Series B2 Preferred Shares definition

Series B2 Preferred Shares means the Series B2 Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

Series B2 Preferred Shares means a Series B2 Preferred Share of US$0.0001 par value per share in the capital of the Company having the rights, preference and privileges attaching to it as set out herein.

Series B2 Preferred Shares means the series B2 convertible preferred share(s) of

Examples of Series B2 Preferred Shares in a sentence

• Convertible redeemable preferred shares (Note 32) issued by the Company comprise Series A Preferred Shares, Series B1 Preferred Shares, Series B2 Preferred Shares and Series C Preferred Shares (collectively, “Preferred Shares”) that are redeemable upon occurrence of certain future events at the option of the holders as detailed in Note 32.

• Prior to the Business Combination, we derived our liquidity and capital resources primarily from the issuance and sale of convertible preferred stock.We raised $110.9 million from preferred stockholders, including $53.1 million from the issuance of Navitas Ireland Series B-2 Preferred Shares in 2020.

• As set out in note 15, upon the completion of Reorganization in January 2021, the Company issued 7,854,226 and 48,428,221 Series B-2 Preferred Shares of the Company to the convertible note, warrants and onshore loans investors, respectively.

• Note (c): Series B Preferred Shares include Series B1 Preferred Shares, Series B2 Preferred Shares and Series B3 Preferred Shares; Series D Preferred Shares include Series D1 Preferred Shares and Series D2 Preferred Shares.

• Each of the Class B Ordinary Shares, Series A Preferred Shares, Series B Preferred Shares, Series B1 Preferred Shares and Series B2 Preferred Shares will automatically convert to Class A Ordinary Shares on a one-to-one basis upon the Listing.

• Upon the consummations of the SCGC Share Purchase and the HLC Conversion, SCGC Capital, GDHT Ventures, FSJC Ventures and HLC were issued 19,395,844, 16,935,553, 12,096,824 and 7,854,226 Series B-2 Preferred Shares by us, respectively.

• In connection with the onshore loan agreements, SCGC and its affiliates had entered into warrant purchase agreements with the Company to subscribe for and purchase from the Company the warrants convertible into Series B-2 Preferred Shares of the Company (“the Warrants”).

• Upon an exercise of the Warrants, The Company will issue Series B-2 Preferred Shares to the warrant holders.

• The interest rate by the TPL will be paid for down to 1% by these entities for approximately 5 years at which time it the buydown of interest will no longer be available.

• The Note was fully converted into Series B-2 Preferred Shares of the Company at a conversion price of US$0.6366 per share (the “HLC Conversion”).

More Definitions of Series B2 Preferred Shares

Series B2 Preferred Shares. - shall mean the Series B2 Preferred Share(s) of the Company, NIS 0.01 nominal value each.

Series B2 Preferred Shares means the series B2 preferred Shares (actions de préference de catégorie B2) issued by Company and outstanding on the date hereof.

Series B2 Preferred Shares means shares in the capital of the Company of US$0.0001 par value designated as redeemable Series B2 Preferred Shares and having the rights provided for in these Articles.