What does piggyback qualified mean? Piggyback registration rights are a form of registration rights that grants the investor the right to register their unregistered stock when either the company or another investor initiates a registration.
What does piggyback qualified mean?
Piggyback registration rights are a form of registration rights that grants the investor the right to register their unregistered stock when either the company or another investor initiates a registration.
What are registration rights venture capital?
A registration right is a right entitling an investor who owns restricted stock to require that a company list the shares publicly so that the investor can sell them. Registration rights, if exercised, can force a privately-held company to become a publicly-traded company.
What are S 3 registration rights?
An S-3 registration entitles investors to demand that a company register their shares on a Form S-3 registration statement. Typically, the company may want to limit the number to a one or two in any twelve month period and the investors will want unlimited S-3 registrations.
What are shareholder registration rights?
A registration rights agreement is an agreement that: a significant security holder of an issuer that completes an initial public offering (IPO) may negotiate a registration rights agreement in circumstances where the holder will continue to hold securities of the issuer following the completion of the IPO.
What is a piggyback offer?
Piggyback registration refers to a method of selling shares through an initial public offering (IPO). It is typically used by early investors, founders, and other company insiders who negotiated the right to sell their shares as part of any future IPO.
What is a piggyback agreement?
Piggybacking is when a public agency uses an existing public contract as a template to form their own contract directly with the vendor to purchase on the same or similar terms.
What is a qualified IPO?
“Qualified IPO” means the Company’s first firm commitment underwritten public offering of its Common Stock under the Act, provided that such offering results in aggregate gross cash proceeds to the Company of not less than $100,000,000 in the aggregate.
What is the purpose of a registration rights agreement?
Investors that own restricted shares of a privately-held company need access to a broader market to eventually sell those shares. Such investors need to have the right or ability to require the company to list the shares publicly.
What is piggyback registration?
How do you describe a piggyback ride?
The definition of a piggyback is a ride on someone’s shoulders or back. When you throw your arms around someone’s neck and are carried on his shoulders and back, this is an example of a piggyback.