409A Valuation definition
Examples of 409A Valuation in a sentence
Prior to the IPO, such information may include, but shall not be limited to, the Company’s then-current summary capitalization table, the price per share for which the Company most recently prior thereto sold or issued shares of its convertible preferred stock to investors for cash in a bona fide equity financing of the Company, and the Company’s most recent 409A Valuation.
This number of shares of common stock constituting the Reserved BSE Common Equity was determined based on common stock valued at $6.79 per share based on the Sponsor’s most recent most recent BSE Common Equity 409A Valuation prior to the date of this Agreement.
Promptly upon Holder’s request, after its completion, the Company shall provide Holder with any 409A Valuation Reports or other similar reports prepared for the Company.
Promptly after the Company receives the 409A Valuation on June 15, 2015, it would issue to Autotelic warrants for 1,000 shares of its common stock ($1,000 of Actual Labor Cost divided by $1 per warrant price) at an exercise price of $5.00 per share.
Seller shall have performed, at their own expense, a 409A Valuation as set forth in Exhibit C.
For example, say that the Company’s first 409A Valuation is issued on June 15, 2015, and that it concludes that the warrant price of a share of the Company’s stock as of May 31, 2015 (the Valuation Date) is $1.00 and FMV of $5.00, and that the Actual Labor Cost for the period January 1, 2015 – May 31, 2015 is $1,000.
The undersigned represents that the representations set forth in Section 2.2(d) – (j) of the Purchase Agreement are true and correct as of the date of this Notice of Exercise.
Promptly thereafter, the Company shall provide to Holder, at its address set forth in Section 5.5 below, (i) the certificate required by Section 2.4 above describing such change to the Warrant Price, (ii) a copy of such 409A Valuation, and (iii) evidence of such Board of Directors approval or acceptance.
Prior to the IPO, such information may include, but shall not be limited to, the Company’s then-current summary capitalization table, the price per unit for which the Company most recently prior thereto sold or issued preferred units to investors for cash in a bona fide equity financing of the Company, and the Company’s most recent 409A Valuation.
Upon approval by the Company’s Board of Directors or its Compensation Committee following the completion of the 409A Valuation, the Company shall grant you an incentive stock option to purchase 12,711 Shares pursuant to a Stock Option Agreement, with terms comparable to your new hire equity award set forth above.