Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.
Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed valuation, including but not limited to, a pre-money or post-money valuation.
Equity Financing has the meaning set forth in Section 5.7.
Examples of Equity Financing in a sentence
Notwithstanding anything in this Agreement to the contrary, the Company shall not be required to pay any commitment or other similar fee or incur any other cost or expense that is not reimbursed by Xxxxxxx, Parent or Purchaser promptly after written request therefor, in connection with the Debt Financing or Equity Financing.
Xxxxxxx agrees to use, and to cause Parent and Purchaser to use, reasonable best efforts to enforce their respective rights under the Commitment Letters and the definitive agreements with respect to the Debt Financing and Equity Financing, including by seeking specific performance of the parties thereunder.
More Definitions of Equity Financing
Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed pre-money valuation.
Equity Financing has the meaning set forth in Section 4.5.
Equity Financing means the equity financing incurred or to be incurred pursuant to the Equity Commitment Letter.
Equity Financing has the meaning set forth in Section 3.4(a).
Equity Financing shall have the meaning set forth in Section 5.10(a).
Equity Financing as defined in the Recitals hereto.
Equity Financing has the meaning set out in Section 2.1;