The North Dakota Registration Rights Agreement is a legal document that outlines the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company in regard to the registration of these shares with the relevant regulatory authorities. This agreement is essential for providing transparency and facilitating the sale of securities to potential investors. Under this agreement, Visible Genetics, Inc. agrees to register the common shares purchased by the investors with the North Dakota regulatory authority, ensuring compliance with state securities laws. The registration process includes filing the necessary paperwork, disclosures, and financial statements to provide adequate information to investors and regulators. The purchasers of common shares are granted certain rights as part of this agreement. These rights typically include demand registration rights, piggyback registration rights, and shelf registration rights. 1. Demand Registration Rights: Visible Genetics, Inc. may grant the purchasers of common shares the right to request the registration of their shares with the regulatory authorities. This provision allows investors to require the company to file a registration statement on their behalf, facilitating the sale or transfer of their shares in a timely manner. 2. Piggyback Registration Rights: Purchasers of common shares may have the right to include their shares in any registration statement filed by Visible Genetics, Inc. These piggyback registration rights enable investors to sell their shares alongside the company's registration, eliminating the need to go through a separate registration process. 3. Shelf Registration Rights: In certain cases, Visible Genetics, Inc. may offer the purchasers of common shares the option to register their shares for sale at a later date. This is known as shelf registration and allows investors to delay the actual registration until they deem it necessary. It provides flexibility to the shareholders regarding when they want to sell their shares on the open market. The North Dakota Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares ensures fair and transparent procedures for the registration and sale of securities. By offering different types of registration rights, the agreement protects the interests of both the company and the investors, allowing for a more efficient and streamlined process.
North Dakota Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company
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What Is Registration Right? A registration right is a right entitling an investor who owns restricted stock to require that a company list the shares publicly so that the investor can sell them. Registration rights, if exercised, can force a privately-held company to become a publicly-traded company.
?Definition? A registration rights provision in a term sheet allows an investor to require a company to register the investor's shares with the SEC when certain conditions are met, ensuring that the investor has the opportunity to sell their shares in the public market. Registration Rights - Raising Venture Capital - Holloway holloway.com ? venture-capital ? sections holloway.com ? venture-capital ? sections
3 registration gives investors the right to demand that a company registers their shares using Form 3. Form 3 is a shorter registration form than Form 1, which is used in an initial stock launch or IPO. Form 3 can be used by a company one year after an IPO. Form 3: Everything You Need to Know UpCounsel upcounsel.com ? forms3 upcounsel.com ? forms3
Registration rights can be classified into two main categories: demand rights and piggyback rights. Registration Rights - Overview, Types, Characteristics Corporate Finance Institute ? Resources Corporate Finance Institute ? Resources
Registration rights take the form of either "piggyback" or "demand." Piggyback rights allow investors to have their shares included in a registration that is currently in the planning stages by the company. Piggyback rights generally do not cause issues for a firm. Registration Right: What it is, How it Works - Investopedia Investopedia ? ... ? Investing Basics Investopedia ? ... ? Investing Basics
There are two types of registration rights: demand and piggyback. Demand registration rights enable the stockholder to require the issuer to register all or a portion of its shares.
Piggyback registration rights, where the investor is entitled to register its securities when either the company or another investor initiates the registration. Holders of piggyback rights are allowed to include their securities in a registration initiated by the company or another investor.
The Securities Act of 1933 has two basic objectives: To require that investors receive financial and other significant information concerning securities being offered for public sale; and. To prohibit deceit, misrepresentations, and other fraud in the sale of securities.