IPO Conversion Price definition

IPO Conversion Price means a price per share equal to 70% of the price per share (prior to underwriting discounts and commissions) of the Company’s common stock sold in the Initial Public Offering.

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IPO Conversion Price means, with respect to an IPO, (x) the public offering price per share of the IPO Securities in the IPO multiplied by (y) one minus the applicable Discount Rate

IPO Conversion Price means a conversion price equal to 50% of the initial public offering price per share of the Common Stock offered to the public in the IPO.

Examples of IPO Conversion Price in a sentence

The IPO Conversion Price and the Alternative Liquidity Event Conversion Price (either, the “Mandatory Conversion Price”) shall be subject to adjustment, as provided for in Section 3(f) below.
In the event that prior to the Maturity Date of this Note, the Maker shall consummate an IPO and its Common Stock shall be approved for listing or trading on any Qualified Securities Market, the entire Outstanding Balance of this Note shall automatically, and without any further consent or approval of the Holder, be converted into Common Stock of the Maker at the IPO Conversion Price.
If an Initial Public Offering occurs prior to the payment in full of the principal amount of this Note, then the outstanding principal amount of this Note and all accrued and unpaid interest on this Note shall automatically convert immediately prior to such Initial Public Offering, into fully paid and nonassessable shares of the Company’s common stock at the IPO Conversion Price.
In the event of a Qualified IPO, but subject to the closing of such Qualified IPO, the Amount Due shall convert in full on the closing date of such Qualified IPO into a number of Shares equal to (a) the Amount Due on such closing date divided by (b) the applicable IPO Conversion Price.
The number of shares of common stock to be issued upon such conversion shall be equal to the quotient obtained by dividing (i) the Payment Amount by (ii) the IPO Conversion Price.

More Definitions of IPO Conversion Price

IPO Conversion Price has the meaning set forth in Section 3.1(a)(i).

IPO Conversion Price means, with respect to a Qualified IPO: (i) the public offering price per share of the Common Stock in the Qualified IPO multiplied by (ii) one (1) minus twenty percent (20%).

IPO Conversion Price means the per share volume-weighted average price of Acquirer Common Stock, as reported by Bloomberg L.P., over the 15 consecutive full days of trading ending on the date that is 30 trading days following the day Acquirer Common Stock is first traded on a national (U.S.) exchange.

IPO Conversion Price means (subject to adjustment under Section 5.3) the lesser of the (i) price per share of Common Stock sold in the Qualified Public Offering, discounted by 20%, and (ii) price per share of Common Stock based on a pre money Company valuation of $50 million on a Fully Diluted Basis.

IPO Conversion Price has the meaning ascribed thereto in Section 2.2(6);

IPO Conversion Price means (1) in the case of an Initial Public Offering that closes within eighteen (18) months after the Closing, the price determined by multiplying (x) the price per share at which the shares of Common Stock are sold to the public by the underwriters for the Initial Public Offering, as set forth on the cover page of the final prospectus for the Initial Public Offering, by (y) the 18-Month IPO Discount Rate; or (2) in the case of an Initial Public Offering that closes any time after the 18-month anniversary of the Closing, the price determined by multiplying (x) the price per share at which the shares of Common Stock are sold to the public by the underwriters for the Initial Public Offering, as set forth on the cover page of the final prospectus for the Initial Public Offering, by (y) the Post-18 Month IPO Discount Rate; provided, however, that in no event shall the IPO Conversion Price result in a pre-money valuation of the Parent in excess of $1,000,000,000 (USD).

IPO Conversion Price as set forth in Exhibit A of the AR SPA is hereby amended and restated in its entirety as follows: