All of the securities issuable
in the private placement are subject to resale restrictions ending on December 29, 2019.
In this instance, the entitlement is to the additional common shares issuable
as a result of the stock split.
The aggregate number of shares of Common Stock to be issued pursuant to the Class A Units and issuable
upon conversion of all the Series E Convertible Preferred Stock is 2,600,000.
The stock dividend will be issuable
on or about July 2, 2019 to shareholders of record as of June 14, 2019.
Holders of the preferred stock are expected to receive 4.1254 shares of WPX common stock for each share of preferred stock they hold on the mandatory conversion date of July 30, 2018, with cash to be paid in lieu of any fractional shares.<br />The number of shares of common stock issuable
on conversion is determined as set forth in the certificate of designations of the preferred stock.
Consideration paid to shareholders of the influencer marketing company will be in the form of cash and IZEA stock paid or issuable
at closing and over the next 12-month period.
The dividend is issuable
on or about June 29, 2018 to shareholders of record as of June 15, 2018.
The conversion price of its securities and the number shares of common stock issuable
upon conversion will be split-adjusted.