Next Round Financing definition

Next Round Financing means the closing of a private placement of Next Round Securities which results in gross proceeds to the Company of $10 million in one or more tranches.

Next Round Financing means the Company's next bona fide round of preferred stock equity financing for the purpose of raising working capital for the Company with gross aggregate proceeds to the Company of at least $3,000,000. Until such time as this Warrant is exercised in full or expires, the Purchase Price and the securities issuable upon exercise of this Warrant are subject to adjustment as hereinafter provided.

Next Round Financing shall have the meaning given it in the Note and Warrant Purchase Agreement.

Examples of Next Round Financing in a sentence

• The Next Round Equity Securities issued to Holder shall have rights, preferences, privileges and restrictions (including, without limitation, registration rights, preemptive rights and any other contractual rights) identical to those granted to or received by the other investors in the Qualified Next Round Financing.

• No later than five (5) business days prior to the first closing of the Qualified Next Round Financing, the Company shall notify Holder of such closing and the conversion terms of this Note, including providing any offering documents that are utilized in connection with the Qualified Next Round Financing.

• Notwithstanding the foregoing, if the purchase price per share after such deduction is less than the purchase price per share paid by Sun Vantage under this Agreement, the purchase price per share to be paid by Sun Vantage in such Next Round Financing shall be increased to the one equal to the amount under this Agreement.

• If the Holder elects to convert this Note in a Next Round Financing, the Holder shall have the option to treat such Next Round Financing as a Qualified Financing on the same terms for conversion set forth herein.

• If the Company obtains any further financing by issuance or sale of equity securities of the Company to any third party (the “Next Round Financing”) after Closing, the Sun Vantage is entitled to co-invest in the Next Round Financing according to the then pre-money valuation of the Company.

More Definitions of Next Round Financing

Next Round Financing means a sale of shares of Next Round Stock for cash, but does not include the issuance of any other instrument or other security convertible into or exchangeable for preferred stock, or the issuance of any option, warrant or right to acquire any preferred stock or any security convertible or exchangeable for preferred stock.

Next Round Financing means (i) a bona fide sale of preferred stock of Borrower with gross proceeds to Borrower of at least $5,000,000 in an equity financing transaction for the primary purpose of raising additional capital after the date hereof or (ii) (a) a merger of Borrower with another entity (whether or not the Borrower is the “surviving entity”) whereby the shareholders of Borrower immediately prior to such merger own less than 50% of the outstanding voting securities of the surviving or successor entity (including Borrower if Borrower is the resulting or surviving entity) immediately after such merger; (b) the sale (in one or a series of related transactions) of all or substantially all of Borrower’s assets; or (c) any transaction (or series of related transactions) other than a transaction that is a bona fide equity financing with the primary purpose of raising capital for Borrower, whereby the shareholders of Borrower immediately prior to such transaction(s) own less than 50% of the outstanding voting securities of such acquirer or resulting entity (including, Borrower, if Borrower is the resulting or surviving entity).

Next Round Financing means the Company’s next Qualified Financing after the Date of Grant.

Next Round Financing means the Borrower's next bona fide round of preferred stock equity financing after the date hereof resulting in net aggregate proceeds to the Borrower of at least $3,000,000.00; (ii) "Next Round Closing" means the date on which the Next Round Financing closes; and (iii) "Next Round Stock" means the class or series of equity securities issued in connection with the Next Round Financing.

Next Round Financing means the sale by the Company of Preferred Stock, any security initially convertible into Preferred Stock, or any debt security convertible into either Preferred Stock or Common Stock of the Company (but not of any other security of the Company) in one or a series of related transactions occurring after the date of the Excluded Service Provider Issuance.

Next Round Financing means the Series A-4 preferred stock equity financing of the Borrower.

Next Round Financing means the Borrower's next bona fide round of preferred stock private equity financing after the date hereof; (ii) "NEXT ROUND CLOSING" means the date on which the Next Round Financing closes; and (iii) "NEXT ROUND STOCK" means the class or series of equity securities issued in connection with the Next Round Financing.