Common use of Conversion of Preferred Stock Clause in Contracts

Conversion of Preferred Stock. If the Class is a class and series of the Company’s preferred stock that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock pursuant to the provisions of the Company’s Certificate of Incorporation, including in connection with the Company’s initial, underwritten public offering and sale of Common Stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred), this Warrant shall be exercisable for such number of shares of Common Stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 2 contracts

Samples: Warrant Agreement (Leo Holdings III Corp.), Warrant Agreement (Local Bounti Corporation/De)

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Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Certificate of Incorporation (as amended and in effect from time to time, the “Certificate of Incorporation”), including including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 2 contracts

Samples: ThredUp Inc., ThredUp Inc.

Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Amended and Restated Certificate of Incorporation, including as amended and/or restated from time to time (the “Certificate of Incorporation”), including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 2 contracts

Samples: Sigilon Therapeutics, Inc., Sigilon Therapeutics, Inc.

Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Amended and Restated Certificate of IncorporationIncorporation (as may be amended from time to time, including the “Charter”), including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 2 contracts

Samples: HTG Molecular Diagnostics, Inc, HTG Molecular Diagnostics, Inc

Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Amended and Restated Certificate of Incorporation, including as amended or restated and in effect from time to time (the “Restated Certificate”), including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 1 contract

Samples: Blueprint Medicines Corp

Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Amended and Restated Certificate of Incorporation (as amended from time to time, the “Certificate of Incorporation”), including including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 1 contract

Samples: aTYR PHARMA INC

Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Amended and Restated Certificate of IncorporationIncorporation (as amended from time to time, including the “Restated Certificate”), including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 1 contract

Samples: Beyond Meat, Inc.

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Conversion of Preferred Stock. If the Class is a class and series of the Company’s 's convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s 's Certificate of Incorporation, including as such may be amended from time to time (the "CERTIFICATE OF INCORPORATION") including, without limitation, in connection with the Company’s 's initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the "IPO"), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 1 contract

Samples: Consulting Agreement (Safe Lane Systems, Inc.)

Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Amended and Restated Certificate of Incorporation, including as amended and in effect from time to time (the “Restated Certificate”), including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 1 contract

Samples: Investor Rights Agreement (Blueprint Medicines Corp)

Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock stock, in the event that is convertible into Common Stock, if all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into Common Stock common stock pursuant to the provisions of the Company’s Certificate of IncorporationIncorporation as amended and in effect from time to time (the “COI”), including including, without limitation, in connection with the Company’s initial, underwritten public offering and sale of Common Stock its common stock pursuant to an effective registration statement under the Act (the “IPO”), then from and after the date on which all outstanding shares of the Class have been so converted (and to the extent a Mandatory Exercise Transaction shall not have occurred)converted, this Warrant shall be exercisable for such number of shares of Common Stock common stock into which the Shares would have been converted had the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of shares of Common Stock common stock into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

Appears in 1 contract

Samples: Alx Oncology Holdings Inc

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