Series A-3 Preferred Share definition

Series A-3 Preferred Share means a voting, redeemable and convertible Series A-3 Preferred Share in the capital of the Company, par value of US$0.00025 per share, having the rights, powers, privileges and restrictions set forth in these Articles, the Shareholders Agreement and the Right of First Refusal & Co-Sale Agreement.

Series A-3 Preferred Share means a Series A-3 Preferred Share of US$0.0000005 par value per share in the capital of the Company having the rights, preference and privileges attaching to it as set out herein.

Series A-3 Preferred Share means a redeemable series A-3 preferred share in the capital of the Company of US$0.0001 par value and having the rights provided for in these Articles.

Examples of Series A-3 Preferred Share in a sentence

• The price at which Ordinary Shares shall be issuable upon conversion of any Series A-3 Preferred Share (the “Series A-3 Conversion Price”) shall initially be the Deemed A-3 Issue Price per Ordinary Share.

• The number of Ordinary Shares to which a holder shall be entitled upon conversion of each Series A-3 Preferred Share shall be the quotient of the Series A-3 Investment Price divided by the then effective Series A-3 Conversion Price (the “Series A-3 Conversion Price”), which shall initially be the Series A-3 Investment Price, resulting in an initial conversion ratio for Series A-3 Preferred Shares of 1:1, being no less than par value.

• Other RoU (right-of-use) assets include leased buildings and simulator equipment.

• Notwithstanding the foregoing, the deemed issuance price of each Series A-3 Preferred Share to be issued to Tasly or the Tasly Designee(s) upon the exercising of the option thereof shall be US$2.5434.

• The number of Ordinary Shares to which a holder shall be entitled upon conversion of each Series A-3 Preferred Share shall be equal to the quotient of the Series A-3 Issue Price divided by the then effective Series A-3 Conversion Price (the “Series A-3 Conversion Price”), which shall initially be equal to the Series A-3 Issue Price, resulting in an initial conversion ratio for Series A-3 Preferred Shares of 1:1.

• Each Series A-3 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-3 Preferred Shares.

• In connection with the Series A-3 Preferred Share financing, the Company paid $0.2 million on behalf of investors for legal and consulting costs incurred for the preparation and completion of the transaction.

• Notwithstanding the foregoing, the deemed issuance price of each Series A-3 Preferred Share to be issued to Genexine or the Genexine Designee(s) shall be US$2.5434.

• Notwithstanding the foregoing, the deemed issuance price of each Series A-3 Preferred Share to be issued to CBC or the CBC Designee(s) shall be US$2.5434.

More Definitions of Series A-3 Preferred Share

Series A-3 Preferred Share means the Series A-3 Preferred Share of the Company, par value US$0.00002 per share, with the rights and privileges as set forth in the Memorandum and Articles.