Examples of Cap Table in a sentence
Except as provided for in this Agreement or as described in the Cap Table, no person has any (i) options, warrants, or other rights to purchase or receive any securities of Company, (ii) securities exercisable, convertible or exchangeable into other securities of Company, or (iii) rights of first refusal or preemptive rights in connection with the issuance of the Shares or with respect to any future offer, sale or issuance of securities by Company.
Upon the issuance of the Shares under Section 4.2.1 or any Anti-Dilution Shares under Section 4.2.3, Licensee shall provide Harvard with a Cap Table listing all of the capital stock (and owners of record thereof) of Licensee on a Fully-Diluted Basis as of the date of issuance of the Shares or Anti-Dilution Shares, as the case may be.
The Cap Table accurately and completely sets forth the capital stock that Company is authorized to issue and the beneficial ownership of the shares of each class and series of capital stock and of the securities convertible, exercisable or exchangeable for or into shares of Company’s capital stock that will be outstanding immediately after the Closing Date.
Except as provided for in this Agreement or as described in the Cap Table, Company is not a party to any agreement or commitment that obligates Company to register under the Securities Act any of Company’s presently outstanding securities or any of Company’s securities that may be issued after the Closing Date.
Upon the issuance of the Shares under Section 4.2.1 or any Anti-Dilution Shares under Section 4.2.3, Licensee shall provide Harvard with a Cap Table listing all of the capital stock (and owners of record thereof) of Licensee on a Fully- Diluted Basis as of the date of issuance of the Shares or Anti-Dilution Shares, as the case may be.
Indeed, the Post-Money SAFE uses only pnew , although it also moves to what is effectively Cap Table accounting with respect to calcula- tion of the “SAFE price” psafe .
The fully rational players correctly apply one of two accounting methods, Liability accounting and Cap Table accounting.
Cap Table accounting requires that the share price be calculated knowing the number of shares to be issued for the convertible instrument, which in turn depends on the company valuation and/or share price.
For all referred leads that adopt WOWS Cap Table & ESOP, the referring investment partner is entitled to the first 1,000 USD generated in revenue within 12 months from customer onboarding.
However, should the Company come to issue any shares of common stock under this or any other agreement that is not reflected in the Cap Table, the Company will, at the final close of this offering, make an adjustment to the conversion rate such that upon conversion the holders of preferred shares will control the agreed upon percentage of the shares of the Company.