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 has the meaning set forth in Section 5.7.
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.
Examples of Equity Financing in a sentence
If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing then, following the filing of all applicable regulatory notices that may be required in the state and local jurisdictions in which Company is licensed to conduct commercial cannabis activity (the “Licensing Jurisdictions”) this Safe will automatically convert into the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price.
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 4.6(a).
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 means the equity financing incurred or to be incurred pursuant to the Equity Commitment Letter.
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 (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 has the meaning given in Section 3.6.
Equity Financing shall have the meaning given to that term in Section 6.06(a).