Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.
Concurrent Financing has the meaning set forth in the Recitals of the Note Subscription Agreement.
Concurrent Financing means an equity or debt financing that may be completed by MichiCann concurrently with the closing of the RTO.
Examples of Concurrent Financing in a sentence
Following completion of the Transaction, including the Amalgamation and the Concurrent Financing, Alcanna holds approximately 63% of the Nova Shares, and the former YSS Corp.
On or before 5:30 p.m., New York time, on the 4th Business Day following the date of this Agreement, the Company shall file a Current Report on Form 8-K (or other form permitted under the federal securities law) disclosing the material terms and conditions of the transactions contemplated by this Agreement, the Warrant and the Concurrent Financing, in compliance with the requirements of Form 8-K (or such other form).
Transaction costs incurred by Nova to facilitate the Concurrent Financing include legal, accounting and agent fees.
On April 20, 2015, proceeds from the Concurrent Financing were used to repay the second loan payable with BDC, which had an outstanding balance of $92 on the date of repayment.
Following closing of the Nova Transaction but prior to giving effect to the Concurrent Financing, as defined below, the former YSS Corp.
More Definitions of Concurrent Financing
Concurrent Financing means financing in the form of debt or equity (whether convertible or otherwise) by the Company to occur after the date hereof and prior to the Closing.
Concurrent Financing means the non-brokered private placement offering of Subscription Receipts pursuant to which the Company raised gross proceeds of $10,500,000 through the issuance of 35,000,000 Subscription Receipts, on a post-Company Split basis, at price of $0.30 per Subscription Receipt;
Concurrent Financing means the non-brokered private placement to be completed by the Purchaser of post-consolidation Common Shares at a price of $0.25 per Common Share for aggregate gross proceeds of not less than $1,500,000. A commission of 7% in cash and 7% in finder warrants may be payable and issuable to third parties in connection with the portion of the Concurrent Financing they are responsible for;
Concurrent Financing means a non-brokered private placement of Subscription Receipts at a price of $0.50 per Subscription Receipt, or any other debt or equity financing of the Purchaser or the Company as to be mutually determined by the Company and the Purchaser, acting reasonably, for aggregate minimum gross proceeds of $8,000,000;
Concurrent Financing means the issuance of Ordinary Shares or ADSs on substantially the same terms (excluding the lack of certain conditions to Closing that Other Purchasers may be entitled to pursuant to the Other SPAs) as contained in this Agreement to other investors (the “Other Purchasers”); provided that (i) such Other Purchasers, if any, shall have entered into securities purchase agreement(s) (the “Other SPAs”) on the date hereof or no later than 45 days following the date hereof; (ii) the price per each Share sold to Other Purchasers shall either (A) not be lower than the Per Share Purchase Price (or, for the sake of clarity, if the issuance is of ADS, rather than Ordinary Shares, a price per ADS that is not lower than the Per Share Purchase Price divided by 30 (which the parties agree means not lower than $9.55 per one ADS)) or (B) if it is lower than the Per Share Purchase Price (or, for the sake of clarity, if the issuance is of ADS, rather than Ordinary Shares, a price per ADS that is not lower than the Per Share Purchase Price divided by 30 (which the parties agree means not lower than $9.55 per one ADS) (such lower price per Share being referred to as the “Adjusted Per Share Purchase Price”), then the Per Share Purchase Price hereunder shall, for all intents and purposes be modified to be equal to the Adjusted Per Share Purchase Price and the Purchaser shall be issued at the Closing a number of Shares equal to the Subscription Amount (as converted into NIS pursuant to the $/NIS exchange ratio published by the Bank of Israel on the last Business Day immediately prior to Closing) divided by the Adjusted Per Share Purchase Price (or, if Closing shall have occurred prior to the execution of such securities purchase agreements with the Other Purchaser(s), shall be issued the additional Shares to which such Purchaser would have been entitled had the initial Per Share Purchase Price been the Adjusted Per Share Purchase Price); and (iii) the aggregate purchase price for the sale of the ADSs and/or Ordinary Shares (including the Aggregate Purchase Price hereunder) under this Agreement and the Other SPAs (the “Total Round”) shall not exceed the Maximum Round Amount.
Concurrent Financing means a concurrent financing of Convertible Preferred Shares at a price of $0.40 per Convertible Preferred Share (or such other amount as may be determined by the Company in its sole discretion) to raise minimum gross proceeds of $2,750,000 and maximum gross proceeds of $3,500,000 (or such other amount as may be determined by the Company in its sole discretion), each of which shall automatically convert into Shares on a one for one basis on the third anniversary of the date of issuance.
Concurrent Financing means an equity financing undertaken by the Company that either:
(i) raises an amount of at least $98,400,000; or
(ii) is undertaken pursuant to a Material Transaction;