Initial Shares definition

Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

Initial Shares means all of the outstanding Ordinary Shares issued prior to the consummation of the Company’s initial public offering.

Examples of Initial Shares in a sentence

• In the event such Xxxxx does not join the Board of Directors of the Company upon the consummation of the Public Offering (whether and either at the election of the Company or such Buyer for any reason), then the Buyer shall promptly return the Initial Shares to the Company.

• Such Buyer has been given the opportunity to (i) ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Initial Shares, and the business and financial condition of the Company and (ii) obtain any additional information that the Seller possess or can acquire without unreasonable effort or expense that is necessary to assist such Buyer in evaluating the advisability of the purchase of the Initial Shares and an investment in the Company.

• Such Buyer hereby acknowledges that an investment in the Initial Shares involves certain significant risks.

• Such Buyer further understands and agrees that Xxxxx will be required to execute and deliver (a) a letter agreement including, among other provisions, the foregoing transfer restrictions, and (b) a stock escrow agreement with respect to such shares, in each case as described in the Registration Statement, and that any certificates evidencing the Initial Shares bear a legend referring to such transfer restrictions.

• Such Buyer has no need for liquidity in its investment in the Initial Shares for the foreseeable future and is able to bear the risk of that investment for an indefinite period.

More Definitions of Initial Shares

Initial Shares is defined in the preamble to this Agreement.

Initial Shares shall have the meaning given in the Recitals hereto.

Initial Shares has the meaning specified in Section 1(a).

Initial Shares has the meaning set forth in Section 2.04(e).

Initial Shares has the meaning set forth in the Recitals.

Initial Shares means 229,865 shares of the Class, subject to adjustment from time to time pursuant to the provisions of this Warrant.

Initial Shares means, with respect to the applicable Purchaser, the number of shares of Common Stock issued to such Purchaser on the Closing Date (adjusted for stock splits, combinations, dividends and the like occurring after the Closing Date).