Examples of Post Money Valuation in a sentence
Subject to Section 4(c), the Adjustment Number shall be the number of Ordinary Shares, if issued to the Holder on the Closing Date, would result in the Percentage Interest equal to a new number, which in no event shall exceed 77.5% of the Company’s aggregate equity interest immediately after Closing on a fully-diluted basis, to be determined in accordance with the Adjusted Post Money Valuation.
Subject to Section 4(c), the Adjustment Number shall be the number of Preferred Shares, if issued to the Holder on the Closing Date, would result in the Percentage Interest equal to a new number, which in no event shall exceed 45% of the Company’s aggregate equity interest immediately after Closing on a fully-diluted basis, to be determined in accordance with the Adjusted Post Money Valuation.
The 80.1% (or up to 85.1% in the event of a Post Money Valuation exceeding $20 million) equity interest in Newco available to Beacon shall be reduced to reflect the investment of additional investors and equity issued or reserved for management or employee incentives.
In the event a Qualified Financing is consummated within the Transition Period, Verilink shall be entitled to customary anti-dilution rights to maintain the relative equity interest set forth in the preceding sentence with respect to any financing completed during the Transition Period or committed during the Transition Period based on the same Post Money Valuation and subsequently funded.
For purposes hereof, “ Post Money Valuation ” means the quotient of (i) the aggregate gross cash proceeds from equity financing actually received within the Transition Period, divided by the (ii) the percentage of Newco’s outstanding equity, determined on a fully diluted basis, issued in exchange for such cash proceeds.
If QuantRx does not exercise its option under Section 8.1 within 90 days after its right to do so, then the Company shall have the right to conduct an initial public offering of the Common Stock yielding net proceeds of at least three times the Post Money Valuation of the Company as determined in accordance with the Pro Forma Table as of the end of the prior round of investment at the per share price applicable to such investment.
For the purpose of comparing the enterprise value and investment stage Compared Characteristics for each Initial Loan (except for Initial Loan Numbers 38 and 47), the Sponsor, on behalf of the Issuer, instructed us to use the Post Money Valuation Report as the Source.For the purpose of comparing the enterprise value and investment stage Compared Characteristics for Initial Loan Numbers 38 and 47, the Sponsor, on behalf of the Issuer, instructed us to use the Loan Approval System Screen Shots as the Source.