Common use of Going Concern; Additional Fundraising Activities Clause in Contracts

Going Concern; Additional Fundraising Activities. Such Purchaser acknowledges that the Company requires substantial additional capital in addition to the Required Amount to conduct its business and that the Company’s current liquidity position raises substantial doubt about the Company’s ability to continue as a going concern. Such Purchaser further acknowledges that the Company is currently engaged in seeking additional investments from various capital sources, including under terms that may be dilutive or otherwise materially adverse to such Purchaser.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Brand Engagement Network Inc.), Escrow Agreement (Brand Engagement Network Inc.), Securities Purchase Agreement (Brand Engagement Network Inc.)

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Going Concern; Additional Fundraising Activities. Such Purchaser acknowledges that the Company requires substantial additional capital in addition to the Required Amount Purchase Price to conduct its business and that the Company’s current liquidity position raises substantial doubt about the Company’s ability to continue as a going concern. Such Purchaser further acknowledges that the Company is currently engaged in seeking additional investments from various capital sources, including under terms that may be dilutive or otherwise materially adverse to such Purchaser.

Appears in 1 contract

Samples: Securities Purchase Agreement (Brand Engagement Network Inc.)

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