Specifies the voting rights of the equity being offered. Voting is typically pro-rata to share ownership with Preferred Investors voting with common on an As If Converted basis as well as within the preferred equity class when its approval is designated for certain major strategic events affecting the preferred investors, such as a sale of the business to a third party or initial public Offering. Relates to equity.
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by bsmith@carofin.com | Oct 4, 2022
