New Mexico Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9209
• Format: Word; Rich Text

Description

Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company (investors) regarding sale of shares dated December 14, 1999. 13 pages. A New Mexico Registration Rights Agreement is a legally binding contract between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement outlines the rights and obligations of both parties regarding the registration of the purchasers' shares with the New Mexico Securities and Exchange Commission (NM SEC). Keywords: New Mexico, Registration Rights Agreement, Visible Genetics, Inc., purchasers, common shares, NM SEC. Visible Genetics, Inc. offers common shares to investors as a means of raising capital for their business operations. To protect the interests of the purchasers, the company enters into a New Mexico Registration Rights Agreement that grants certain registration rights to the shareholders. These rights ensure that purchasers have the option to register their shares with the NM SEC, enabling them to sell or transfer their shares in compliance with securities laws. The New Mexico Registration Rights Agreement encompasses various types, including Piggyback Registration Rights, Demand Registration Rights, and Form S-3 Registration Rights. 1. Piggyback Registration Rights: This type of registration right enables the purchasers to include their shares along with other securities that Visible Genetics, Inc. may plan to register in the future. If the company intends to register additional shares for its own benefit, the purchasers have the opportunity to "piggyback" on such registration, allowing them to sell their shares through the same registration statement. 2. Demand Registration Rights: These rights provide the purchasers with the ability to request that Visible Genetics, Inc. register their shares with the NM SEC. This type of registration right allows the purchasers to initiate the process and obligates the company to file a registration statement within a specified timeframe. The demand registration must meet certain criteria, such as a minimum number or value of shares to be registered. 3. Form S-3 Registration Rights: Form S-3 is a simplified registration statement for well-established companies that meet specific eligibility requirements. If Visible Genetics, Inc. qualifies to use Form S-3, the purchasers may have the right to register their shares of common stock on this form, allowing for a more streamlined registration process. The New Mexico Registration Rights Agreement serves to protect the rights of the purchasers of common shares in Visible Genetics, Inc. by ensuring that they have the opportunity to register their shares with the NM SEC, sell their shares, or transfer them to other parties in accordance with applicable laws and regulations. These agreements provide a valuable mechanism for shareholders to realize the value of their investment in the company while maintaining compliance with securities laws in New Mexico.

A New Mexico Registration Rights Agreement is a legally binding contract between Visible Genetics, Inc. and the purchasers of common shares of the company. This agreement outlines the rights and obligations of both parties regarding the registration of the purchasers' shares with the New Mexico Securities and Exchange Commission (NM SEC). Keywords: New Mexico, Registration Rights Agreement, Visible Genetics, Inc., purchasers, common shares, NM SEC. Visible Genetics, Inc. offers common shares to investors as a means of raising capital for their business operations. To protect the interests of the purchasers, the company enters into a New Mexico Registration Rights Agreement that grants certain registration rights to the shareholders. These rights ensure that purchasers have the option to register their shares with the NM SEC, enabling them to sell or transfer their shares in compliance with securities laws. The New Mexico Registration Rights Agreement encompasses various types, including Piggyback Registration Rights, Demand Registration Rights, and Form S-3 Registration Rights. 1. Piggyback Registration Rights: This type of registration right enables the purchasers to include their shares along with other securities that Visible Genetics, Inc. may plan to register in the future. If the company intends to register additional shares for its own benefit, the purchasers have the opportunity to "piggyback" on such registration, allowing them to sell their shares through the same registration statement. 2. Demand Registration Rights: These rights provide the purchasers with the ability to request that Visible Genetics, Inc. register their shares with the NM SEC. This type of registration right allows the purchasers to initiate the process and obligates the company to file a registration statement within a specified timeframe. The demand registration must meet certain criteria, such as a minimum number or value of shares to be registered. 3. Form S-3 Registration Rights: Form S-3 is a simplified registration statement for well-established companies that meet specific eligibility requirements. If Visible Genetics, Inc. qualifies to use Form S-3, the purchasers may have the right to register their shares of common stock on this form, allowing for a more streamlined registration process. The New Mexico Registration Rights Agreement serves to protect the rights of the purchasers of common shares in Visible Genetics, Inc. by ensuring that they have the opportunity to register their shares with the NM SEC, sell their shares, or transfer them to other parties in accordance with applicable laws and regulations. These agreements provide a valuable mechanism for shareholders to realize the value of their investment in the company while maintaining compliance with securities laws in New Mexico.