant to the Amalgamation, the holders of Cannasat Common Shares and Cannasat Class A Shares received Amalco Common Shares with a deemed value of $0.
Direct IT common shares are presently halted from trading and it is proposed that the trading halt will remain in effect until receipt of final shareholder and TSX Venture Exchange approval and all other closing conditions are met.
now holds an aggregate of 10,630,645 common shares of the Corporation, representing 14.
Wingate also received an Agent's Warrant with a term of two years from the date of the issuance of the Agent's Warrant for 20,000 warrants each entitling Wingate to purchase one common share of Icefloe at an exercise price of $0.
After completion of the amalgamation, holders of Common Shares of the Corporation will hold 6,532,664 Common Shares of Amalco.
The directors who are participating in the exchange, either directly or indirectly through companies they control, are as follows: Paul Delage Roberge, Chairman of the Board of the Company, will receive 3,285,484 new common shares in exchange for his debentures.
Following this closing, 201,000 Common Shares, 543,000 flow through shares and 382,000 Common Share Purchase Warrants will be issued for the subscription of the A and B Units.
to Acquireco in consideration for the assumption of all liabilities of the existing business and operations of Direct IT plus 1,020,000 common shares of Direct IT, representing all of the shares of Direct IT currently held by George Lykoudis, the President of Direct IT.