Equity Financing Conversion Price definition

Equity Financing Conversion Price means 90% of the per share price paid for the securities in the Qualified Equity Financing.
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Equity Financing Conversion Price means either (i) the Equity Financing Safe Price, or (ii) the Equity Financing Discount Price, whichever calculation results in a greater number of Safe Shares.
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Equity Financing Conversion Price means 0.85 multiplied by the price paid per share for equity securities of the Company by the other investors in the Equity Financing.
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Examples of Equity Financing Conversion Price in a sentence

  • In lieu of the Company issuing any fractional shares to Investor upon the conversion of the Outstanding Debt, the Company shall pay to Investor an amount equal to the product obtained by multiplying the Equity Financing Conversion Price or Optional Conversion Price, as applicable, by the fraction of a share not issued pursuant to the previous sentence.

  • A Pre-Notice will only be sent if the Subsequent Equity Financing Conversion Price meets the conditions set forth in Section 2(b)(i) above.

  • The number of Conversion Shares to be issued upon such conversion shall be equal to the quotient obtained by dividing the Original Note Amount by the Equity Financing Conversion Price.


More Definitions of Equity Financing Conversion Price

Equity Financing Conversion Price means 85% of the per share price paid for the securities in the Qualified Equity Financing.
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Related to Equity Financing Conversion Price

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • New Conversion Price means the amount determined by the Conversion Calculation Agent in accordance with the following formula:

  • 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.

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

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