Triggering Public Offering

Triggering Public Offering. Either (i) a public offering of the Company's Common Stock which triggers mandatory conversion into Common Stock of all of the Company's outstanding preferred stock, $.01 par value per share, which is convertible into Common Stock (the "Convertible Preferred Stock") pursuant to the terms of the Charter or in connection with which all of the outstanding shares of Convertible Preferred Stock are otherwise converted into shares of Common Stock, or (ii) an Initial Public Offering consented to by... the holders of a majority of the Registrable Shares. View More