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 shall have the meaning given to it in the Recitals of the Note Subscription Agreement.
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;
Examples of Concurrent Financing in a sentence
Target will use commercially reasonable efforts to complete the Concurrent Financing prior to the Effective Date.
Pursuant to the Concurrent Financing, Target will issue the Target Subscription Receipts at an issuance price of $2.50 per Target Subscription Receipt which will automatically convert into Target Shares immediately prior to the Effective Time in accordance with their terms on the basis of one Target Share for each outstanding Target Subscription Receipt.
The Parties will co- operate to structure and complete the Concurrent Financing in such a way to ensure that the Resulting Issuer meets the Exchange’s distribution requirements and the Parties understand and agree that the Concurrent Financing will be the mechanism by which such distribution requirements are met.
In connection with the Concurrent Financing, Target may pay cash fees in connection with the Concurrent Financing.
More Definitions of Concurrent Financing
Concurrent Financing means an equity or debt financing that may be completed by MichiCann concurrently with the closing of the RTO.
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 the issuance of Ordinary Shares or ADSs on substantially the same terms 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 ADS sold to Other Purchasers shall either (A) not be lower than the Per ADS Purchase Price (or, for the sake of clarity, if the issuance is of Ordinary Shares, rather than ADSs, a price per Ordinary Share that is not lower than the Per ADS Purchase Price multiplied by 30) or (B) if it is lower than the Per ADS Purchase Price (such lower price per ADS being referred to as the “Adjusted Per ADS Purchase Price”), then the Per ADS Purchase Price hereunder shall, for all intents and purposes be modified to be equal to the Adjusted Per ADS Purchase Price and the Purchaser shall be issued at the Closing a number of ADSs equal to the Subscription Amount divided by the Adjusted Per ADS 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 ADSs to which such Purchaser would have been entitled had the initial Per ADS Purchase Price been the Adjusted Per ADS 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. EXECUTION COPY
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: