Series A-1 Shares definition

Series A-1 Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

Series A-1 Shares means the shares of the Company’s Series A-1 Convertible Preferred Stock sold pursuant to the Purchase Agreement.

Series A-1 Shares means: if the Financing consists of common stock, then shares of common stock of Lumena; and if the Financing consists of preferred stock, then shares of preferred stock of Lumena having terms substantially equivalent to the Series A Shares except for the following: (i) the holders of the Series A-1 Shares shall have the information rights substantially equivalent to those set forth on Exhibit B, (ii) the holders of the Series A-1 Shares shall have the board observation rights substantially equivalent to those set forth on Exhibit B, (iii) the liquidation preference of the Series A Shares may be senior to the liquidation preference of the Series A-1 Shares, (iv) the Series A-1 Shares shall be non-voting except as to matters required by law and provisions commonly known as protective provisions substantially equivalent to those set forth on Exhibit B, and (v) the Series A-1 Shares shall have redemption rights.

Examples of Series A-1 Shares in a sentence

• On the same date, the Company received a notice from Intel Capital to redeem its 8,000,000 Series A Preferred Shares and 5,000,000 Series A-1 Shares at a total redemption price of US$8,800,000 (equivalent to approximately RMB54,098,000).

• The principal and accrued interest of the Notes referenced above totaling $12,304,398 were converted into 4,924,701 Series A-1 Shares.

• Series A and Series A-1 Preferred Shares held by IFC and Intel Capital On 23 September 2013, the Company received a notice from IFC to redeem its 20,000,000 Series A Preferred Shares (at a redemption price of US$0.60 per share) and 12,500,000 Series A-1 Shares (at a redemption price of US$0.80 per share) at a total redemption price of US$22,000,000 (equivalent to approximately RMB135,245,000).

• In its previously issued financial statements for the year ended December 31, 2018, the Company had bifurcated the conversion feature of the Series A-1 Shares as a derivative liability and reduced the fair value of such conversion feature on the date of issuance from the net proceeds (i.e. total proceeds less transaction costs attributable to the conversion feature).

• The Company previously recorded transaction costs related to the issuance of these Series A-1 Shares in equity.

More Definitions of Series A-1 Shares

Series A-1 Shares has the meaning set out in the Recitals.

Series A-1 Shares means the series A-1 redeemable convertible preferred shares, par value of US$0.001 per share, of the Company.

Series A-1 Shares means shares of Series A-1 Preferred (including any shares issued as dividends on the Series A-1 Preferred), and “Series A-2 Shares” means shares of Series A-2 Preferred (including any shares issued as dividends on the Series A-2 Preferred).

Series A-1 Shares means the Series A Shares designated as series A-1 preferred shares of the Company.

Series A-1 Shares means: if the Financing consists of common stock, then shares of common stock of Licensee; and if the Financing consists of preferred stock, then shares of preferred stock of Licensee having terms substantially equivalent to the Series A-2 Shares except for the following: (i) the holders of the Series A-1 Shares shall have the information rights substantially equivalent to those set forth on Exhibit B, (ii) the holders of the Series A-1 Shares shall have the board observation rights substantially equivalent to those set forth on Exhibit B, (iii) the liquidation preference of the Series A-2 Shares shall be senior to the liquidation preference of the Series A-1 Shares, (iv) the Series A-1 Shares shall be non-voting except as to matters required by law and provisions commonly known as protective provisions substantially equivalent to those set forth on Exhibit B, and (v) the Series A-1 Shares shall not have redemption rights.

Series A-1 Shares means the convertible series A-1 preferred shares in the capital of the Company with par value of US$0.0001 per share.

Series A-1 Shares means the series A-1 preferred shares in the capital of the Company with a nominal or par value of US$0.0001 per share;