Examples of Series B2 Preferred Stock in a sentence
Following the Closing, the Company shall be entitled to invest up to $1,000,000 of the Transaction Proceeds through the purchase of shares of Series B-2 Preferred Stock of LipimetiX at a pre-money valuation of $12,750,000 (or $10.70 per share), which is the same per share purchase price paid by purchasers of shares of Series B-1 Preferred Stock in 2016 (the “LipimetiX Investment”).
The Company now desires to sell to the Purchaser, and the Purchaser desires to purchase from the Company, shares of the Company’s Series B-2 Preferred Stock, par value $0.00001 per share (the “Series B-2 Preferred Stock” or collectively with the Series B-1 Preferred Stock, the “Series B Preferred Stock”), on the terms and subject to the conditions set forth in this Agreement.
Pursuant to Section 7.6 of the Prior Rights Agreement, the Prior Investors, holding not less than a majority of the Registrable Securities then outstanding and held by the Major Investors (as defined in the Prior Rights Agreement), hereby waive all rights to notice of, and all rights of first refusal contained in Section 4 of the Prior Rights Agreement with respect to the shares of Series B-1 Preferred Stock and Series B-2 Preferred Stock sold pursuant to the Series B Purchase Agreement.
The net proceeds received by the Corporation from the sale of the Series B-2 Preferred Stock shall be used by the Corporation generally for the purposes set forth on Schedule 5.17 attached hereto.
Upon surrender by any Investor to the Corporation of shares of Series B-2 Preferred Stock or Reserved Common Shares issued upon conversion of any Series B-2 Preferred Stock purchased or acquired by such Investor hereunder, the Corporation, at its expense, will issue in exchange therefor, and deliver to such Investor, a new certificate or certificates representing such shares in such denominations as may be requested by such Investor.
EXHIBIT A SCHEDULE OF PURCHASERS First Closing Second Closing Name and Contact Information of Purchaser Number of Shares of Series B-1 Preferred Stock Aggregate Purchase Price Number of Shares of Series B-2 Preferred Stock (1) Aggregate Purchase Price ARCH Venture Fund V, L.P. 0000 X.
This Agreement and the Series B-2 Preferred Stock Agreement constitute the entire agreement between the Parties as to the subject matter of this Agreement, and supersedes and merges all prior and contemporaneous negotiations, representations, agreements and understandings regarding the same.
We are authorized to issue 10,000,000 shares of Preferred Stock, par value $.0001 per share, of which an aggregate of 8,212,500 shares have been designated as follows: 112,500 shares have been designated Series 1 Preferred Stock, 2,000,000 shares have been designated Series A Preferred Stock, 4,100,000 have been designated as Series B-1 Preferred Stock and 2,000,000 have been designated Series B-2 Preferred Stock.
The Common Stock, Series A Preferred Stock, Series B-1 Preferred Stock, Series B-2 Preferred Stock and Series C-1 Preferred Stock shall have the rights, privileges and preferences set forth in the Restated Certificate.
Neither this Agreement nor any of the rights or duties of the Corporation set forth herein shall be assigned by the Corporation, in whole or in part, without having first received the written consent of the Investors holding at least seventy percent (70%) of the shares of Series B-2 Preferred Stock then held by all of the Investors (the “Series B-2 Majority Investors”).