Common use of Qualified Equity Financing Clause in Contracts

Qualified Equity Financing. The term “Qualified Equity Financing” means the first equity financing transaction after the Sales Agreement Date pursuant to which the Company raises at least $17,000,000 from persons and/or entities other than the Holder by selling and issuing, in one or more closings, one new series of its shares of its capital stock or instruments convertible into or exchangeable for, in one or more steps, one new series of shares of its capital stock.

Qualified Equity Financing. The term “Qualified Equity Financing” means is the first Company’s next equity financing transaction after the Sales Agreement Date pursuant to which the Company raises at least $17,000,000 from persons and/or entities other than the Holder by selling and issuing, in one or more closings, one new series of its sells shares of its capital stock or instruments with an aggregate sales price of not less than $5,000,000, excluding any and all convertible into or exchangeable forbridge notes (including Notes issued in the Convertible Note Financing (as defined in the Note) pursuant to which this Warrant is issued), in one or more steps, one new series with the principal purpose of shares of its capital stockraising capital.

Qualified Equity Financing. The term “Qualified Equity Financing” means the first an equity financing transaction after the Sales Agreement Date pursuant to which the Company raises sells shares of its Preferred Stock with an aggregate sales price of at least $17,000,000 from persons and/or entities other than 2 million ($2,000,000), excluding any and all convertible bridge notes (including Notes issued pursuant to Schedule 1 of the Holder by selling Convertible Promissory Note) which are converted into preferred stock and issuing, in one or more closings, one new series with the principal purpose of its shares of its capital stock or instruments convertible into or exchangeable for, in one or more steps, one new series of shares of its capital stockraising capital.

Qualified Equity Financing. The term “Qualified Equity Financing” means the first equity financing shall mean a transaction after the Sales Agreement Date or series of related transactions pursuant to which the Company raises at least $17,000,000 from persons and/or entities other than the Holder by selling issues and issuing, in one or more closings, one new series of its shares of its capital stock or instruments convertible into or exchangeable for, in one or more steps, one new series of sells shares of its capital stock, with the principal purpose of raising capital, for aggregate proceeds of at least $100,000 (excluding all amounts received upon conversion or cancellation of indebtedness).

Qualified Equity Financing. The term “Qualified Equity Financing” means the first equity financing shall mean a transaction after the Sales Agreement Date or series of related transactions pursuant to which the Company raises at least $17,000,000 from persons and/or entities other than the Holder by selling issues and issuing, in one or more closings, one new series of its shares of its capital stock or instruments convertible into or exchangeable for, in one or more steps, one new series of sells shares of its capital stock, with the principal purpose of raising capital, for aggregate proceeds of at least $2,000,000 (excluding all amounts received upon conversion or cancellation of indebtedness).

Qualified Equity Financing. The term “Qualified Equity Financing” means the first is an equity financing transaction after the Sales Agreement Date pursuant to which the Company raises at least $17,000,000 from persons and/or entities other than the Holder by selling and issuing, in one or more closings, one new series of its sells shares of its capital stock Series FF Preferred Stock (or instruments convertible into or exchangeable for, in one or more steps, one new other series of shares preferred stock) with an aggregate sales price of its not less than $15,000,000, including all Notes issued under the Note Purchase Agreement which are converted into capital stock, and with the principal purpose of raising capital.