Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).
Next Equity Financing means the first sale or issuance by the Company on or after the Issue Date of this Warrant set forth above, in a single transaction or series of related transactions, of shares of its convertible preferred stock or other senior equity securities to one or more investors for cash for financing purposes; (ii) “Next Equity Financing Securities” means the type, class and series of convertible preferred stock or other senior equity security sold or issued by the Company in the Next Equity Financing; and (iii) “Next Equity Financing Price” means the lowest price per share for which Next Equity Financing Securities are sold or issued by the Company in the Next Equity Financing.
Next Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities following the date of this Agreement (i) that is approved by the Supermajority Noteholders, (ii) that is primarily for bona fide equity financing purposes and (iii) from which the Company receives net proceeds of not less than $50 million (excluding the aggregate amount of debt securities converted into Equity Securities upon conversion of convertible indebtedness, including, without limitation, the Notes pursuant to Section 2.2 below).
Examples of Next Equity Financing in a sentence
If an Option Notice has been delivered to Investor, subject to the terms and conditions hereof, the Company will issue and sell to the Investor, and the Investor will purchase from the Company, at the Closing (as defined below), a number of shares of Common Stock (the “Shares”) equal to the Aggregate Purchase Price divided by the Next Equity Financing Price Per Share (rounded down to the nearest whole Share).
Such Company option shall only be available to the Company for the firm commitment portion of the Next Equity Financing and not for any option by the underwriter(s) to purchase additional shares associated therewith or any subsequent public or private offering by the Company.
Subject to the satisfaction or waiver of the conditions set forth in Section 5 and 6 (other than those conditions that by their nature are to be satisfied at or immediately prior to the Closing), the purchase and sale of the Shares shall take place remotely via the exchange of documents and signatures (the “Closing”) on the date of, or within one business day following, the closing of the Next Equity Financing, or such other date, time and place as agreed by both parties (the “Closing Date”).
More Definitions of Next Equity Financing
Next Equity Financing means the next sale (in one or more closings) after the date hereof by the Company or any Successor Entity of its capital stock whereby the issuer commits to register the capital stock offered for sale in such financing by filing a registration statement in compliance with the Securities Act of 1933, as amended, and from which the Company or any Successor Entity receives gross proceeds of at least $1,750,000 (excluding any convertible promissory notes which are converted into such capital stock).
Next Equity Financing means the first sale or issuance by the Company after the Issue Date of this Warrant, in a single transaction or series of related transactions, of shares of its convertible preferred stock or other equity securities to one or more investors for cash in a bona fide equity financing of the Company.
Next Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities following the date of issuance of this Note, in one or more offerings relying on Section 4(a)(2) of the Securities Act or Regulation D thereunder for exemption from the registration requirements of Section 5 of the Securities Act, from which the Company receives gross proceeds of not less than US $1,000,000.00 (excluding, for the avoidance of doubt, the aggregate principal amount of the Crowdfunding Notes).
Next Equity Financing means the next sale by the Company of its Equity Securities following the date of issuance of this SAFE that is supported by the Company’s Secured Lender. The Company intends its Next Equity Financing to be a public rights offering to its stockholders. Rights granted, as currently proposed, will provide stockholders of record with the opportunity to purchase shares of common stock of the Company. The final terms of the rights offering will be determined upon consultation with the Company’s financial advisors.
Next Equity Financing means the next transaction or series of related transactions following the date of this Agreement pursuant to which the Company issues and sells its equity securities and raises aggregate gross proceeds to the Company of at least $1,500,000 (excluding any principal and unpaid accrued interest on the Notes that convert into the Equity Securities issued in the Next Equity Financing).
Next Equity Financing means any subsequent sales by the Company of its Equity Securities, in one or a series of related transactions, following the date of issuance of this Note from which the Company receives aggregate gross proceeds of not less than US$7,500,000.00 (excluding, for the avoidance of doubt, the aggregate principal amount of this Note).
Next Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities following the Effective Date to bona-fide third-party purchasers (other than the current holders of the Company’s Equity Securities as of the Effective Date) from which the Company receives gross cash proceeds of not less than One Million and 00/100 U.S. Dollars ($1,000,000.00) and pursuant to which the Equity Securities sold, in each instance, are priced based upon a pre-money valuation of the Company of greater than Two Million and 00/100 U.S. Dollars ($2,000,000.00).