Preferred Stock Warrant definition
Examples of Preferred Stock Warrant in a sentence
In the event that the Charter Amendment is not effective on or prior to December 31, 2000, at the option of Axess, the Company and the Corporation shall negotiate in good faith to the end of providing Axess the economic equivalent of the rights provided under the Preferred Stock Warrant and of its right to be issued the Axess Reissue Shares pursuant to this Agreement.
In addition to the restrictions set forth in Section 4.11, no Common Stock, Preferred Stock, Warrant or Conversion Shares may be transferred without registration under the Securities Act and applicable state securities laws unless counsel to the Company shall advise the Company that such transfer may be effected without such registration.
Preferred Stock Warrant Liabilities Prior to the completion of the Company’s initial public offering in February 2015, the Company had outstanding freestanding warrants to purchase shares of its Series A redeemable convertible preferred stock.
Prior to the exercise of the Warrants evidenced thereby, the holder of a [Common] [Preferred] Stock Warrant Certificate shall not be entitled to any rights of a shareholder of the Company with respect to shares for which the Warrants shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.
In the event the Corporation issues, after February 29, 2004, any common stock, or any Preferred Stock, Warrant or Note convertible into common stock, which has a share price, or an exercise or conversion rate, lower than the conversion rate for this Note, then the conversion rate for this Note shall be reduced to such lower rate, but in no event will the conversion rate be reduced to less than $0.25 per share.
By: Name: Title: By: Name: Title: [Signature Page To Preferred Stock Warrant Agreement] [Form of Legend if Warrants are not immediately exercisable.] [Prior to [●] Warrants evidenced by this Warrant Certificate cannot be exercised.] VOID AFTER [●] P.M., [City] time, ON [●].
The Company will take such steps, execute such documents, and reports, and supply such information and take such other actions as Investor or its assigns shall request to permit the sale of any Note, Common Stock, Series C Preferred Stock, Warrant, or shares of Warrant Stock held by the Investor or its assigns pursuant to the exemptions provided by Rules 144 or 144A promulgated under the Securities Act or any other exemption at any time available under any of the Securities Laws.
In consideration for, and as an inducement to, Purchaser's purchase of the Preferred Shares hereunder, the Company will issue to Purchaser upon Closing, in connection with and in addition to the applicable number of Preferred Shares, a Warrant (in the form attached hereto as Exhibit E, (the "Preferred Stock Warrant") to purchase 100,000 shares of the Company's Common Stock.
Prior to the conversion of the Company’s preferred stock into common stock, the Series F Preferred Stock Warrant was classified as a liability due to the contingent redemption features of the Series F Preferred Stock and was measured at fair value at each reporting date.
Axess is entering into this Agreement and acquiring the Preferred Stock Warrant in a transaction intended to be exempt from registration under the Securities Act by virtue of the provisions of Section 4(2) of the Securities Act.