Common use of The IPO Price Per Share Clause in Contracts

The IPO Price Per Share. At the Effective Time, by virtue of the Merger and without any action on the part of the holders of shares of Series C Preferred Stock, shares of Series C Preferred Stock held by holders who are not Accredited Stockholders, except for Dissenting Shares, will convert automatically into the right to receive a cash payment in an amount equal to the Series C Per Share Value for each share of Series C Preferred Stock held by such holders.

The IPO Price Per Share. At the Effective Time, by virtue of the Merger and without any action on the part of the holders of shares of Series C B Preferred Stock, shares of Series C B Preferred Stock held by holders who are not Accredited Stockholders, except for Dissenting Shares, will convert automatically into the right to receive a cash payment in an amount equal to the Series C B Per Share Value for each share of Series C B Preferred Stock held by such holders.