Piggyback Registration Rights

Definition:

A form of Registration Rights granted to holders of an issuer’s Restricted Securities (typically in a Registration Rights Agreement). Piggyback Registration Rights entitle investors to register their shares of Common Stock wherever the company conducts a Public Offering, subject to certain exceptions (i.e., such right allows a holder to include their shares in a Registration Statement). Piggyback Registration Rights are less advantageous than Demand Registration Rights, which allow holders benefiting from them to cause the issuer to initiate the registration process.

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