Common use of Qualified IPO Clause in Contracts

Qualified IPO. “Qualified IPO” shall mean a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act, covering the offer and sale of Parent Common Stock (other than a registration on Form X-0, Xxxx X-0 or comparable or successor forms), with aggregate gross proceeds (prior to underwriters’ commissions and expenses) to Parent of more than $20,000,000 and a per share price of not less than $2.4051.

Qualified IPO. “The term "Qualified IPO” " shall mean a firm commitment the Company's underwritten initial public offering pursuant to an effective registration statement of its Common Stock under the Securities Act, covering provided that the offer gross proceeds to the Company in such offering exceed $10 million and sale of Parent that the Company's Common Stock (other than is listed for trading on a registration national securities exchange or is authorized for trading on Form X-0, Xxxx X-0 or comparable or successor forms), with aggregate gross proceeds (prior to underwriters’ commissions and expenses) to Parent of more than $20,000,000 and a per share price of not less than $2.4051the NASDAQ National Market System at such time.

Qualified IPO. “The term "Qualified IPO” " shall mean a firm commitment the Company's underwritten initial public offering pursuant to an effective registration statement of its Common Stock under the Securities Act, covering provided that the offer and sale of Parent Common Stock (other than a registration on Form X-0, Xxxx X-0 or comparable or successor forms), with aggregate gross proceeds (prior to underwriters’ commissions the Company in such offering exceed $10 million and expenses) to Parent of more than $20,000,000 and that the Company's common stock is listed for trading on a per share price of not less than $2.4051national securities exchange or is authorized for trading on the NASDAQ National Market System at such time.

Qualified IPO. “The term "Qualified IPO” " shall mean a firm commitment underwritten public offering pursuant to an effective registration statement of the Company's Common Stock under the Securities Act, covering the offer and sale of Parent Common Stock (other than a registration on Form X-0, Xxxx X-0 or comparable or successor forms), with aggregate Act which results in gross proceeds (prior to underwriters’ commissions and expenses) to Parent of more than $20,000,000 and a per share price the Company in of not less than $2.405110 million at an offering price per share (as constituted on the date hereof) of not less than $5.00.