This is a Preferred Stock Purchase Agreement. It contains the agreement to sell and purchase, the closing, delivery and payment options, representations and warranties, and the schedule of purchasers, among other things.
This is a Preferred Stock Purchase Agreement. It contains the agreement to sell and purchase, the closing, delivery and payment options, representations and warranties, and the schedule of purchasers, among other things.
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The first round of stock offered during the seed or early stage round by a portfolio company to the venture investor or fund. This stock is convertible into common stock in certain cases such as an IPO or the sale of the company.
Preferred typically have no voting rights, whereas common stockholders do. Preferred stockholders may have the option to convert shares to common shares but not vice versa. Preferred shares may be callable where the company can demand to repurchase them at par value.
Stock purchase agreements (SPAs) are legally binding contracts between shareholders and companies. Also known as share purchase agreements, these contracts establish all of the terms and conditions related to the sale of a company's stocks.
In finance, a class A share refers to a share classification of common or preferred stock that typically has enhanced benefits with respect to dividends, asset sales, or voting rights compared to Class B or Class C shares.
Series Seed Preferred Shares means the Series Seed Preferred Shares of the Company, par value US$0.001 per share, with the rights, preferences, and privileges as set forth in the Memorandum and Articles. Series Seed Preferred Shares means the Company's Series Seed Preferred Shares, par value US$0.000005 per share.
Preferred typically have no voting rights, whereas common stockholders do. Preferred stockholders may have the option to convert shares to common shares but not vice versa. Preferred shares may be callable where the company can demand to repurchase them at par value.
Redeemable preferred stock is a type of preferred stock that includes a provision allowing the issuer to buy it back at a specific price and retire it. Also known as callable preferred stock, redeemable preferred stock can be advantageous for issuers because it gives them more financial flexibility.
The Series A Preferred Stock, voting separately as a class at each annual meeting, shall be entitled to nominate and elect a number of directors equal to one-third of the total number of directorships (each director entitled to be elected by the Series A Preferred Stock, a ?Series A Director?).