/Docs/G/GalionProject-TermSheet-CmA/Sec/Automatic-Conversion/0.md
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Ti = Automatic Conversion
sec = The {_Series_A} shall automatically convert into ordinary shares upon the closing of a firmly underwritten public offering of shares of the {_Company} with aggregate net proceeds to the {_Company} based on a price per share at least equal to {5_times} the {_Price} (a “{_Qualifying_IPO}”).
= [G/Z/ol/Base]