IPO Conversion Price means a price per share equal to 70% of the price per share (prior to underwriting discounts and commissions) of the Company’s common stock sold in the Initial Public Offering.
IPO Conversion Price has the meaning set forth in Section 3.1(a)(i).
IPO Conversion Price means a conversion price equal to 50% of the initial public offering price per share of the Common Stock offered to the public in the IPO.
Examples of IPO Conversion Price in a sentence
Following the completion of a U.S. Initial Public Offering on or prior to December 31, 2024, all Notes then outstanding shall be automatically converted into Common Shares at the IPO Conversion Price (an "IPO Conversion").
More Definitions of IPO Conversion Price
IPO Conversion Price means, with respect to an IPO, (x) the public offering price per share of the IPO Securities in the IPO multiplied by (y) one minus the applicable Discount Rate
IPO Conversion Price means, with respect to a Qualified IPO: (i) the public offering price per share of the Common Stock in the Qualified IPO multiplied by (ii) one (1) minus twenty percent (20%).
IPO Conversion Price means, with respect to an IPO, (x) the public offering price per share of the IPO Securities in the IPO multiplied by (y) one minus the applicable Discount Rate.
IPO Conversion Price means a conversion price per share equal to the lesser of (x) seventy-five percent (75%) of the per share public offering price stated on the front cover of the final prospectus for the IPO (before deduction of any underwriting commissions, expenses or other amounts), and (y) the quotient resulting from dividing (A) the Cap, by (B) the Company’s capitalization on a Fully Diluted Basis, as of immediately prior to the IPO Closing Date.
IPO Conversion Price means (subject to adjustment under Section 5.3) the lesser of the (i) price per share of Common Stock sold in the Qualified Public Offering, discounted by 20%, and (ii) price per share of Common Stock based on a pre money Company valuation of $50 million on a Fully Diluted Basis.
IPO Conversion Price means the per share volume-weighted average price of Acquirer Common Stock, as reported by Bloomberg L.P., over the 15 consecutive full days of trading ending on the date that is 30 trading days following the day Acquirer Common Stock is first traded on a national (U.S.) exchange.
IPO Conversion Price means the greater of (1) a 20% discount to the price per Common Share offered to the public in a U.S. Initial Public Offering and (2) the Non-IPO Conversion Price.