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Conversion upon a subsequent round of convertible notes #19
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Was this issue ever resolved? |
Not to my knowledge, though I now make a clarifying edit in the form when I use it. |
Thanks for your quick reply. What language do you use? (No need to Thanks, Ulrik Binzer Cell: +1 857-928-0955 On May 6, 2014, at 10:13 AM, bwiles81 notifications@github.com wrote: Not to my knowledge, though I now make a clarifying edit in the form when I — |
The first sentence of Section 4.2 of the Investment Agreement provides that "If the Company issues securities in its next equity financing after the date hereof" - has anyone thought about whether a subsequent convertible note financing would trigger rights under this section? Would the issuance of securities upon the conversion of such notes trigger rights under this section? Is this section intended to include convertible note financings? As to that last question, I think not, and would propose clarification that future debt financings, whether or not convertible, would not trigger this section.
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