Current Round Stock definition
Current Round Stock means Company’s Series B Preferred Stock, provided that if Company closes a round of equity financing in which Company issues and sells shares of its Series C Preferred Stock then from and after such closing the term “Current Round Stock” shall mean Company’s Series C Preferred Stock. “Next Round Stock” means Company’s Series C Preferred Stock (or whatever series is issued and sold in the next bona fide round of equity financing after the date hereof in which Company sells or issues shares of its equity securities), provided that if Company closes a round of equity financing in which Company issues and sells shares of its Series D Preferred Stock then from and after such closing the term “Next Round Stock” shall mean Company’s Series D Preferred Stock.