Examples of Series A-1 Preferred Shares in a sentence
The Series A-1 Preferred Shares are redeemable following a majority vote of the Designated Preferred Shareholders at any time after March 29, 2018 at a price equal to the greater of (i) the original issue price of $1.3147, and (ii) the fair market value to be determined by a third-party appraiser.
The Parties agreed that the Company will redeem from IFC its 10,000,000 Series A Preferred Shares and 6,250,000 Series A-1 Preferred Shares at a total redemption price of US$11,000,000 (equivalent to approximately RMB67,783,000).
In January 2016, the Company issued Series A-1 Preferred Shares to the investors at USD 0.0001 per share.
These adjustments correspond to the Company’s restatement of the Prior 2018 Financial Statements for the reclassification of Series A-1 Preferred Shares related fair value of the derivative liability from equity to liability.
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