Examples of Series B Investor in a sentence
However, if at any time such Series B Investor holds less than sixty percent (60%), but at least forty percent (40%), of the Series B Preferred Stock issued to it on January 15, 2020, such Series B Investor would only be entitled to elect one director to the Board.
In connection with the Series B Offering, and as partial payment of the placement agent’s fees in connection therewith, the Company issued to the placement agent and certain of its principals warrants to purchase an aggregate of 72,230 shares of common stock at an exercise price of $3.54 per share (the “Series B Placement Agent Warrants, and together with the Series B Investor Warrants, the “Series B Warrants”) with a fair value of $0.2 million at issuance.
At the time of issuance, the relative fair value of the Series B Investor Warrants was estimated at $1.6 million using the Black-Scholes model and recorded as issuance costs.
Series B+ Financing On June 28, 2020, among others, our Company, certain then existing Shareholders and our Series B+ Investor entered into a capital increase agreement (the “Series B+ Investment Agreement”), pursuant to which the Series B+ Investor agreed to invest in our Company by subscription of the increased registered capital of our Company of RMB291,666 at a consideration of RMB50,000,000 (the “Series B+ Financing”).
Molded cover shall be capable of withstanding vertical load proof test of 20,000 lbf when tested in the corresponding body.