Define: Standard Preferred Stock
the shares of the series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.
the shares of the series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.
Relevant Circumstances
- When new investors are issued preferred shares at the closing of an equity financing
- If rights attaching to the standard preferred class need to be defined
- Where future rounds may layer additional preferences on top of the standard class