Series B-1 Conversion Price definition

Series B-1 Conversion Price means the price at which Class A Ordinary Shares shall be deliverable upon conversion of the Series B-1 Preferred Shares as stipulated in Article 15.
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Series B-1 Conversion Price means the Series B-1 Purchase Price subject to adjustment as provided in Section (d).
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Series B-1 Conversion Price means a price per share of Common Stock equal to $1.15 per share of Common Stock, subject to adjustment as otherwise provided herein.
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Examples of Series B-1 Conversion Price in a sentence

  • The Series B-1 Conversion Price shall be the conversion price as last adjusted and then in effect.

  • The conversion price for the Series B-1 Preferred shall initially be the Series B-1 Original Issue Price (the "Series B-1 Conversion Price").

  • If the Corporation shall at any time or from time to time after the date that the first share of Series B Preferred is issued (the "Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Conversion Price, Series B Conversion Price and Series B-1 Conversion Price in effect immediately before that subdivision shall be proportionately decreased.

  • The term "Series B-1 Conversion Price" shall have the meaning set forth in Section 15.4(a).

  • No adjustment of the Series B-1 Conversion Price shall be made under Section 15.4(f)(iii), upon the issuance of any Convertible Security which is issued pursuant to the exercise of any warrants or rights, if any adjustment shall previously have been made in the Series B-1 Conversion Price then in effect upon the issuance of such warrants or other rights pursuant to Section 15.4(f)(iii) or otherwise pursuant to this Section 15.4(f).

  • The "Series B-1 Conversion Price" shall initially be $2.05, subject to adjustment as provided herein.

  • The outstanding principal and accrued interest is convertible at the option of the lender at a conversion price equal to the lower of the Series B-1 Conversion Price or the purchase price in the next equity financing of LipimetiX Development, Inc.

  • The conversion rate in effect at any time for conversion of the Series B-1 Preferred (the "Series B-1 Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B-1 Conversion Price," calculated as provided in Section 4(c).

  • Conversely, if the Corporation shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Conversion Price, Series B Conversion Price and Series B-1 Conversion Price in effect immediately before the combination shall be proportionately increased.

  • If the Corporation shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price, Series A-1 Conversion Price, Series B Conversion Price, Series B-1 Conversion Price, Series C Conversion Price, Series D Conversion Price or Series E Conversion Price then in effect immediately before that subdivision shall be proportionately decreased.


More Definitions of Series B-1 Conversion Price

Series B-1 Conversion Price means the conversion price per share for the Series B-1 Preferred Shares, which shall initially equal to the Series B-1 Original Purchase Price and is subject to the adjustment provided under Section 5.3.3.
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Series B-1 Conversion Price shall have the meaning set forth in Section 15.4(a).
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Series B-1 Conversion Price as used herein shall mean initially $4.00 and shall be subject to adjustment as provided below.
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Series B-1 Conversion Price shall initially be equal to $10.70. The “Series B-2 Conversion Price” shall initially be equal to the initial Series B-2 Original Issue Price. Such initial Series B-1 Conversion Price and Series B-2 Conversion Price shall be subject to adjustment as provided below. In connection therewith, references to the “Series B Conversion Price” shall refer to the “Series B-1 Conversion Price” with respect to the shares of Series B-1 Preferred Stock, and to the “Series B-2 Conversion Price” with respect to shares of Series B-2 Preferred Stock.
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Series B-1 Conversion Price means $4.9767 per share of Series B-1 Preferred Stock.
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Related to Series B-1 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.

  • 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.

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

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

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