Equity Round definition

Equity Round means any non-public offering of equity securities by the Company, after the Effective Date but prior to the consummation of an Initial Public Offering or a SPAC Transaction, in a transaction or series of related transactions principally for equity financing purposes in which cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company.

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Equity Round means any non-public offering of Capital Stock by the Issuer in a transaction or series of related transactions principally for financing purposes in which cash is received by the Issuer and/or debt of the Issuer is cancelled or converted in exchange for Capital Stock of the Issuer (excluding any conversions of the Notes).

Equity Round means any non-public offering of equity securities by the Company, after the Effective Date but prior to the consummation of an Initial Public Offering in a transaction or series of related transactions principally for equity financing purposes in which the cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company at an effective price per share that is lower than $2.40 per share as determined in good faith by the board of directors of the Company based on relevant facts, economics and circumstances at the time of the Next Round, after taking into consideration the rights, preferences and privileges of such equity securities, including without limitation, liquidation preferences, any options and/or warrants issued in connection with such offering, pay to play provisions, original issue prices, liquidation multiples, conversion rate, and anti-dilution protection available to such new securities (for the avoidance of doubt, the parties hereby acknowledge and agree that the seniority of such securities alone, shall not be deemed to cause such securities to have an effective price per share that is lower than $2.40 per share).

Examples of Equity Round in a sentence

• Subject to the terms and conditions of this Agreement and the closing of the Next Equity Round, during the Supplemental Equipment Draw Period, Bank shall make advances (each, a “Supplemental Equipment Advance” and, collectively, the “Supplemental Equipment Advances”) not exceeding the Supplemental Equipment Line.

• The Company shall provide written notice to the Warrantholder not less than seven (7) days prior to the anticipated closing of the Next Equity Round, which notice shall state all material terms and conditions thereof and all material rights, powers, preferences and privileges of the Next Equity Round Series (the “Next Equity Round Notice”).

• The Company and each of the Principal Stockholders acknowledges that the securities Purchaser expects to issue to investors in the Equity Round will have rights, privileges and preferences that will be senior to the Series AA Stock with respect to, among other things, dividends and rights upon liquidation.

• The Company covenants that it shall at all times cause to be reserved and kept available out of its authorized and unissued capital stock such number of shares of the Class, common stock and other securities as will be sufficient to permit the exercise in full of this Warrant and the conversion of the Shares into common stock or such other securities; provided, however, that the Company shall not authorize the Next Round Stock unless and until the closing of the Next Equity Round.

• SCI or its Affiliate(s) shall be entitled to purchase the same class and series of equity, for the same price and on the same terms as are offered to other investors in such Equity Round (provided that SCI shall not be required to undertake any obligations other than to purchase said Equity Interests at the price and ratios provided therein).

More Definitions of Equity Round

Equity Round means the sale of Common Stock in a bona-fide equity raising that closes at any time commencing from the Date of Issuance through (but excluding) December 31, 2025.

Equity Round means any non-public offering of equity securities by the Company, that closes between December 22, 2012 and March 22, 2014, in a transaction or series of related transactions principally for equity financing purposes in which the cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company.

Equity Round is hereby added to Section 1 of the Warrant Agreement in its proper alphabetical order:

Equity Round means any non-public offering of equity securities by the Company, after the Effective Date but prior to the consummation of an Initial Public Offering that results in the conversion of all preferred stock of the Company into Common Stock, in a transaction or series of related transactions principally for equity financing purposes in which the cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company; provided that Equity Round shall not include additional closings of the Company’s Series B Preferred Stock round of financing.

Equity Round means any non-public offering of equity securities by the Company, completed after the Effective Date but prior to the consummation of an Initial Public Offering, in a transaction or series of related transactions principally for equity raising purposes in which the cash proceeds are received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company. “Equity Round” shall include additional closings of the sale and issuance of any Series 4 Preferred Stock so long as the gross proceeds to the Company from such additional closings are at least $15 million in the aggregate.”

Equity Round means an equity financing by Purchaser, on terms acceptable to Purchaser, resulting in net proceeds to Purchaser of at least $20,000,000.

Equity Round shall have the meaning ascribed to it in the Note Instrument.