Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.
Safe Preferred Stock means the shares of a series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.
Safe Preferred Stock means the shares of a series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Target Offering5,000$10,000$9,100 Maximum Offering50,000$100,000$91,000 Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.
Examples of Safe Preferred Stock in a sentence
If there is an Equity Financing before the expiration or termi- nation of this instrument, the Company will automatically issue to the Investor a number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price.
As above, we assume that Common Stock, Safe Preferred Stock and Xxxx- dard Preferred Stock are essentially the same, but in fact there are differences (liquidation preference, anti-dilution protection, dividend rights) that would need to be addressed in a more detailed analysis.
If there is an Equity Financing before the expiration or termination of this instrument, the Company will automatically issue to the Investor a number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price.
If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will be converted into the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price.
More Definitions of Safe Preferred Stock
Safe Preferred Stock for purposes of this Safe means Standard Preferred Stock.
Safe Preferred Stock means the shares of a series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, except that such series will have (i) no voting rights, other than required by law: (ii) a per share liquidation preference and conversion price for purposes of price-based anti-dilution protection equal to the Conversion Price; and (iii) dividend rights based on the Conversion Price.
Safe Preferred Stock means the shares of a series of Preferred Stock issued to the Purchaser in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to:
Safe Preferred Stock means the shares of a series of Preferred Stock issued to the Purchaser in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) industry standard protective provisions, voting rights and Put Option right shall attach to the SAFE Preferred Stock and (ii) the per share liquidation preference and the conversion price of the SAFE Preferred Stock shall equal the total Purchase Amount divided by the number of shares of SAFE Preferred Stock received by the Purchaser in the Equity Financing with corresponding adjustments to any price-based anti-dilution and dividend rights.
Safe Preferred Stock means the shares of the series of Preferred Stock issued to holders of Qualified Convertible Securities having the lowest post-money valuation cap (or calculated equivalent permitted by the definition of Qualified Convertible Securities). For the avoidance of doubt, if Qualified Convertible Securities having the lowest post-money valuation cap (or calculated equivalent permitted by the definition of Qualified Convertible Securities) convert in the Equity Financing into shares of Standard Preferred Stock, “Safe Preferred Stock” for purposes of this Safe means Standard Preferred Stock.
Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences, seniority, liquidation multiple and restrictions as the shares of Standard Preferred Stock, except that any price-based preferences (such as the per share liquidation amount, initial conversion price and per share dividend amount) will be based on the Discount Price.
Safe Preferred Stock means, with respect to a Next Equity Financing conversion pursuant to Section (a),