Target IPO definition

Target IPO means an Initial Public Offering initiated on the basis of a pre-offering valuation of the Company by the underwriter engaged to manage the offering of not less than One Hundred Fifty Million Dollars (US $150,000,000) and estimated aggregate gross proceeds to the Company of not less than Twenty Five Million Dollars (US $25,000,000).
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Examples of Target IPO in a sentence

  • This Article IV shall immediately and automatically expire and cease to have any force or effect (i) with respect to holders of the Series A Preferred Shares (in their capacities as such), upon the consummation of a Series A Target IPO, and (ii) with respect to all Parties, upon the consummation of a Qualified IPO.

  • This Article VII shall immediately and automatically expire and cease to have any force or effect (i) with respect to holders of the Series A Preferred Shares (in their capacities as such), upon the consummation of a Series A Target IPO, and (ii) with respect to all Parties, upon the consummation of a Qualified IPO.

  • This Article V shall immediately and automatically expire and cease to have any force or effect (i) with respect to holders of the Series A Preferred Shares (in their capacities as such), upon the consummation of a Series A Target IPO, and (ii) with respect to all Parties, upon the consummation of a Qualified IPO.

  • This Article II shall immediately and automatically expire and cease to have any force or effect (i) with respect to holders of the Series A Preferred Shares (in their capacities as such), upon the consummation of a Series A Target IPO, and (ii) with respect to all Parties, upon the consummation of a Qualified IPO.

  • This Article VI shall immediately and automatically expire and cease to have any force or effect (i) with respect to holders of the Series A Preferred Shares (in their capacities as such), upon the consummation of a Series A Target IPO, and (ii) with respect to all Parties, upon the consummation of a Qualified IPO.

  • In the event the IPO Price is greater or less than the Target IPO Price, the Cash Purchase Price shall be increased or decreased, as applicable, to equal the product of (i) the number of shares included in the Share Consideration, multiplied by (ii) the IPO Price; provided, however, that in no event shall the Cash Purchase Price be increased or decreased, as applicable, by more than 10%; however the number of shares shall remain unchanged.

  • In the event the IPO Price is greater or less than the Target IPO Price, the Cash Purchase Price shall be increased or decreased, as applicable, to equal the product of (i) two (2) times the number of shares included in the Share Consideration, multiplied by (ii) the IPO Price; provided, however, that in no event shall the Cash Purchase Price be increased or decreased, as applicable, by more than 10%; however the number of shares shall remain unchanged.

  • In the event the IPO Price is greater or less than the Target IPO Price, the Cash Purchase Price shall be increased or decreased, as applicable, to equal the product of (i) the number of shares included in the Share Consideration, multiplied by (ii) the IPO Price; provided, however, that in no event shall the Cash Purchase Price be increased or decreased, as applicable, by more than 5% or as otherwise agreed upon by the parties; however the number of shares shall remain unchanged.

  • For example, assuming the Share Consideration consists of 500,000 shares, and two (2) times the Share Consideration equals 1,000,000 shares, the Target IPO Price is $10.00 and the IPO Price is $11.00, then the Cash Purchase Price would be increased from $10,000,000 to $11,000,000.

  • Alternatively, assuming the Share Consideration consists of 500,000 shares, and two times the Share Consideration equals 1,000,000 shares, the Target IPO Price is $10.00 and the IPO Price is $8.00, then the Cash Purchase Price would be decreased from $10,000,000 to $9,000,000, resulting in a 10% decrease in the Cash Purchase Price, even though the IPO Price has decreased by 20%.