Subsequent Financing definition

Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

Subsequent Financing means any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness or a combination of units thereof.

Subsequent Financing means the closing of any Borrower financing which becomes effective after the Closing Date.

Examples of Subsequent Financing in a sentence

• For purposes of clarification, the preceding sentence shall not be applicable to Buyer in the event that Xxxxxx Global LLC (“Xxxxxx”) participates in a Subsequent Financing pursuant to that certain Securities Purchase Agreement dated December 29, 2023, as disclosed in a Current Report on Form 8-K on January 2, 2024 (the “Xxxxxx Transaction”).

• If by the Notice Termination Time, notification by Buyer of its willingness to participate in the Subsequent Financing is less than the total amount of the Participation Maximum, then the Company may effect the remaining portion of such Subsequent Financing on the terms and with the Person or Persons set forth in the Subsequent Financing Notice.

• Upon the request of Xxxxx, and only upon a request by Xxxxx, for a Subsequent Financing Notice, the Company shall promptly, but no later than one Trading Day after such request, deliver a Subsequent Financing Notice to Buyer.

• If the Company receives no such notice from Buyer as of the Notice Termination Time, Buyer shall be deemed to have notified the Company that it does not elect to participate in the Subsequent Financing.

• Between five and ten Trading Days prior to the closing of any Subsequent Financing, the Company shall deliver to Buyer a written notice of its intention to effect a Subsequent Financing (“Pre-Notice”), which Pre-Notice shall request that the Buyer advise the Company if Buyer wishes to receive and review an additional notice that includes details of such Subsequent Financing as specified below (such additional notice, a “Subsequent Financing Notice”).

More Definitions of Subsequent Financing

Subsequent Financing means any offer and sale of shares of Preferred Stock or debt that is initially convertible into shares of Common Stock or otherwise senior or superior to the Series A Preferred Stock.

Subsequent Financing shall have the meaning set forth in Section 4.9.

Subsequent Financing has the meaning set forth in Section 10.1.

Subsequent Financing shall have the meaning ascribed to such term in Section 4.11(a). "Subsequent Financing Notice" shall have the meaning ascribed to such term in Section 4.11(b).

Subsequent Financing means the closing of any Borrower institutional private equity or convertible preferred financing which becomes effective after the Closing Date (other than the New Financing) and results in aggregate proceeds to Borrower of at least $10,000,000.

Subsequent Financing means the sale by the Company, to one or more third parties, of equity securities of the Company equal to or exceeding $5,000,000 (or a lesser amount as agreed by the Holder) in aggregate gross proceeds to the Company.

Subsequent Financing means the closing of any Equity Event of Borrower, any Subsidiary or any Affiliate of Borrower after the Closing Date which results in aggregate proceeds to such Person of at least Ten Million Dollars ($10,000,000).