WARRANT TO PURCHASE PREFERRED STOCK Sample Clauses

A "Warrant to Purchase Preferred Stock" is a contractual right that allows the holder to buy a specified number of preferred shares in a company at a predetermined price, usually within a set timeframe. In practice, this clause outlines the terms under which the warrant can be exercised, such as the exercise price, expiration date, and any conditions or restrictions on transferability. Its core function is to provide the holder with an opportunity to invest in the company on favorable terms, often as part of a financing arrangement or as an incentive, while giving the company a mechanism to raise additional capital in the future.
WARRANT TO PURCHASE PREFERRED STOCK. For value received and subject to the provisions set forth in this warrant (this “Warrant”), [Entity affiliated with Pinnacle Ventures] and its assigns are entitled to purchase from TV2 HOLDING COMPANY, a Delaware corporation (the “Company”): Shares of Series C Preferred Stock: The number of Shares for which this Warrant is exercisable shall equal the Warrant Coverage divided by the Exercise Price Exercise Price: $1.10 Term of Warrant: 10 years from the Warrant Date Warrant Date: June 30, 2010 The number of Shares for which this Warrant is exercisable and the Exercise Price may be adjusted as specified in Section 5.
View SourceView Similar (2)
WARRANT TO PURCHASE PREFERRED STOCK. For value received and subject to the provisions set forth in this warrant (this “Warrant”), PINNACLE VENTURES III EQUITY HOLDINGS, L.L.C. and its assigns (the “Holder”) are entitled to purchase from CHEGG, INC., a Delaware corporation (the “Company”): Warrant Coverage: $590,437.50 (i.e., 7.8725% of $7,500,000) upon your execution of this Warrant and up to a maximum of $290,812.50 additional warrant coverage, determined as 3.8775% of any Advance (as defined in the Loan Agreement (as defined below)) Shares of Preferred Stock: 181,673 shares of Series C-2 Preferred Stock on the date hereof and up to an additional 89,481 shares based upon Advances (as defined in the Loan Agreement (as defined below)) (subject to adjustment in accordance with the terms of this Warrant) Exercise Price: $3.25 per share (subject to adjustment in accordance with the terms of this Warrant)
View SourceView Similar (2)
WARRANT TO PURCHASE PREFERRED STOCK. For value received and subject to the provisions set forth in this warrant (this “Warrant”), PINNACLE VENTURES I AFFILIATES, L.P. and its assigns are entitled to purchase from RELIANT TECHNOLOGIES, INC., a Delaware corporation (the “Company”): Shares of Series B Preferred Stock: 5,200 Exercise Price: $ 1.50 Term of Warrant: 10 years from the Warrant Date Warrant Date: April 2, 2004 The number of Shares for which this Warrant is exercisable and the Exercise Price may be adjusted as specified in Section 5.
View Source
WARRANT TO PURCHASE PREFERRED STOCK. For value received and subject to the provisions set forth in this warrant (this “Warrant”), PINNACLE VENTURES I EQUITY HOLDINGS, L.L.C. and its assigns are entitled to purchase from GLU MOBILE INC., a California corporation (the “Company”): Shares of Series D Preferred Stock: 102,060 Exercise Price: $3.0100 Term of Warrant: 7 years from the Warrant Date Warrant Date: May 2, 2006 The number of Shares for which this Warrant is exercisable and the Exercise Price may be adjusted as specified in Section 5.
View Source
WARRANT TO PURCHASE PREFERRED STOCK. For value received and subject to the provisions set forth in this warrant (this “Warrant”), [ ] and its assigns (the “Holder”) are entitled to purchase from CHEGG, INC., a Delaware corporation (the “Company”): Warrant Coverage: $[ ] (i.e. [ ]% of $10,000,000) Shares of Preferred Stock: [ ] shares of Series F Preferred Stock on the date hereof (subject to adjustment in accordance with the terms of this Warrant) Exercise Price: $8.00 per share (subject to adjustment in accordance with the terms of this Warrant)
View Source
WARRANT TO PURCHASE PREFERRED STOCK. For value received and subject to the provisions set forth in this warrant (this “Warrant”), TRIPLEPOINT CAPITAL LLC and its assigns (the “Holder”) are entitled to purchase from CHEGG, INC., a Delaware corporation (the “Company”): Warrant Coverage: $787,250 (i.e., 7.8725% of $10,000,000) upon your execution of this Warrant and up to a maximum of $387,750 additional warrant coverage, determined as 3.8775% of any Advance (as defined in the Loan Agreement (as defined below)) Shares of Preferred Stock: 242,231 shares of Series C-2 Preferred Stock on the date hereof and up to an additional 119,308 shares based upon Advances (as defined in the Loan Agreement (as defined below)) (subject to adjustment in accordance with the terms of this Warrant) Exercise Price: $3.25 per share (subject to adjustment in accordance with the terms of this Warrant)
View Source

Related to WARRANT TO PURCHASE PREFERRED STOCK

  • Series A Preferred Stock The Series A Preferred Stock shall have the following rights, preferences and limitations: i. The Series A Preferred Stock shall have a liquidation preference of $100 per share or an aggregate liquidation preference of $6.4 million. The liquidation preference shall be senior to all other securities of the Company including the Series B, C and D Preferred Stock described below and the Common Stock. ii. The Series A Preferred Stock shall not have specified dividends but shall be entitled to participate on an as-converted basis in any dividends paid on the Common Stock of the Company or the Series B, C or D Preferred Stock. iii. The Series A Preferred Stock shall not be subject to mandatory redemption at the election of the Investors but shall be subject to redemption at a redemption price of $100 per share by the Company at any time on or after ten (10) years after the original date of issuance. iv. The Series A Preferred Stock shall be convertible into shares of Common Stock at a conversion price of $1.00 per share. Each share of Series A Preferred Stock shall be initially convertible into 100 shares of Common Stock based on the $100 liquidation preferential amount thereof. The conversion price and number of shares will be subject to customary anti-dilution adjustments for stock splits, share dividends, recapitalizations, stock issuances, etc., with the anti-dilution adjustment for the issuance of shares at less than the conversion price being determined on the "weighted average method." v. Subject to the provisions of Section 3A hereof, the Series A Preferred Stock, voting as a single class, shall be entitled to elect a majority (4) of the Board of Directors. On all other matters, the holders of the Series A Preferred Stock shall vote together with the holders of the Common Stock and the Series B, C and D Preferred Stock and shall be entitled to cast one vote for each share of Common Stock into which the Series A Preferred Stock is convertible. vi. The approval of the Series A Preferred Stock, voting as a separate class, shall be required for the issuance of any securities having liquidation or other rights senior or superior or equal in any respect to the rights of the Series A Preferred Stock.

  • No Rights to Purchase Preferred Stock The issuance and sale of the Shares as contemplated hereby will not cause any holder of any shares of capital stock, securities convertible into or exchangeable or exercisable for capital stock or options, warrants or other rights to purchase capital stock or any other securities of the Company to have any right to acquire any shares of preferred stock of the Company.

  • GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase from the Company, 9,694 fully paid and non-assessable shares of the Company’s Series B Preferred Stock (“Preferred Stock”) at a purchase price of $4.90 per share (the “Exercise Price”). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

  • Series B Preferred Stock 1 Shares.......................................................................1

  • Convertible Preferred Stock Any Final Redemption Notice shall be given to the holders of record of the shares of Series G Convertible Preferred Stock by telephone line facsimile transmission to such number as shown on the records of the Corporation for such purpose; provided, however, that any failure or defect in the giving of such notice to any such holder shall not affect the validity of notice to or the redemption of shares of Series G Convertible Preferred Stock of any other holder. On the Final Redemption Date (or such later date as a holder of shares of Series G Convertible Preferred Stock surrenders to the Corporation the certificate(s) for shares of Series G Convertible Preferred Stock to be redeemed pursuant to this Section 9(b)), the Corporation shall make payment of the applicable Final Redemption Price to each holder of shares of Series G Convertible Preferred Stock to be redeemed in immediately available funds to such account as specified by such holder in writing to the Corporation at least one Business Day prior to the Final Redemption Date. A holder of shares of Series G Convertible Preferred Stock to be redeemed pursuant to this Section 9(b) shall be entitled to convert in accordance with Section 10 such shares of Series G Convertible Preferred Stock (x) through the day prior to the Final Redemption Date and (y) if the Corporation shall fail to pay the Final Redemption Price of any share of Series G Convertible Preferred Stock when due, at any time after the due date thereof until such date as the Corporation pays the Final Redemption Price of such share of Series G Convertible Preferred Stock to such holder. No share of Series G Convertible Preferred Stock as to which a holder exercises the right of conversion pursuant to Section 10 or the optional redemption right pursuant to Section 11 may be redeemed by the Corporation pursuant to this Section 9(b) on or after the date of exercise of such conversion right or optional redemption right, as the case may be, regardless of whether the Final Redemption Notice shall have been given prior to, on or after the date of exercise of such conversion right or optional redemption right, as the case may be.