Bridge Shares definition

Bridge Shares means shares of the Company’s Common Stock issued to each Purchaser equal to and based on (A) 100% of the Face Value of each Purchaser’s Note divided by the Company’s IPO price upon the pricing of the Company’s IPO or (B) if the Company fails to complete the IPO before the Maturity Date, the number of shares calculated using a $27 million pre-money valuation for the Company and the number of the Company’s shares outstanding on the Maturity Date.
Sample 1Sample 2Sample 3
Bridge Shares means the shares of Common Stock issued or issuable upon exercise of the Bridge Warrants in accordance with the terms thereof and any Common Stock issued as or issuable upon the conversion or exercise or any warrant, option, right, or other security which is issued as a dividend or other distribution with respect to or in exchange for or in replacement of the shares of Common Stock issued or issuable upon exercise of the Bridge Warrants.
Sample 1
Bridge Shares means the up to 12,308,929 shares of Class A Stock constituting a portion of the shares of Class A Stock our Sponsor committed to purchase pursuant to the Sponsor Subscription Agreement that our Sponsor may transfer to third parties in compliance with the Securities Act prior to the closing of the Business Combination.
Sample 1Sample 2

Examples of Bridge Shares in a sentence

  • Whenever the Base Price is adjusted pursuant to any provision of this Section 6.24, the Company shall promptly email to the Holder a notice setting forth the Base Price after such adjustment and any resulting adjustment to the number of Bridge Shares and setting forth a brief statement of the facts requiring such adjustment.

  • By way of example, if E is the total number of Bridge Shares in effect immediately prior to such Dilutive Issuance, F is the Base Price in effect immediately prior to such Dilutive Issuance, and G is the Dilutive Issuance Price, the adjustment to the number of Bridge Shares can be expressed in the following formula: Total number of Bridge Shares after such Dilutive Issuance = the number obtained from dividing [E x F] by G.

  • If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives for the Bridge Shares following such Fundamental Transaction.

  • Until the Notes are no longer outstanding, whenever the Base Price is adjusted under Section 6.24(b), the number of Bridge Shares shall be increased on a full ratchet basis to the number of shares of Common Stock determined by multiplying the Base Price then in effect immediately prior to such adjustment by the number of Bridge Shares issuable immediately prior to such adjustment and dividing the product thereof by the Base Price resulting from such adjustment.


More Definitions of Bridge Shares

Bridge Shares shall have the meaning given in the Recitals hereto.
Sample 1Sample 2
Bridge Shares means the Capital Stock of the Borrower to be issued to the Lenders pursuant to the provisions of the Stock Purchase Agreement.
Sample 1
Bridge Shares has the meaning stated in Section 2.01(b).
Sample 1
Bridge Shares has the meaning given it in the recitals of this Agreement.
Sample 1

Related to Bridge Shares

  • Note Shares means the shares of Common Stock issuable upon conversion of a Note, including any outstanding principal and accrued interest.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).