Angel Shares definition

Angel Shares means the Angel-1 Shares and Angel-2 Shares, collectively.
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Angel Shares means the ordinary shares, par value DKK 5 per share, of Angel.
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Examples of Angel Shares in a sentence

  • The Company shall promptly update its register of members to reflect the issuance of such Ordinary Shares and the cancellation of such Preferred Shares (or Angel Shares).

  • The Company may effect the conversion of Preferred Shares and the Angel Shares in any manner available under applicable law, including redeeming or repurchasing the relevant Preferred Shares and the Angel Shares and applying the proceeds thereof towards payment for the new Ordinary Shares.

  • Upon the conversion of the Preferred Shares (or the Angel Shares), the Company shall issue such number of the Ordinary Shares converted from such Preferred Shares (or the Angel Shares) to the Preferred Shareholders (or the Angel Shareholders) holding such Preferred Shares (or Angel Shares), and cancel the Preferred Shares (or the Angel Shares) so converted.

  • The Company shall at all times reserve and keep available out of its authorized but unissued Ordinary Shares, for the purpose of effecting the conversion of the Preferred Shares or Angel Shares, such number of its Ordinary Shares as shall from time to time be sufficient to effect the conversion of all outstanding Preferred Shares or Angel Shares.

  • If at any time the number of authorized but unissued Ordinary Shares shall not be sufficient to effect the conversion of all then outstanding Preferred Shares or Angel Shares, the Company and its Members will take such corporate action as may be necessary to increase the Company’s authorized but unissued Ordinary Shares to such number of shares as shall be sufficient for such purpose including but not limited to the approval of a resolution to this effect.

  • Each Angel Share shall automatically be converted into one Ordinary Share (a) immediately before the closing of an IPO, or (b) upon receipt by the Company of the written notice of conversion signed by the holders of a Simple Majority of the Angel Shares.

  • All Ordinary Shares issuable upon conversion of the Preferred Shares or the Angel Shares will upon issuance be duly and validly issued and fully paid and non-assessable, free of all liens and charges and not subject to any pre-emptive rights.

  • Upon any such conversion of any Preferred Shares or Angel Shares, such Preferred Shares or Angel Shares shall no longer be deemed to be outstanding and all rights of the Preferred Shareholders or Angel Shareholders holding such Preferred Shares or Angel Shares with respect to such Preferred Shares or Angel Shares so converted shall immediately terminate upon the issuance of the Ordinary Shares, except the right to receive the Ordinary Shares or other securities, cash or other assets as herein provided.

  • Except as disclosed in Section 3.5 of the Disclosure Schedule, each of the Angel Investors shall have paid its subscription price for the foregoing Angel Shares in full to the Company by the Closing.

  • Upon conversion, all accrued but unpaid share dividends on the applicable Preferred Shares or Angel Shares shall be paid in Shares and all accrued but unpaid cash dividends on the applicable Preferred Shares or Angel Shares shall be paid either in cash or by the issuance of a number of further Ordinary Shares equal to the value of such cash amount, at the option of the holders of the applicable Preferred Shares or Angel Shares.

Related to Angel Shares

  • Newco Shares means the common shares in the capital of Newco;

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Company Shares has the meaning set forth in the Recitals.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Amalco Shares means common shares in the capital of Amalco;

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Original Shares means ordinary shares with a par value of US$0.0001 each in the capital of the Company;

  • Fully Diluted Shares means an amount equal to the sum of (a) the total number of shares of Common Stock outstanding immediately prior to the Effective Time, plus (b) the total number of shares of Common Stock that all In-the-Money Options outstanding immediately prior to the Effective Time are exercisable into at such time and without any withholding of shares to pay the exercise price or Taxes.

  • Sold Shares shall have the meaning specified in Section 6.

  • Sale Shares has the meaning ascribed to it at Recital (A).

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Holdco Shares means the ordinary shares of HoldCo with a par value of US$0.0001 per share.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Subco Shares means the common shares in the capital of Subco;

  • Acquired Shares has the meaning set forth in the Recitals.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.