Standard Shares definition
Standard Shares means the shares of the series of equity securities issued to the investors investing new money in the Company in connection with the initial closing of the Qualified Event (for the avoidance of doubt in the event of an Initial Public Offering or Direct Listing, this means Ordinary Shares).
Standard Shares means the shares of the most senior series of shares issued to the investors investing new money in the Company in the Equity Financing (and excluding for the avoidance of doubt, any shares issued upon (i) conversion of convertible loans and Safe instruments, and/or (ii) exercise of any preemptive rights that were provided by the Company to existing shareholders).
Standard Shares has the meaning set forth in Section 2.1(c).
Examples of Standard Shares in a sentence
In connection with the automatic conversion of this Safe into Safe Shares, the Investor will execute and deliver to the Company all of the transaction documents related to the Equity Financing; provided, that such documents are the same documents to be entered into with the purchasers of Standard Shares, with appropriate variations for the Safe Shares if applicable.
More Definitions of Standard Shares
Standard Shares means the type and class of Shares issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.