Further Private Offering Sample Clauses

The "Further Private Offering" clause defines the terms under which a company may issue additional securities in a private placement after an initial offering. Typically, this clause outlines the conditions, such as timing, pricing, and investor eligibility, that must be met for subsequent private offerings to occur. For example, it may specify that new shares can only be offered to existing investors or require board approval before proceeding. The core function of this clause is to provide a clear framework for future fundraising activities, ensuring transparency and protecting the interests of current stakeholders by preventing unexpected dilution or unfair allocation of new securities.