Prior Stock Issuances Sample Clauses
The "Prior Stock Issuances" clause defines how previously issued shares or securities are treated under the current agreement. It typically requires the company to disclose all stock, options, or convertible securities that were issued before the effective date of the agreement, often including details such as the number of shares, recipients, and terms. This clause ensures that all parties have a clear understanding of the company's existing capital structure, preventing misunderstandings or disputes about ownership percentages and protecting new investors from unexpected dilution.
Prior Stock Issuances. All offers and sales of capital stock of the Company prior to the date hereof were at all relevant times duly registered or exempt from the registration requirements of the Act and were duly registered or subject to an available exemption from the registration requirements of the applicable state securities or blue sky laws.
Prior Stock Issuances. The Company has, in its history, issued securities to its officers, directors and others in lieu of cash payments for services, for funds invested into the Company, or both. While the Company believes that its prior actions undertaken properly and in accordance with the requirements of state and federal securities laws, there remain risks that these prior transactions may be later questioned and the Company may incur significant costs.
Prior Stock Issuances. All offers and sales of capital stock of the Company prior to the date hereof were at all relevant times duly registered or exempt from the registration requirements of the Securities Act and were duly registered or subject to an available exemption from the registration requirements of the applicable state securities or blue sky laws.