Standard Preferred Stock definition

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.
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.

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”).


More Definitions of Standard Preferred Stock

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. ”MFN Amendment ProvisionIf the Company issues any Subsequent Convertible Securities prior to termination of this Safe, the Company will promptly provide the Investor with written notice thereof, together with a copy of all documentation relating to such Subsequent Convertible Securities and, upon written request of the Investor, any additional information to such Subsequent Convertible Securities as may be reasonably requested by the Investor. In the event the Investor determines that the terms of the Subsequent Convertible Securities are preferable to the terms of this instrument, the Investor will notify the Company in writing. Promptly after receipt of such written notice from the Investor, the Company agrees to amend and restate this instrument to be identical to the instrument(s) evidencing the Subsequent Convertible Securities.
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 and containing preferred terns standard to similar sized venture capital transactions.
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. All Standard Preferred Stock will be non-voting stock.

Related to Standard Preferred Stock

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

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

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.