Examples of Series B Price in a sentence

If the Qualified Fundraise is consummated and the IRR for the Investors from the Series B Price to the Qualified Fundraise price is between 35% and 45%.
The value will be proportional to the IRR target achieved and calculated per following formula: 1% + 1% * (Achieved IRR – 35%) / 10%; or2%If the Qualified Fundraise is consummated and the IRR for the Investors from the Series B Price to the Qualified Fundraiseprice is equal to or more than 45%.
The value will be proportional to the IRR target achieved and calculated per following formula:1% + 1% * (Achieved IRR ʹ35%) / 10%; or2% If the Qualified Fundraise is consummated and the IRR for the Investors from the Series B Price to the Qualified Fundraise price is equal to or more than 45%.

More Definitions of Series B Price

Series B Price means $7.968, as adjusted from time to time upon the occurrence of events described in Article 2 hereof that occur on or after the Issue Date hereof.

Series B Price means the price per share of the equity securities issued at the Series B Financing Closing.

Series B Price means $4.0000 per share.

Series B Price means $0.8245 per share.

Series B Price means, for a share of Series B Preferred Stock on any date, the product of ten (as adjusted for any Common Stock dividends, combinations, stock splits, recapitalizations and the like each with respect to shares of Common Stock) times the average Closing Price of Common Stock for the ten (10) consecutive Trading Days immediately prior to such date; provided, however, that if there is no Closing Price for the Common Stock, the Series B Price on any particular date shall be determined by an investment banking firm of national standing selected by the holders of a majority of the then outstanding shares of Series B Preferred Stock.

Series B Price is equal to the quotient obtained by dividing (A) $17,000,000 by (B) the Series B Conversion Capitalization.

Series B Price means $1.50 per share.