Next Round Shares definition

Next Round Shares means, in respect of a Financing Round, the highest class of share issued in such Financing Round; and
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Next Round Shares means the class or series of preferred stock of the Company issued and sold in the Next Round.
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Next Round Shares means, in respect of a Financing Round or Non-Qualifying Financing Round, the most senior class of share (in respect of capital and dividends) issued in such Financing Round or Non-Qualifying Financing Round.
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Examples of Next Round Shares in a sentence

  • Next Round Shares are the most senior shares allotted on the Financing Round.

  • Note: This provides that if the advance subscription converts on a Financing Round then the subscriber shall receive either i) the Next Round Shares or ii) Ordinary Shares (which they should opt for if they wish to seek SEIS/EIS relief).


More Definitions of Next Round Shares

Next Round Shares means, in respect of a Financing Round the most seniorclass of share issued in such Financing Round, which shall carry a 1x non-participating liquidation preference or such other class of share as may be agreed in writing between the Subscriber and the Company;
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Next Round Shares means the type and series of securities issued by Company in the Next Round.
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Next Round Shares means the class and series of convertible preferred shares or other security sold and issued in connection with the Next Round (as defined below); provided, that if the Company sells and issues units consisting of more than one type of security to investors in the next bona fide round (such as, by way of example only, a unit consisting of one or more shares of Company shares together with a warrant to purchase additional shares of the Company), then “Next Round Shares” shall mean such units. Holder shall notify the Company within seven (7) Business days following Holder’s actual receipt of the Next Round Notice if it elects for the Class to become Next Round Shares, and such election, if made by Holder, shall be effective on the later to occur of (a) the closing of the Next Round or (b) two (2) Business Days following Holder’s delivery to the Company of such election notice. As used herein, “Next Round” means the first sale or issuance by the Company on or after the Issue Date of this Warrant set forth above, in a single transaction or series of related transactions, of its preferred shares or other senior equity securities (or units consisting of more than one type of security) to one or more investors for cash for financing purposes.
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Next Round Shares means such units. Holder shall notify the Company within seven (7) Business days following Holder’s actual receipt of the Next Round Notice if it elects for the Class to become Next Round Shares, and such election, if made by Holder, shall be effective on the later to occur of (a) the closing of the Next Round or (b) two (2) Business Days following Holder’s delivery to the Company of such election notice. As used herein, “Next Round” means the first sale or issuance by the Company on or after the Issue Date of this Warrant set forth above, in a single transaction or series of related transactions, of its preferred shares or other senior equity securities (or units consisting of more than one type of security) to one or more investors for cash for financing purposes.
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Related to Next Round Shares

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

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

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Common Shares means the common shares in the capital of the Company;

  • Payment Shares has the meaning set forth in Section 2.02;

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Qualifying Shares means shares of Common Stock which either (i) have been owned by the Grantee for more than six (6) months and have been “paid for” within the meaning of Rule 144 promulgated under the Securities Act, or (ii) were obtained by the Grantee in the public market.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • 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.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.