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.

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

• 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.

• 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.

• 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.

• 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.

• In the event of a Qualified IPO, but subject to the closing of such Qualified IPO, if the Requisite Holders timely deliver an IPO Conversion Election as set forth in Section 3(b)(i), the outstanding Note Obligations Amount shall convert in full on the closing date of such Qualified IPO into a number of IPO Securities equal to (x) the outstanding Note Obligations Amount on such closing date, divided by (y) the applicable 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 a conversion price per share equal to the lesser of (x) seventy-five percent (75%) of the per share public offering price stated on the front cover of the final prospectus for the IPO (before deduction of any underwriting commissions, expenses or other amounts), and (y) the quotient resulting from dividing (A) the Cap, by (B) the Company’s capitalization on a Fully Diluted Basis, as of immediately prior to the IPO Closing Date.

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 means the price per ADS set forth on the cover of the Company’s final prospectus in connection with an Offering (the “Offering Price”) divided by the number of Ordinary Shares represented by one ADS; “IPO Conversion Price” and “Offering Price” shall be adjusted, mutatis mutandis, if the Offering is with respect to the listing of Ordinary Shares directly and not to the listing of ADS.

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

IPO Conversion Price means sixty percent (60%) of the per share public offering price of the Company’s Common Stock in its IPO.