Series B Dilutive Issuance definition

Series B Dilutive Issuance means an issuance of Common Stock (including securities exercisable for or convertible into Common Stock) in a Financing for a consideration per share less than the Conversion Price of the Series B Preferred Stock in effect on the date of and immediately prior to such issue.
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Series B Dilutive Issuance means an issuance of New Securities for a consideration per share less than the Conversion Price of the Series B Preferred Stock in effect on the date of and immediately prior to such issue.
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Series B Dilutive Issuance means an issuance of Capital Stock in a Financing for a consideration per share less than the Conversion Price of the Series B Preferred in effect on the date of and immediately prior to such issuance.
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Examples of Series B Dilutive Issuance in a sentence

  • Such conversion shall be deemed to have been made immediately prior to the consummation of the Series A Dilutive Issuance or Series B Dilutive Issuance, as the case may be, unless the transfer books of the Corporation are closed on that date, in which event such holder shall be deemed to have become a holder of record of Common Stock on the next succeeding date on which the transfer books are open.

  • Such conversion shall be deemed to have been made immediately prior to the consummation of the Series A Dilutive Issuance, Series B Dilutive Issuance or Series C Dilutive Issuance, as the case may be, unless the transfer books of the Corporation are closed on that date, in which event such holder shall be deemed to have become a holder of record of Common Stock on the next succeeding date on which the transfer books are open.

  • Upon the conversion of Series B Preferred Stock held by a Nonparticipating Investor as set forth herein, such shares of Series B Preferred Stock shall no longer be outstanding on the books of the Corporation and the Nonparticipating Investor shall be treated for all purposes as the record holder of such shares of Series B1 Preferred Stock and, if applicable, Common Stock upon the Closing of the applicable Series B Dilutive Issuance.

  • The development process is further elaborated in Hallberg, Granåsen, Josefsson & Ekenstierna (2018).

  • Any holder of the particular series of Preferred Stock (in the event of a Series A Dilutive Issuance or Series B Dilutive Issuance, as appropriate) who fails to provide such written notice to the Corporation prior to the expiration of such holder's Purchase Right shall be deemed to be a Non-Participating Investor.

  • In the event that the Corporation shall propose to undertake a Series A Dilutive Issuance or Series B Dilutive Issuance, it shall give each holder of the particular series of Preferred Stock, as appropriate, a written notice (the "Pay- to-Play Notice") of its intention to sell New Securities at least thirty (30) days prior to the anticipated date of first sale of such New Securities (the "New Securities Closing Date").

  • Each share of Series B Preferred Stock held by a Non-Participating Investor who does not purchase such holder's full Pro Rata Share of New Securities in a Series B Dilutive Issuance, in accordance with the procedures set forth in Section 3(b)(ii)(C) hereof, shall automatically be converted into a share of Series B-1 Preferred Stock at a conversion rate of one fully paid and nonassessable share of Series B-1 Preferred Stock for each share of Series B Preferred Stock held by such holder.

  • Union density peaked in 1979 with 13,289,000 members.73 The rise in membership and militancy was often seen as a sign of the growth of ‘class struggle’ or ‘classconsciousness’ on the part of the working class.

  • The "Series B Forced Conversion Rate" shall be equal to the difference between the Conversion Rates in effect for the Series B Preferred Stock and the Series B-1 Preferred Stock immediately prior to the closing of the applicable Series B Dilutive Issuance.

  • The Series B Conversion Price shall be subject to adjustment from time to time as follows:4.3.2(a) Series B Dilutive Issuance.


More Definitions of Series B Dilutive Issuance

Series B Dilutive Issuance means an issuance of Common Stock (including securities exercisable for or convertible into Common Stock) in a
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Series B Dilutive Issuance shall have the meaning ascribed to it in Paragraph 1 of Part B of Schedule 5.
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Series B Dilutive Issuance means an issuance of Common Stock (including securities exercisable for or convertible into Common Stock) in a Financing for a consideration per share less than the Series B Preferred Conversion Price in effect on the date of and immediately prior to such issue. "Series A Dilutive Issuance" shall mean an issuance of Common Stock (including securities exercisable for or convertible into Common Stock) in a Financing for a consideration per share less than the Series A-1 Preferred Conversion Price or Series A-2 Preferred Conversion Price in effect on the date of and immediately prior to such issue.
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Related to Series B Dilutive Issuance

  • Dilutive Issuance shall have the meaning set forth in Section 5(b).

  • Dilutive Issuance Notice shall have the meaning set forth in Section 5(b).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

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

  • Common Stock Deemed Outstanding means the number of shares of Common Stock actually outstanding (not including shares of Common Stock held in the treasury of the Company), plus (x) pursuant to Paragraph 4(b)(i) hereof, the maximum total number of shares of Common Stock issuable upon the exercise of Options, as of the date of such issuance or grant of such Options, if any, and (y) pursuant to Paragraph 4(b)(ii) hereof, the maximum total number of shares of Common Stock issuable upon conversion or exchange of Convertible Securities, as of the date of issuance of such Convertible Securities, if any.

  • Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time.

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

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

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Series B Convertible Preferred Stock means the Series B Convertible Preferred Stock, $0.01 par value per share, of the Corporation.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

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

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

  • Mandatorily Convertible Securities means any mandatorily convertible equity-linked securities issued by the Borrower or its Subsidiary, so long as the terms of such securities require no repayments or prepayments and no mandatory redemptions or repurchases, in each case prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the Revolving Credit Advances and all other amounts due under this Agreement.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Fully Diluted Outstanding means, when used with reference to Common Stock, at any date as of which the number of shares thereof is to be determined, all shares of Common Stock Outstanding at such date and all shares of Common Stock issuable in respect of this Warrant, outstanding on such date, and other options or warrants to purchase, or securities convertible into, including without limitation the shares of Common Stock outstanding on such date which would be deemed outstanding in accordance with GAAP for purposes of determining book value or net income per share.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series A Convertible Preferred Stock means the Series A Convertible Preferred Stock, $0.001 par value per share, of the Corporation.

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.