Series C-1 Shares definition

Series C-1 Shares means the series C-1 redeemable convertible preferred shares of par value US$0.0001 each in the share capital of the Company having the rights, powers and preferences set out in the Articles of Association.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Series C-1 Shares means shares of the Company’s series C-1 convertible preferred stock, par value $0.001 per share;

Series C-1 Shares means the Series C-1 preferred shares of the Company of US$0.00001 each.

Examples of Series C-1 Shares in a sentence

The board of directors of each of the PRC Subsidiary and the Domestic Enterprise shall have the same number of directors as, and the holders of Series A Shares, Series B Shares the Series C Shares, Series C-1 Shares and Common Shares shall be entitled to appoint the same number of directors to the PRC Subsidiary and the Domestic Enterprise as they are entitled to appoint to the Company as provided in Section 1.2 above or otherwise as agreed upon by the parties.
Subject to the terms and conditions of this Agreement, the purchase, sale and issuance of the Series C-1 Shares shall take place at one or more closings (each of which is referred to in this Agreement as a “Closing”).
Except for (i) the conversion privileges of the Series A Shares, Series B Shares, Series C Shares and Series C-1 Shares, (ii) up to 26,415,442 Common Shares reserved for issuance pursuant to the ESOP (as defined in Section 5.7), there are no options, warrants, conversion privileges or other rights, or agreements with respect to the issuance thereof, presently outstanding to purchase any of the shares of the Company.
The rights, privileges and preference of the Series C-1 Shares are as stated in the Restated Articles and as provided by the Companies Law (2009 Revision) of the Cayman Islands.
If less than all of the Series C-1 Shares are sold and issued at the Initial Closing, then, subject to the terms and conditions of this Agreement, the Company may sell and issue at a subsequent closing (the “Subsequent Closing”), within sixty (60) days after the Initial Closing, up to the balance of the unissued Series C-1 Shares to such persons or entities as may be approved by the Company and a majority of the Investors purchasing shares at the Initial Closing.

More Definitions of Series C-1 Shares

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

Series C-1 Shares means, the Company’s Series C-1 preferred shares, par value 0.00001 per share.

Series C-1 Shares has the meaning set forth in the Share Subscription Agreement.

Series C-1 Shares the Company’s Series C-1 Convertible Preferred Stock, par value $0.01 per share.

Series C-1 Shares means the shares of the Company’s Series C-1 Preferred Stock issued pursuant to the Purchase and Exchange Agreement.

Series C-1 Shares means the Series C-1 preferred shares with par value of US$0.01 each in the Capital of the Company having the rights set forth in the Memorandum and these Articles;

Series C-1 Shares has the meaning ascribed thereto in the recitals hereof.