Initial Public Offering definition
Examples of Initial Public Offering in a sentence
The rights of first refusal granted under this Section 4 shall expire immediately prior to the earliest of (i) the first to occur of an Initial Public Offering, the consummation of a SPAC Transaction or the effective date of a Direct Listing, (ii) the closing of a Liquidation Event, and (iii) with respect to any Investor upon such Investor no longer being a ROFR Holder.
Notwithstanding anything to the contrary in this Section 2.10, this Section 2.10 shall only apply to an Initial Public Offering if the Company has not already completed a Direct Listing.
The underwriters in connection with the Initial Public Offering are intended third-party beneficiaries of this Section 2.10 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto.
Each Holder further agrees to execute such agreements as may be reasonably requested by the underwriters in the Initial Public Offering that are consistent with this Section 2.10 or that are necessary to give further effect thereto.