IPO Value

IPO Value. Means the sum, calculated as of the effective date of the Initial Public Offering, of (1) the Radius Proceeds, plus (2) the product of (A) the IPO Price Per Share, multiplied by (B) the number of Shares, and shares of Common Stock issued on the conversion thereof, owned by Radius on an as converted to Common Stock basis as of immediately prior to the effective date of the Initial Public Offering.