Shadow Preferred Stock definition
Examples of Shadow Preferred Stock in a sentence
If there is a Next Equity Financing before the termination of this instrument, the Company will automatically issue to the Holder a number of shares of Shadow Preferred Stock equal to the Conversion Amount divided by the Conversion Price.
Creating an accurate pro forma cap table is extremely important and, if done correctly, will model the new investment and different Shadow Preferred Stock.
If there is Shadow Preferred Stock then this paragraph will need to be revised accordingly.