Basic Financial Information. The Company will furnish to each Purchaser holding that number of shares equal to or in excess of the quotient determined by dividing (x) the Major Purchaser Dollar Threshold by (y) the Purchase Price, rounded up to the next whole share (a “Major Purchaser”) and any entity which requires such information pursuant to its organizational documents when available (1) annual unaudited financial statements for each fiscal year of the Company, including an unaudited balance sheet as of the end of such fiscal year, an unaudited statement of operations and an unaudited statement of cash flows of the Company for such year, all prepared in accordance with generally accepted accounting principles and practices; and (2) quarterly unaudited financial statements for each fiscal quarter of the Company (except the last quarter of the Company’s fiscal year), including an unaudited balance sheet as of the end of such fiscal quarter, an unaudited statement of operations and an unaudited statement of cash flows of the Company for such quarter, all prepared in accordance with generally accepted accounting principles and practices, subject to changes resulting from normal year-end audit adjustments. If the Company has audited records of any of the foregoing, it shall provide those in lieu of the unaudited versions.
Appears in 4 contracts
Samples: Series Seed Preferred Stock Investment Agreement, Series Seed Preferred Stock Investment Agreement, Series Seed Preferred Stock Investment Agreement
Basic Financial Information. The Company will shall furnish to each Purchaser Pur- chaser holding that number of shares equal to or in excess of the quotient determined by dividing (x) the Major Purchaser Dollar Threshold by (y) the Purchase Price, rounded up to the next whole share (a “Major Purchaser”) and any entity which that requires such information pursuant to its organizational organi- zational documents when available (1) annual unaudited financial statements for each fiscal year of the Company, including an unaudited balance sheet as of the end of such fiscal year, an unaudited statement of operations unau- dited income statement, and an unaudited statement of cash flows of the Company for such yearflows, all prepared in accordance with generally accepted accounting principles and practices; and (2) quarterly unaudited financial statements for each fiscal quarter of the Company (except the last quarter of the Company’s fiscal year), including an unaudited balance sheet as of the end of such fiscal quarter, an unaudited statement of operations in- come statement, and an unaudited statement of cash flows of the Company for such quarterflows, all prepared in accordance with generally gener- ally accepted accounting principles and practices, subject to changes resulting from normal year-year- end audit adjustments. If the Company has audited records of any of the foregoing, it shall provide pro- vide those in lieu of the unaudited versions.
Appears in 2 contracts
Samples: Preferred Stock Investment Agreement, Preferred Stock Investment Agreement
Basic Financial Information. The Company will shall furnish to each Purchaser Pur- chaser holding that number of shares equal to or in excess of the quotient determined by dividing (x) the Major Purchaser Dollar Threshold by (y) the Purchase Price, rounded up to the next whole share (a “Major Purchaser”) and any entity which that requires such information pursuant to its organizational documents docu- ments when available (1) annual unaudited financial statements for each fiscal year of the CompanyCom- pany, including an unaudited balance sheet as of the end of such fiscal year, an unaudited statement of operations income statement, and an unaudited statement of cash flows of the Company for such yearflows, all prepared in accordance with generally accepted accounting principles and practices; and (2) quarterly unaudited financial statements for each fiscal quarter of the Company (except the last quarter of the Company’s fiscal year), including includ- ing an unaudited balance sheet as of the end of such fiscal quarter, an unaudited statement of operations income state- ment, and an unaudited statement of cash flows of the Company for such quarterflows, all prepared in accordance with generally accepted accept- ed accounting principles and practices, subject to changes resulting from normal year-end audit adjustments. If the Company has audited records of any of the foregoing, it shall provide those in lieu of the unaudited versions.
Appears in 1 contract
Samples: Preferred Stock Investment Agreement