Define: Last Price

How is Last Price defined in a legal contract?

• Last Price means the final sales price of any security on a given date, or if unavailable, the closing price. This data is reported either by the major U.S. securities exchange the security is listed on, by a comparable organization if the security is trading over-the-counter, or by an independent investment banking firm if the bid price is not available. Seen in 2 SEC filings
• Last Price means the final trading price of a specific company's stock as reported by a major stock exchange or transactions system. If the company's stock is not trading on a certain date, the data is reported through composite transactions from the main U.S. securities exchange where the stock is listed. Seen in 1 SEC filing
• Last Price means the final selling price of a specified company's common stock as reported by a major stock exchange or transactions system. If the stock isn't listed on a certain date, the price is reported through composite transactions for the major U.S. securities exchange that the security is listed on, or if not listed on a U.S. national or regional securities exchange, the final quoted bid price for that security in the over-the-counter market. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of last price' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Last Price means the final closing or sales price of a security as reported by a major exchange or quotation system.

Relevant Contract Types

• Share Purchase Agreement
• Investment Agreement
• Options Agreement
• Stock Sale Agreement

Relevant Circumstances

• Negotiating the sale of shares
• Setting the price for options contracts
• Determining the value of investments

Relevant Sectors

• Investment Banking
• Brokerage Services
• Private Equity
• Venture Capital

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Genie Definition 2

• Last Price means the final bid price for an unlisted security in the over-the-counter market.

Relevant Contract Types

• Over-the-Counter Derivatives Contract
• Private Investment in Public Equity Contract (PIPE)

Relevant Circumstances

• Trading unlisted securities OTC
• Private investments in public equity deals

Relevant Sectors

• Over-the-Counter Markets
• Investment Banking
• Private Equity

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