IPO Conversion Price definition

IPO Conversion Price means a price per share equal to 70% of the price per share (prior to underwriting discounts and commissions) of the Company’s common stock sold in the Initial Public Offering.

IPO Conversion Price means, with respect to an IPO, (x) the public offering price per share of the IPO Securities in the IPO multiplied by (y) one minus the applicable Discount Rate

IPO Conversion Price has the meaning set forth in Section 3.1(a)(i).

Examples of IPO Conversion Price in a sentence

• In the event that prior to the Maturity Date of this Note, the Maker shall consummate an IPO and its Common Stock shall be approved for listing or trading on any Qualified Securities Market, the entire Outstanding Balance of this Note shall automatically, and without any further consent or approval of the Holder, be converted into Common Stock of the Maker at the IPO Conversion Price.

• The IPO Conversion Price and the Alternative Liquidity Event Conversion Price (either, the “Mandatory Conversion Price”) shall be subject to adjustment, as provided for in Section 3(f) below.

• If an Initial Public Offering occurs prior to the payment in full of the principal amount of this Note, then the outstanding principal amount of this Note and all accrued and unpaid interest on this Note shall automatically convert immediately prior to such Initial Public Offering, into fully paid and nonassessable shares of the Company’s common stock at the IPO Conversion Price.

• The number of shares of common stock to be issued upon such conversion shall be equal to the quotient obtained by dividing (i) the Payment Amount by (ii) the IPO Conversion Price.

• In the event of a Qualified IPO, but subject to the closing of such Qualified IPO, the Amount Due shall convert in full on the closing date of such Qualified IPO into a number of Shares equal to (a) the Amount Due on such closing date divided by (b) the applicable IPO Conversion Price.

More Definitions of IPO Conversion Price

IPO Conversion Price means a conversion price equal to 50% of the initial public offering price per share of the Common Stock offered to the public in the IPO.

IPO Conversion Price means, with respect to an IPO, (x) the public offering price per share of the IPO Securities in the IPO multiplied by (y) one minus the applicable Discount Rate.

IPO Conversion Price means (subject to adjustment under Section 5.3) the lesser of the (i) price per share of Common Stock sold in the Qualified Public Offering, discounted by 20%, and (ii) price per share of Common Stock based on a pre money Company valuation of $50 million on a Fully Diluted Basis.

IPO Conversion Price means the per share volume-weighted average price of Acquirer Common Stock, as reported by Bloomberg L.P., over the 15 consecutive full days of trading ending on the date that is 30 trading days following the day Acquirer Common Stock is first traded on a national (U.S.) exchange.

IPO Conversion Price means the lesser of (x) the price per share paid by the new cash participants in the Initial Public Offering (the “Public Offering Price”) multiplied by the Discount Rate of 77% and (y) $7.50 per share (as adjusted for stock splits and the like). For instance, for any Public Offering Price greater than $9.75 the Investor will receive the same number of shares of Common Stock because the $7.50 cap represents a gain of at least 30%. If the Public Offering Price is below $9.75, the Investor receives additional shares of Common Stock such that the return on the Purchase Amount will be approximately 30%.

IPO Conversion Price means the conversion price at which the IFC CCDs shall be converted into equity shares of the Company which results in the IFC CCD holder holding such number of equity shares of the Company which shall provide the IPO Yield to the holder of the IFC CCDs; at an equity valuation of the Company calculated on the basis of the lower end of the indicative price band provided by the merchant bankers appointed by the Company for the purposes of the QIPO, prior to filing of the updated draft red herring prospectus in relation to the QIPO, by the Company.” Such indicative price band provided by the relevant merchant bankers appointed by the Company for the purposes of the QIPO, prior to filing of the updated draft red herring prospectus in relation to the QIPO, referred to as the “Indicative Price Band”

IPO Conversion Price means a conversion price equal to $2.75 per share.