Common use of Acquisition Clause in Contracts

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company; (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt, an Acquisition shall not include any transaction or series of transactions principally for bona fide equity financing purposes.

Appears in 7 contracts

Samples: Warrant Agreement (Vapotherm Inc), Warrant Agreement (Vapotherm Inc), Warrant Agreement (Vapotherm Inc)

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Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For Notwithstanding the avoidance of any doubtforegoing, an Acquisition “Acquisition” shall not include any transaction or series of transactions principally for a bona fide equity financing consummated solely for capital raising purposes.

Appears in 5 contracts

Samples: Warrant Agreement (Victory Clean Energy, Inc.), Warrant Agreement (Beyond Meat, Inc.), Warrant Agreement (Beyond Meat, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt; provided however, that an Acquisition shall not include any transaction or series of transactions principally for bona fide equity financing purposespurposes in which cash is received by the Company or any successor or indebtedness of the Company is cancelled or converted or a combination thereof.

Appears in 2 contracts

Samples: Warrant Agreement (1Life Healthcare Inc), Warrant Agreement (1Life Healthcare Inc)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt, an Acquisition “Acquisition” shall not include any sale and issuance by the Company of shares of its capital stock to one or more investors for cash in a transaction or series of related transactions principally for the primary purpose of which is a bona fide equity financing purposesof the Company where no other shareholder receives cash consideration in connection therewith.

Appears in 2 contracts

Samples: Loan and Security Agreement (Contineum Therapeutics, Inc.), Warrant Agreement (Contineum Therapeutics, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt; provided that, an Acquisition “Acquisition” shall not include any transaction or series of transactions principally in which the Company sells and issues its capital stock to investors solely for capital raising purposes in a bona fide round of equity financing purposesfinancing.

Appears in 2 contracts

Samples: Warrant Agreement (Grove Collaborative Holdings, Inc.), Warrant Agreement (Grove Collaborative Holdings, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt; provided, that an Acquisition shall not include any transaction or series of transactions principally for bona fide equity financing purposestransactions principally for capital raising purposes in which cash is received by the Company or any successor, or indebtedness of the Company is cancelled or converted, or any combination thereof.

Appears in 1 contract

Samples: Warrant to Purchase Common Stock (Upstart Holdings, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For Notwithstanding the avoidance of any doubtforegoing, an Acquisition shall “Acquisition” does not include any transaction or series a sale of transactions principally for the Company’s equity securities in a bona fide equity financing purposesfinancing.

Appears in 1 contract

Samples: Warrant Agreement (Switchback Energy Acquisition Corp)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt, an Acquisition “Acquisition” shall not include exclude any transaction or series of transactions principally in which the Company sells and issues its capital stock to venture capital investors for capital raising purposes in a bona fide equity financing purposesround of preferred stock financing.

Appears in 1 contract

Samples: Warrant Agreement (Personalis, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt, an Acquisition “Acquisition” shall not include exclude any transaction or series of transactions principally in which the Company sells and issues its capital stock to venture capital investors, for capital raising purposes, in a bona fide equity financing purposesround of preferred stock financing.

Appears in 1 contract

Samples: Warrant Agreement (Sunesis Pharmaceuticals Inc)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt, an Acquisition “Acquisition” shall not include exclude any transaction or series of transactions principally in which the Company sells and issues its capital stock to venture capital investors, for capital raising purposes, in a bona fide equity round of preferred stock financing purposes(in which the Company is the sole surviving corporation).

Appears in 1 contract

Samples: Warrant Agreement (Codex DNA, Inc.)

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Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For Notwithstanding the avoidance foregoing, the consummation of any doubt, an Acquisition shall not include any transaction or series of transactions principally for a bona fide equity financing purposesin which no existing stockholders of the Company sell shares shall not be deemed to be an Acquisition for purposes of this Warrant.

Appears in 1 contract

Samples: Warrant Agreement (Singular Genomics Systems, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt[; provided, that an Acquisition shall not include any transaction or series of transactions principally for bona fide equity financing purposestransactions principally for capital raising purposes in which cash is received by the Company or any successor, or indebtedness of the Company is cancelled or converted, or any combination thereof].

Appears in 1 contract

Samples: Warrant to Purchase Common Stock (Upstart Holdings, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For ; provided, however, that the avoidance of any doubt, an Acquisition term “Acquisition” shall not include any transaction or series of transactions principally for a bona fide round of equity financing solely for capital raising purposes.

Appears in 1 contract

Samples: Warrant Agreement (Vividion Therapeutics, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For Notwithstanding the avoidance of any doubtforegoing, an Acquisition an“Acquisition” shall not include any transaction or series of transactions principally for a bona fide equity financing consummated solely for capital-raising purposes.

Appears in 1 contract

Samples: Warrant Agreement (Beyond Meat, Inc.)

Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license license, or other disposition of all or substantially all of the assets of the Company; Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power. For the avoidance of any doubt, an Acquisition “Acquisition” shall not include exclude any transaction or series of transactions principally in which the Company sells and issues its capital stock to venture capital investors, for capital raising purposes, in a bona fide equity financing purposesround of preferred stock financing.

Appears in 1 contract

Samples: Warrant Agreement (Clearside Biomedical, Inc.)

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