Subsequent Public Offering definition
Examples of Subsequent Public Offering in a sentence
The Holder acknowledges and agrees that the Warrant Shares shall be subject to the terms of a lock-up agreement to be executed by the Holder and the Company restricting the ability of the Holder to transfer the Warrant Shares for a period of time not to exceed 6 months after the closing of the Subsequent Public Offering.
The Holder acknowledges and agrees that the Conversion Shares and the Interest Shares shall be subject to the terms of a lock-up agreement to be executed by the Holder and the Company restricting the ability of the Holder to transfer the Conversion Shares and the Interest Shares for a period of time not to exceed six (6) months after the closing of the Subsequent Public Offering.
At any time after the earlier of (i) the closing of the Subsequent Public Offering or (ii) 9 months after the Plan Effective Date until this Debenture is no longer outstanding, this Debenture shall be convertible, in whole or in part, into shares of Common Stock at the option of the Holder, from time to time.
The conversion price in effect on any Conversion Date shall be equal to 50% of the per share price to the public of the Company’s Common Stock issued pursuant to the Subsequent Public Offering, unless the closing of the Subsequent Public Offering does not occur prior to 9 months after the Plan Effective Date, in which case the conversion price shall be equal to $2.00, subject to adjustment herein (the “Conversion Price”).
The Purchaser acknowledges and agrees that the Registrable Securities shall be subject to the terms of a lock-up agreement to be executed by the Purchaser and the Company restricting the ability of the Purchaser to transfer the Registrable Securities for a period of time not to exceed 6 months after the closing of the Subsequent Public Offering.