Sentences with phrase «as convertible notes»

Also known as convertible notes, these debts convert into equity when a startup raises actual equity.

Also known as convertible notes, these debts convert into equity when a startup raises actual equity.

The form of investment is dependent on the company's relative maturity with seed stage investments typically structured as convertible notes while early stage companies issue preferred equity in exchange for investor funds.

Not exact matches

As a result, Emeco will issue an additional $ 25 million in convertible notes.

Also known as convertible debt, convertible notes are used primarily for seed funding, and are useful for situations where you may be hesitant to set an equity valuation too soon.

But, as Brad discussed, what happens to the prior convertible note in this new world?

Non-cash interest expense related to convertible notes - We record the accretion of the debt discount related to the equity component and amortization of issuance costs as non-cash interest expense.

On the same day as the closing of the Convertible Note Offering, Shkreli sold 292,400 shares of Retrophin stock as a result of a margin call, in flagrant disregard of the Company's representations and agreements.

Marriott Vacations Worldwide Corporation (NYSE: VAC)(the «Company») announced today that it intends to offer, subject to market and other conditions, $ 200 million aggregate principal amount of convertible senior notes due 2022 (the «notes») in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»).

The deal ends Yahoo as an operating company and leaves it with its stake in Chinese e-commerce company Alibaba and Yahoo Japan, its cash, convertible notes, certain minority investments, and a noncore portfolio of patents called Excalibur.

When I first read Paul Graham's blog post on «High Resolution» Financing I read it as a treatise arguing that convertible notes are better than equity.

on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

The pro forma stockholders» equity presents our stockholders» equity as though all of the convertible preferred stock outstanding automatically converted into shares of common stock on a 1 for 1 basis, except for the Series C convertible preferred stock which is convertible on a 1 for 1.05 basis (see Note 6), upon completion of a qualifying initial public offering.

There were convertible notes outstanding as of December 31, 2008, however, these convertible notes were converted into shares of convertible preferred stock in May 2009.

Under the EziBuy proposal, class action shareholders would receive a convertible note convertible into shares estimated to be worth between $ 6 million and $ 20 million and issued at the time of a liquidity event such as an IPO or trade sale of EziBuy.

September 19, 2017 - Marriott Vacations Worldwide Corporation (NYSE: VAC)(the «Company») announced today that it intends to offer, subject to market and other conditions, $ 200 million aggregate principal amount of convertible senior notes due 2022 (the «notes») in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»).

It is advisable to delay a startup valuation for as long as possible — options available until then are self - funding, or, more commonly, convertibles notes.

I'm not a fan of convertible notes as the form of an angel investment.

The typical convertible note agreement was usually structured so the angel investors received the same type of shares as the VC's, but at a pre-agreed discount to the next round.

so if i want to isue a convertible note to an investor, i need this document as well as a note Purchase Agreement?

In the meantime, convertible notes can still serve as a mutually agreeable form of financing, quickly delivering much needed capital to startups and potentially large returns to investors.

As standardization increases the speed, reduces the cost, and minimizes complexity of priced rounds, the benefits associated with convertible notes will become more muted.

The thinking is: convertible notes do a good, entrepreneur - friendly job of deferring the pricing of an equity round - but they also carry a promise to repay principal by a deadline; and, as debt instruments, convertible notes must accrue interest.

If unitholders were to try to remove Murray Goulburn as the responsible entity, Murray Goulburn has the right to redeem the notes and convertible preference shares that back the units at a 20 per cent discount to the five - day VWAP that units have traded on the ASX.

As a result, these young innovators were fluent in the parlance of «convertible notes,» «tech meet - ups,» «rapid prototyping,» and «risk tolerance.»

As Rusty notes, these were admirable cars in their day and satisfied legions of drivers, including my grandfather, who otherwise wouldn't have been able to afford a four - place convertible.

So far, they have neglected to release exactly how much all this fun will add to the starting prices of the ZR1 coupe ($ 119,995) and convertible ($ 123,995), but as we've noted before, if you have to ask the price, you probably just need to stick with a 1LT model.

Then there is the over - $ 100,000 as - tested price of this particular F - Type V8 S. That's a lot of coin, but if you want a high - styled convertible with a hammer for an engine and an exhaust note that can wake the dead and make you giggle like a school girl, then this Jaguar might be your car.

Going back to the harbor and reach the end of the test, Auto motor und sport finally took note of the comfortable air suspension and sensitive steering, with the new Mercedes C - Class Convertible moving up as elegant as it looks.

It's also worth noting that, by shopping the pre-owned marketplace, your choices expand to convertibles from premium brands, as well as from brands that are no longer in business.

MG TF 1.6 Cool Blue Sports 2dr Convertible, Screen Price Includes Parts & Labour Warranty, FINANCE AVAILABLE FROM 9.9 % Apr, LIFETIME WARRANTYS AVAILABLE FROM # 199 ** THIS CAR QUALIFIES FOR OUR TOTAL CARE PACK ** All Our Vehicles Are HPI Checked ** SPECIAL OFFER ** WILLIAMS Synthetic Paint Protection Only # 100 When Purchased With a 12 Month Warranty ** As We Are Part Of AA Cars This Vehicle Comes With a Full AA History Check & 12 Months AA Breakdown Cover.PLEASE NOTE: Please Call Before Travelling As The Vehicle You Are Looking At May Be At Our Other SiteHaving trouble Getting To Us?

The car has tons of original documentation that is included, such as the dealer car shipping record, Window Sticker, owner's manual, convertible top manual, dealership Bill of Sale, customer deposit receipt, Protect - O - Plate warranty, dealership owner's folder, security agreement installment note, Third National Bank payment booklet and more than 40 service receipts from 1967 to 1984, many of which document the mileage.

Note that Asus are referring to this as a convertible Ultrabook.

• the delisting of the Company's common stock from the NASDAQ Stock Market and, as a result of the delisting, a default on the Company's outstanding convertible notes.

As expected, Axcelis has used US$ 86.4 million of the proceeds to repay Convertible Senior Subordinated Notes that were due in January but the company had failed to secure alternative finance last year to pay the nNotes that were due in January but the company had failed to secure alternative finance last year to pay the notesnotes.

As of December 31, 2012, the principal amount of our 4 % convertible notes outstanding was $ 115.8 million.

Net Cash and Marketable Securities As of September 31, 2012 the company had $ 280 million in current assets (mostly cash and marketable securities) offset by $ 124 million in current liabilities (primarily 4 % convertible notes due 6/1/13) for a net position of $ 156 million.

Contact the following government agencies for unclaimed money such as dividends, salaries and wages, rent and rental bonds, cheques, trust money, over-payments, principal and interest, expenses, refunds, deposits, premiums, royalties, commissions, creditors, debentures, bonds, convertible notes and proceeds of sale.

The secured convertible notes will be convertible on the final business day of each month into shares of MediciNova common stock at a conversion price of $ 6.80 per share, which conversion price is based on the volume - weighted average price of MediciNova's common stock as quoted on Nasdaq and the Osaka Securities Exchange over the 20 trading days prior to signing of the merger agreement.

Known as «reverse convertible notes,» the product pays interest but also is tied to the performance on an underlying stock, so if the stock tumbles, investors can lose big chunks of money.

For the twelve months ended March 31, 2011, Non-GAAP diluted EPS has been calculated using the «if - converted» method as a result of the 4.375 % Convertible Senior Notes issued in June 2009 («4.375 % Convertible Notes»), for which diluted net income has been adjusted by $ 6,686 related to interest and debt issuance costs, net of tax.

Davis Polk acted as special product counsel to the representatives of the initial purchasers in connection with a Rule 144A offering by Five9, Inc. of an aggregate principal amount of $ 258.75 million of its 0.125 % convertible senior notes due 2023.

Leading lawyer Sin Min Yoong, a practice co-head, and Hooi Huang Ng represented banks, including Maybank Investment Bank and DBS Bank, as noteholders of RM327 million worth of convertible notes.

The unaudited pro forma basic and diluted loss per share assumes the exchange agreement and direct listing was consummated as of the beginning of the period and therefore assumes the shares issued upon exchange of the Convertible Notes were outstanding from January 1, 2017.

The numerator in the pro forma basic and diluted net loss per share calculation has been adjusted to eliminate the losses resulting from the fair value movements on Convertible Notes (see Note 9) as they were assumed to have converted upon a direct listing at the beginning of the period.

The unaudited pro forma basic and diluted net loss per share also has been computed to give effect to the shares issued upon conversion of the Convertible Notes on December 15, 2017 and December 27, 2017 disclosed in Note 18 as if they were outstanding from January 1, 2017.

The IRS notes that any digital currency that has a value equivalent to real currency, or that acts as a substitute for real currency, is referred to as «convertible» virtual currency.

As I noted in the introduction, x360 is HP's brand for 360 - degree convertibles.

As part of the transaction, The Right Start agreed to issue its preferred stock convertible into 5 million shares of its common stock and an $ 18 million, four - year note, to assume certain liabilities.