Standard Preferred Stock definition

Standard Preferred Stock means the shares of a series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.

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Standard Preferred Stock means the shares of a series of Preferred Stock issued to the investors

Standard Preferred Stock means the shares of a series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Financing Preferred Stock, except that such series will have no voting rights, other than required by law.

Examples of Standard Preferred Stock in a sentence

• The Investor shall have the right to purchase its pro rata share of Standard Preferred Stock being sold in the Equity Financing (the “Pro Rata Right”).

• If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into the greater of: (1) the number of shares of Standard Preferred Stock equal to the Purchase Amount divided by the lowest price per share of the Standard Preferred Stock; or (2) the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Safe Price.

• Safe Preferred Stock will have the same rights, privileges, preferences and obligations as Standard Preferred Stock, but the liquidation preference, conversion price, and dividend rate will be calculated based on the price per share of the Safe Preferred Stock.

• This is a safe with a negotiated Discount Rate, e.g., a 20% discount off the price per share of the Standard Preferred Stock, applied to the conversion of this safe into shares of Safe Preferred Stock.

• Upon the issuance of Standard Preferred Stock or Safe Preferred Stock, as applicable, the Company and the ▇▇▇▇ ▇▇▇▇▇ Network shall enter into an agreement granting the ▇▇▇▇ ▇▇▇▇▇ Network the rights set forth in this Section 5.

• If the Equity Financing occurs prior to the Incorporation Event, all amounts, prices, ratios and percentages necessary to affect the issuance of Safe Preferred Stock to the Investor pursuant hereto shall be calculated as if the corporation resulting from the Incorporation Event had issued the number of shares of Standard Preferred Stock issued to the holders of the Preferred Securities as a result of the Incorporation Event for the same consideration that they paid in the Equity Financing.

• In connection with the issuance of Safe Preferred Stock by the Company to the Investor pursuant to this Section 2(a), the Investor will execute and deliver to the Company all transaction documents related to the Equity Financing; provided, that such documents are the same documents to be entered into with the purchasers of Standard Preferred Stock, with appropriate variations for the Safe Preferred Stock if applicable.

• If there is an Equity Financing before the expiration or termination of this instrument, the Company will automatically issue to the Investor the greater of: (1) the number of shares of Standard Preferred Stock equal to the Purchase Amount divided by the lowest price per share of the Standard Preferred Stock; or (2) the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Safe Price.

• If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into the greater of (i) the number of shares of Standard Preferred Stock equal to the Purchase Amount divided by the lowest price per share of the Standard Preferred Stock or (ii) the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Safe Price.

• SAFE Preferred Stock has the same “rights, privileges, preferences and obligations” as Standard Preferred Stock, but the liquidation preference, conversion price, and dividend rate are calculated based on the price per share of the Safe Preferred Stock.

More Definitions of Standard Preferred Stock

Standard Preferred Stock means the shares of a series of Preferred Stock issued to the Purchasers investing new money in the Company in connection with the initial closing of the Equity Financing.

Standard Preferred Stock means (i) with respect to a Company that is a corporation at the time of the Equity Financing, the shares of a series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing, or (ii) with respect to a Company that is a limited liability company at the time of the Equity Financing, the shares of the series of Preferred Stock issued as a result of the Incorporation Event to holders of the Preferred Securities which were issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.

Standard Preferred Stock means the shares of the series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing. As of the date of this SAFE no Standard Preferred Stock has been authorized or issued. The Company expects to authorize and issue any such Standard Preferred Stock prior to and in connection with the Equity Financing, if any.