Examples of Series A-2 Preferred Share in a sentence
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Any provision of these Articles to the contrary not withstanding, each Ordinary Share resulting from the conversion of a Series A-2 Preferred Share or Series B-2 Preferred will not have any voting rights in the Company until (a) the transfer of such share to a bona fide purchaser unaffiliated with the transferor or (b) the Company’s initial public offering, in each case unless within 30 days following such event, written notice to the contrary is given from the purchaser or holder to the Company.
Any provision of these Articles to the contrary notwithstanding, neither the Series A-2 Preferred Shares nor the Series B-2 Preferred Shares will have any voting rights unless, as to a given Series A-2 Preferred Share or Series B-2 Preferred Share, as the case may be, such share is converted in accordance with subarticle 5.3.1.3 or subarticle 5.3.1.4 of these Articles.
The number of Ordinary Shares to which a holder shall be entitled upon conversion of each Series A-2 Preferred Share shall be the quotient of the Series A-2 Investment Price divided by the then effective Series A-2 Conversion Price (the “Series A-2 Conversion Price”), which shall initially be the Series A-2 Investment Price, resulting in an initial conversion ratio for Series A-2 Preferred Shares of 1:1, being no less than par value.
Vor On 12 February 2020, PureTech participated in the 2nd closing of Vor’s Series A-2 Preferred Share financing.
The Company shall have established a sub-series of preferred stock designated as "Series A-2 Preferred Stock" and shall have authorized the issuance of up to 200,000 shares of such preferred stock (each such share, a "Series A-2 Preferred Share") in accordance with the terms of the Certificate of Designation.
The number of Ordinary Shares to which a holder shall be entitled upon conversion of each Series A-2 Preferred Share shall be equal to the quotient of the Series A-2 Issue Price divided by the then effective Series A-2 Conversion Price (the “Series A-2 Conversion Price”), which shall initially be equal to the Series A-2 Issue Price, resulting in an initial conversion ratio for Series A-2 Preferred Shares of 1:1.
Each Series A-2 Preferred Share shall automatically be converted, based on the then-effective applicable Conversion Price, without the payment of any additional consideration, into fully-paid and non-assessable Ordinary Shares upon the earlier of (i) the closing of a Qualified IPO, or (ii) the date specified by written consent or agreement of the holders of a majority of the Series A-2 Preferred Shares.
Subject to the provisions of Section 8(f), each Series A-2 Preferred Share may be converted, at any time and from time to time, at the option of the holder thereof into the number of fully paid and nonassessable shares of Conversion Stock equal to the quotient determined by dividing (i) the Original Issue Price, by (ii) the Conversion Price then in effect.
Conversion feature Each Series A-1 Preferred Share or Series A-2 Preferred Share shall be convertible into such number of fully paid ordinary shares at any time at the option of the holder after the original issue date of the Series A-1 Preferred Shares and Series A-2 Preferred Shares.