Sentences with phrase «of the convertible notes on»

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.

Not exact matches

Angel investors normally provide capital for start - ups or businesses in the early stage of growth in exchange for equity, or in some cases, convertible notes, that converts into shares or cash value at a point later on.

Today I want to talk about how a VC thinks about equity pricing on your round — particularly if you're coming off of a convertible note.

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.

There is no assurance that a purchaser of a convertible note will realize a return on its investment or that it will not lose its entire investment.

To compensate convertible note holders for the additional risk assumed with investing at an early stage, most convertible notes feature a conversion price below that of the subsequent financing round through the use of a valuation cap or a discount on the purchase price.

When you do a convertible note with a cap that converts into the next round of funding one of the unintended consequences is that if you're successful and raise at a larger price than your cap the early angels often get «multiple liquidation preferences» on their dollars in.

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 the pricing on September 20, 2017 of the offering of $ 200 million aggregate principal amount of convertible senior notes due 2022 (the «notes»).

With bootstrapping and a small convertible note funding, we have built a business that grew over 380 % YoY from 2016 to 2017, with over 300 businesses on our platform, ranging from large grocery chains like Roche Brothers, billion dollar food management companies like Compass Group, to hundreds of individual restaurants, caterers, and even food trucks.

They include a 7.5 % cash fee and a 5 % convertible note or equity fee, both taken on the amount of capital raised via SeedInvest.

The offering of the notes and the convertible hedge and warrant transactions described below are expected to close on September 25, 2017, subject to customary closing conditions.

In order to calculate the valuation cap adjusted price per share for convertible note holders, the valuation cap on the note should be divided by the pre-money valuation of the subsequent round and apply that to the Series A price per share.

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.

Basil Peters has a series of posts up on Angel blog that talks about the problems of Convertible Notes for Angel Investing, suggests Exchangeable Shares for Angel Investors, and even provides a One Page Term Sheet for Angel Investors.

One of the largest rounds that I've worked on recently has been the Patch of Land funding round which used a convertible note.

Ms Cheadle and other SurfStitch shareholders had questioned the value of the convertible note, given that the administrators valued EziBuy at between $ 188 million and $ 293 million, based on sustainable earnings of about $ 22 million.

If you or someone you know is having a baby soon, take note of this deal fromà «Target.comà «where you can get aà «Graco 4 - in - 1 convertible crib at a great price, plus a free mattressà «and a $ 25 Target gift card to spend on a future purchase.

Billy (Abby Ryder Fortson) in «Forever My Girl» certainly falls on the annoying end of the spectrum; she is the wise - beyond - her - years 7 - year - old who spouts off stats about the dangers of riding in convertibles and teaches herself to play the guitar without ever hitting a false note.

Editors» note, August 21, 2017: This review was written based on an evaluation of the 2016 Mini Cooper S Convertible.

Another fond memory of my Microsoft e-reader experience comes from the Windows Tablet Edition platform: Using a convertible notebook with digital pen support, I could read on a larger screen and take notes.

• 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.

On March 30, 2011, the Company issued 412,286 shares of its common stock in exchange for convertible notes payable with a balance of $ 711,500 and accrued interest of $ 19,588.

Convertible notes with a face value of $ 711,500 and accrued interest of $ 19,588 were converted into 412,286 shares of our common stock on March 30, 2011.

Shortly after we opened the position ACLS failed to make a payment required under its 4.25 % Convertible Senior Subordinated Notes, which meant that the company was required to repay the outstanding principal amount of the notes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on JanuarNotes, which meant that the company was required to repay the outstanding principal amount of the notes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on Januarnotes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on January 15.

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.

The convertible notes will mature on the 18 - month anniversary of the closing of the merger, and the indenture governing the notes will include customary events of default and anti-dilution adjustments.

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.

In order to calculate net income per diluted share for management reporting purposes, the Company uses its fully diluted share count of 119.5 million and adds back to net income the interest expense, net of tax, on its convertible notes of $ 0.01 million.

The interest expense, net of tax, on the convertible notes, which is added back to net income to calculate diluted net income per share for management reporting purposes is $ 0.1 million.

We also advise clients on the full range of equity and debt securities transactions, including eurobond offerings by corporations and sovereigns, medium - term note programs, high - yield debt offerings, convertible and exchangeable bond offerings, initial public offerings (IPOs), global depositary receipt (GDR) and American depositary receipt (ADR) programs, and offerings of Sukuk (Islamic bonds).

(On a side note, it is interesting that one of the more popular searches regarding cancellation is how to cancel Primerica life insurance, a company that does not offer convertible term life insurance.)

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.

It runs the same full - featured Chrome OS already found on existing tablet convertibles with a dock at the bottom of the screen that features touch tools for quickly creating a note, taking a screenshot, and magnifying.

If the offering is consummated, all of Realogy's Convertible Notes in the aggregate principal amount of approximately $ 2.1 billion would be converted into Class A common stock or redeemed at 90 percent of the principal amount thereof on or about the closing of the offering, and holders of approximately $ 2 billion aggregate principal amount of such Convertible Notes have indicated that they intend to so convert.

Historically, all the monies of which I am aware have either had some nonmonetary value, the best example being gold; were convertible into assets with nonmonetary value at a fixed price, such as notes issued by banks that were convertible into gold; or were issued by or on behalf of government, such as our current Federal Reserve notes.