Wisconsin 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. The Wisconsin Registration Rights Agreement is a legally binding contract between Visible Genetics, Inc. and the purchasers of common shares of the company, which grants certain rights and protections to the shareholders related to the registration of their shares with the regulatory authorities in Wisconsin. This agreement ensures transparency and accountability in the issuance and trading of common shares, benefiting both the company and its shareholders. Under this agreement, Visible Genetics, Inc. agrees to make reasonable efforts to register the shares purchased by the shareholders with the Wisconsin regulatory authorities within a specified timeframe. The registration process involves filing the necessary documents and disclosures required by the regulatory authorities, ensuring compliance with the state's securities laws. The agreement may include provisions for piggyback registration rights, allowing the shareholders to "piggyback" on any registration statement filed by the company for its own shares or other securities. This gives the shareholders the opportunity to register their shares along with the company's offering, potentially increasing the liquidity and marketability of their shares. Another type of Wisconsin Registration Rights Agreement that may exist is the demand registration rights. This provision enables the shareholders to demand that Visible Genetics, Inc. register their shares with the regulatory authorities. The shareholders may exercise this right if certain conditions are met, such as a minimum number of shares to be registered or a minimum aggregate offering amount. The agreement may also outline the obligations and responsibilities of the company and the shareholders regarding the registration process. It may include provisions on the payment of registration expenses, allocation of shares to be registered, and the timing and effectiveness of the registration statement. Furthermore, the Wisconsin Registration Rights Agreement may specify certain restrictions on the sale or transfer of the registered shares. These restrictions may include lock-up periods or limitations on the number of shares that can be sold at a given time, protecting the company and the other shareholders from market volatility or sudden sell-offs that could negatively impact the share price. In conclusion, the Wisconsin Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares is a vital legal document that ensures compliance and fairness in the registration and trading of common shares. It grants rights and protections to the shareholders while also providing guidelines for the company to fulfill its registration obligations.

The Wisconsin Registration Rights Agreement is a legally binding contract between Visible Genetics, Inc. and the purchasers of common shares of the company, which grants certain rights and protections to the shareholders related to the registration of their shares with the regulatory authorities in Wisconsin. This agreement ensures transparency and accountability in the issuance and trading of common shares, benefiting both the company and its shareholders. Under this agreement, Visible Genetics, Inc. agrees to make reasonable efforts to register the shares purchased by the shareholders with the Wisconsin regulatory authorities within a specified timeframe. The registration process involves filing the necessary documents and disclosures required by the regulatory authorities, ensuring compliance with the state's securities laws. The agreement may include provisions for piggyback registration rights, allowing the shareholders to "piggyback" on any registration statement filed by the company for its own shares or other securities. This gives the shareholders the opportunity to register their shares along with the company's offering, potentially increasing the liquidity and marketability of their shares. Another type of Wisconsin Registration Rights Agreement that may exist is the demand registration rights. This provision enables the shareholders to demand that Visible Genetics, Inc. register their shares with the regulatory authorities. The shareholders may exercise this right if certain conditions are met, such as a minimum number of shares to be registered or a minimum aggregate offering amount. The agreement may also outline the obligations and responsibilities of the company and the shareholders regarding the registration process. It may include provisions on the payment of registration expenses, allocation of shares to be registered, and the timing and effectiveness of the registration statement. Furthermore, the Wisconsin Registration Rights Agreement may specify certain restrictions on the sale or transfer of the registered shares. These restrictions may include lock-up periods or limitations on the number of shares that can be sold at a given time, protecting the company and the other shareholders from market volatility or sudden sell-offs that could negatively impact the share price. In conclusion, the Wisconsin Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares is a vital legal document that ensures compliance and fairness in the registration and trading of common shares. It grants rights and protections to the shareholders while also providing guidelines for the company to fulfill its registration obligations.