Next Round Stock definition

Next Round Stock means the class or series of the Company’s preferred equity securities issued in connection with the Next Round Financing.
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Next Round Stock means the Company’s convertible preferred stock issued and sold in the Next Round.
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Next Round Stock means the class of stock sold by Company to investors in connection with Company’s first bona fide round of equity financing resulting in net cash proceeds to Company of not less than $1,000,000 following the Issue Date, provided that such round of equity financing is consummated prior to (i) the occurrence of an Acquisition in which the provisions of Section 1.6 hereof are satisfied and (ii) the occurrence of an IPO in which the provisions of Section 2.3 hereof are satisfied (the “Next Round”).
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Examples of Next Round Stock in a sentence

  • The Shares for which this Warrant is exercisable upon such election, if at all, shall bear the same rights, preferences, and privileges of such Next Round Stock.

  • Company shall provide Holder no less than ten (10) days’ written notice prior to any sale of Next Round Stock.

  • The Shares for which this Warrant is exercisable upon such election, if at all, shall bear the same rights, preferences, and privileges applicable to all holders of such Next Round Stock.

  • Company shall provide Holder no less than fifteen (15) Business Days’ written notice prior to any sale of Next Round Stock (the “Next Round Notice”).

  • As used herein, “Next Round Price” means the price per share paid by the lead investor for the Next Round Stock in connection with the Next Round.

  • Inflation in salaries, benefits and other expenses is expected to result in annual increases in the registration fee to a high of $178 by 2013.

  • For the avoidance of doubt, in the event that there are multiple Qualified Financings prior to the Corporation raising the Gross Raise Amount, then upon the initial closing of each Qualified Financing, if the Requisite Series C Holders have not yet elected to convert into the Next Round Stock, the Requisite Series C Holders may elect to do so, provided that the Requisite Series C Holders are only entitled to one election pursuant to this Section 4(a)(ii).

  • The Corporation shall, as soon as practicable thereafter and upon compliance of such holder with the requirements of this Section 4(c)(ii), issue and deliver at such office to such holder of such Series C Preferred Stock, or to the nominee or nominees of such holder, a certificate or certificates for the number of shares of the Next Round Stock equal to the number of shares of Series C Preferred Stock as determined pursuant to Section 4(a)(ii) above.

  • Moreover, each holder shall also become a party and subject to all of the agreements and other terms of the Qualified Financing and otherwise agree to execute and deliver such other documents and certificates as are generally requested and provided by other purchasers of Next Round Stock.

  • Upon the election and conversion of the Series C Preferred Stock into the Next Round Stock, the option to convert any shares into Next Round Stock pursuant to this Section 4(a)(ii) shall cease.


More Definitions of Next Round Stock

Next Round Stock means the series of the Company’s preferred equity securities issued in connection with the Company’s next bona fide round of preferred stock equity financing that closes on or before June 30, 2012 resulting in net proceeds to the Company of not less than $20,000,000 (the “Next Equity Round”). Warrant Price: Either (a) $0.3964 per Share, if the Class of Stock is Series D Preferred Stock or (ii) the lowest price per Share paid by an investor for a Share of Next Round Stock in connection with the Next Equity Round, if the Class of Stock is Next Round Stock. Issue Date: March 12, 2012 Expiration Date: The 10th anniversary after the Issue Date
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Next Round Stock means (i) the series of preferred stock of Borrower Representative issued in the next Qualified Financing involving the issuance of preferred stock having rights and economic attributes which are superior to or senior to the rights and attributes of the Series B Stock and resulting in cash proceeds (excluding proceeds from the conversion or cancellation of indebtedness outstanding on and as of the Closing Date) of at least $20,000,000, in a financing in which the cash purchase price per share was determined by negotiations with a bona fide lead investor that is not an existing investor or an affiliated investment fund of an existing investor and that is investing an amount in the financing reasonably commensurate with the investment of a lead investor in a typical venture capital financing of a similar scale, and excluding, for avoidance of doubt, any subsequent closing of the Series B Preferred Stock financing, or (ii) any shares of capital stock and/or other securities of Borrower Representative issued in any Qualified Financing that is consummated after the Issue Date but prior to the Qualified Financing described in clause (i); provided that to the extent that the securities issued in a Qualified Financing are convertible notes, SAFEs or other securities or instruments convertible into or exercisable for shares of capital stock (other than priced shares) (“Convertible Securities”), the Loans shall be convertible into such Convertible Securities only for so long as the Convertible Securities issued in such Qualified Financing remain outstanding and have not been converted into shares.
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Next Round Stock shall have the meaning provided in the definition of Company Stock.
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Next Round Stock means the class or series of equity securities issued by Company in connection with the next bona fide round of equity financing to occur after the date this Warrant is issued. “Next Round Price” means the lowest price per share paid by an investor for the Next Round Stock. Notwithstanding the foregoing, in the event that prior to the issuance of any Next Round Stock the Company is acquired by another entity then, in such event, the Stock Purchase Price shall be One Dollar Twenty Five Cents ($1.25) and this Warrant shall be exercisable for the Applicable Number of shares of the Company’s Series A Preferred Stock in lieu of being exercisable for the Next Round Stock and the term Preferred Stock as used in this Warrant shall refer to the Company’s Series A Preferred Stock. The “Applicable Number” of shares of Preferred Stock purchasable hereunder shall be equal to the number obtained by dividing (A) One Hundred Twenty Thousand Dollars ($120,000) by (B) the Stock Purchase Price; provided, however, that in the event the aggregate original principal amount of Growth Capital Loans funded to Company by Lender exceeds One Million Dollars ($1,000,000) then, in such event, the Applicable Number of shares of Preferred Stock purchasable hereunder shall be equal to the number obtained by dividing (A) Two Hundred Thousand Dollars ($200,000) by (B) the Stock Purchase Price. As soon as reasonably practicable after the occurrence or non-occurrence of the latest event or condition necessary to determine the actual number, class and series of shares of stock issuable upon exercise of this Warrant, the Company shall execute and deliver a supplement to this Warrant in substantially the form of Exhibit “A” attached hereto, completed with such quantity term and other information as has been determined as a result of the occurrence or non-occurrence of such events or conditions. The provisions of such supplement, once completed and executed, shall control the interpretation and exercise of this
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Next Round Stock means a series of fully paid and non-assessable shares of Payor's preferred equity securities to be authorized and issuable by Payor on or before the Maturity Date (as defined below), which preferred equity securities will have the same relative rights and privileges as are afforded under Payor's Series B Convertible
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Next Round Stock means (i) the series of preferred stock of the Company issues in the first Qualified Financing involving the issuance of preferred stock having rights and economic attributes which are superior to or senior to the rights and attributes of the Series B Preferred Stock and resulting in cash proceeds (excluding proceeds from the conversion or cancellation of indebtedness outstanding on and as of the Issue Date hereof) of at least $20,000,000, in a financing in which the cash purchase price per share was determined by negotiations with a bona fide lead investor that is not an existing investor or an affiliated investment fund of an existing investor and that is investing an amount in the financing reasonably commensurate with the investment of a lead investor in a typical venture capital financing of a similar scale, and excluding, for avoidance of doubt, any subsequent closing of the Series B Preferred Stock financing, or (ii) any shares of capital stock and/or other securities of the Company issued in any Qualified Financing that is consummated after the Issue Date but prior to the Qualified Financing described in clause (i); provided that to the extent that the securities issued in a Qualified Financing are convertible notes, SAFEs or other convertible securities (other than priced shares (“Convertible Securities”), this Warrant shall only be exercisable for such Convertible Securities for so long as the Convertible Securities issued in such Qualified Financing remain outstanding and have not been converted into shares.
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Related to Next Round Stock

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • Series A Common Stock means the Series A Common Stock, par value $0.01 per share, of the Company.

  • Company Convertible Securities means, collectively, any options, warrants or rights to subscribe for or purchase any capital stock of the Company or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any capital stock of the Company.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • New Common Stock means shares of Common Stock and/or securities convertible into, and/or other rights exercisable for, Common Stock, which are offered or sold in a New Transaction.

  • Common Stock means the common stock of the Company.

  • Common Stock Equivalent means any Convertible Security or warrant, option or other right to subscribe for or purchase any Additional Shares of Common Stock or any Convertible Security.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.