Seems: History Of Running And Its Growth
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The Plan is similar to plans adopted by other companies with significant NOLs. As of Sept. These NOLs, which have increased significantly in recent months, are available to reduce the Company's future federal income tax expense and represent significant value to the Company. Generally, an "ownership change" occurs if the percentage of UAL's stock owned by one or more of its "5-percent shareholders" as such term is defined in Section of the Code increases by more than 50 percentage points over a rolling three-year period. In light of the volatility and decline in the market price of UAL's common stock resulting from the sharp decline in demand for air travel caused by the COVID pandemic and other macroeconomic factors and in light of potential transactions involving the sale or issuance of UAL common stock, UAL's Board of Directors determined to adopt the Plan Og prevent an inadvertent History Of Running And Its Growth of the Company's NOLs. Pursuant to the Plan, UAL will issue, by means of a dividend, one preferred share purchase right for each outstanding share of UAL common stock to stockholders of record at here close of business on December 14, Histry are not required to take any action to receive the rights.
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Initially, these rights will not be exercisable and will trade with, and be represented by, the shares of UAL common stock. UAL intends to submit the Plan to a vote of its stockholders at its annual meeting.
The Plan will expire on the first business click following the certification of the voting results for UAL's annual meeting, unless UAL's stockholders ratify the Plan at such meeting, in which case the Plan will continue in effect until Dec. Under the Plan, the rights generally become exercisable only if a person or group an "acquiring person" acquires beneficial ownership of 4. The History Of Running And Its Growth, at its option, may exchange each right other than rights owned by the acquiring person that have become void in whole or in part, at an exchange ratio of one share of UAL common stock per outstanding right, subject to adjustment. If a person or group beneficially owns 4.
However, grandfathered shareholders will generally not be permitted to acquire Itss additional shares. Securities and Exchange Commission. United's shared purpose is "Connecting People. Uniting the World.
Non-profits like Thurgood Marshall College Fund, College to Congress and Compass to Care are attempting to raise a total of more than 11 million miles to be used for travel for life-saving health care, continued education, humanitarian History Of Running And Its Growth and more. United will match the firstmiles raised for each of these organizations to help ensure they meet their goals. This Giving Tuesday marks an opportunity for us to all come together for the greater good and we are proud to provide a platform to support organizations with upcoming travel needs that will enable them to continue supporting the communities they serve.
The launch of these campaigns is part of United's ongoing Miles on a Mission program, which began in October and has raised more than 92 million miles to-date. Past campaigns have helped organizations travel children for life-saving medical treatment and unite parents with newly adopted children from foreign countries.
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Participating non-profits have days to reach their mile raising goals through the platform. Other organizations launching campaigns on the platform include: Sisters of the Skies, Inc. To learn more or donate to these organizations, please visit donate. Visit www. Starting for flights departing on December 7, customers originating from George Bush Intercontinental Airport IAH will have the option to take a self-collected, mail-in test that meets local entry requirements for the following destinations, allowing them to reunite with family or start their vacation immediately:.]
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