Series C-2 Conversion Price definition

Series C-2 Conversion Price means the price at which Class A Ordinary Shares shall be deliverable upon conversion of the Series C-2 Preferred Shares as stipulated in Article 15.
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Series C-2 Conversion Price means the conversion price of shares of the Company’s Series C-2 Convertible Preferred Stock as set forth in the Certificate of Designation Establishing Series C-2 Convertible Preferred Stock.
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Series C-2 Conversion Price means the price at which Class A Ordinary Shares shall be allotted upon conversion of the Series C-2 Preferred Shares as stipulated in Article 15(a) below.
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Examples of Series C-2 Conversion Price in a sentence

  • The “Series C Conversion Price” means, with respect to Series C-1 Preferred Shares, the Series C-1 Conversion Price, and with respect to Series C-2 Preferred Shares, the Series C-2 Conversion Price.

  • The initial Series C-2 Conversion Price shall be the Series C-2 Original Issue Price.

  • If the Corporation shall at any time or from time to time after the Series C-2 Original Issue Date effect a subdivision of the outstanding Common Stock, the Series C-2 Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding.

  • If at any time, the Company shall issue or sell New Shares for a consideration per Ordinary Share received by the Company (net of any selling concessions, discounts or commissions) (the “New Price”) less than the applicable then-effective Series C-2 Conversion Price, in effect immediately prior to such issue, then the Series C-2 Conversion Price shall be reduced, concurrently with such issue, to such New Price.

  • Each share of Series C-2 Stock shall be converted into the number of shares of Common Stock as is determined by multiplying each such share by a fraction, the numerator of which is One Dollar and Fifty Cents ($1.50) and the denominator of which is the Series C-2 Conversion Price in effect on the Series C-2 Conversion Date as determined by reference to Subparagraph 5(d)(ii) below.

  • Upon the occurrence of a Mandatory Conversion Event, each share of Series C-2 Preferred Stock shall be converted, without the payment of any additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing (A) the Series C-2 Original Issue Price by (B) the Series C-2 Conversion Price, determined as hereinafter provided, in effect at the time of conversion.

  • No adjustment in the Series C1 Conversion Price or Series C2 Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from holders of a majority of the outstanding shares of Series C1 Preferred Stock and Series C2 Preferred Stock, voting together as a single class, agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

  • The Series D Conversion Price, Series C-1 Conversion Price, Series C-2 Conversion Price, Series C-3 Conversion Price, Series B Conversion Price, Series AA Conversion Price and Series 1 Conversion Prices shall be subject to adjustment as set forth in subsection 4(b) below.

  • Without any action being required by the holder of such share and whether or not the certificates representing such share are surrendered to the Company or its transfer agent, each Series C-2 Share shall automatically be converted into Ordinary Shares at the then effective applicable Series C-2 Conversion Price upon a Qualified IPO (such event being referred to herein as a “Series C-2 Automatic Conversion”).

  • The Series C-2 Conversion Price for one (1) share of Series C-2 Stock shall be One Dollar and Fifty Cents ($1.50) (as such may be adjusted pursuant to Subparagraphs 5(g)(i) through 5(g)(vii) hereof) (the "Adjusted Series C-2 Conversion Price").


More Definitions of Series C-2 Conversion Price

Series C-2 Conversion Price means the price at which Ordinary Shares shall be allotted upon conversion of the Series C-2 Preferred Shares as stipulated in Article 16.
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Series C-2 Conversion Price shall have the meaning set forth in Part II, Section 7.1.1 below.
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Related to Series C-2 Conversion Price

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.001 per share.

  • Conversion Price shall have the meaning set forth in Section 4(b).

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.