Pro Rata Issuance Clause Samples

Pro Rata Issuance. After the closing of the Qualified Listing, if and whenever the Company shall issue or grant, to all or substantially all holders of Class A Ordinary Shares, Class A Ordinary Shares or any Other Instruments which by their terms of issue carry (directly or indirectly) rights of conversion into, or exchange or subscription for, any Class A Ordinary Shares, in each case at a price per Class A Ordinary Share which is less than the Current Market Price per Class A Ordinary Share on the date of first public announcement of such issuance or grant;