Private Placement Financing definition

Private Placement Financing means the private placement of up to 32,000,000 INX Subscription Receipts at a price of $1.25 per INX Subscription Receipt for total gross proceeds of up to $40,000,000, or such other amount as may be mutually agreed to by INX and Valdy in writing;

Private Placement Financing means the non-brokered private placement of securities (pursuant to prospectus and registration exemptions in Canada, the United States, and in other jurisdictions acceptable to the parties to the Share Exchange Agreement, acting reasonably) of the Investment Vehicles and iAnthus Investor to raise aggregate gross proceeds of up to $8 million through the issuance of (a) equity securities, some of which may have restricted voting rights, at a minimum offering price of $1.25 or (b) the combination of (i) convertible security notes with one to three year terms and with a conversion price ranging from $1.65 to $1.00 per security and (ii) 35% warrant coverage with three year warrants with an exercise price of $1.75 per warrant. iAnthus has, as at the date of this Prospectus, closed $6,706,000 of the Private Placement Financing and was not required to, and did not, raise any further funds in the Private Placement Financing in order to satisfy a Closing condition.

Private Placement Financing means the financing of the Company by way of non-brokered private placement of Units and of Subscription Receipt Units of up to an aggregate of $5,000,000 at $0.50 per Unit or per Subscription Receipt Unit;

Examples of Private Placement Financing in a sentence

• As reflected in the Filing Statement for a Qualifying Transaction (“QT”) dated January 20, 2017, in accordance with the policies of the Exchange, the Company arranged a Non-brokered Private Placement Financing consisting of 7,903,459 Units of the Company at a price of $0.07 per unit, for gross proceeds of $553,242 (the “Financing”).

• No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of INX, other than fees and commissions payable to the selling agents pursuant to the Private Placement Financing.

• The Company did not engage any underwriter or placement agent in connection with the 2015 Private Placement Financing, and the aggregate gross proceeds raised by the Company in the 2015 Private Placement Financing totaled approximately $3,200,000.

• In particular, until 180 days after February 17, 2021, we may not undertake a reverse or forward stock split or reclassification of the Common Stock without the prior written consent of the investors in the 2021 Private Placement Financing, other than in connection with the uplisting of the Common Stock to the Nasdaq Stock Market or the New York Stock Exchange.

• All shares are subject to a four-month hold period, normal for Private Placement Financing of this size and nature.

More Definitions of Private Placement Financing

Private Placement Financing means collectively, the Private Placement Financing Shares and the Private Placement Financing Special Warrants;

Private Placement Financing means, the sale by Scythian of the Scythian Subscription Receipts in accordance with the terms of the Agency Agreement at a price of $0.40 ($8.00 post-consolidation) per Scythian Subscription Receipt for gross proceeds of $13,085,000 completed March 13, 2017 together with the second tranche closing completed March 31, 2017 for gross proceeds of $200,000 through the issuance of an aggregate of 33,212,500 (1,660,625 post-consolidation) Scythian Subscription Receipts;

Private Placement Financing has the meaning set forth in the recitals to this Agreement.

Private Placement Financing means an offering of the stock, and/or warrants of the Company not requiring registration under the Securities Act of 1933, as amended, that provides the Company with proceeds (including any debt conversions) in an amount of at least $3,000,000.

Private Placement Financing means the private placement financings identified on Exhibit B and any other issuances or incurrences of Debt of the Company or a Restricted Subsidiary from time to time pursuant to privately placed note offerings to institutional investors or term loans from institutional lenders if the aggregate amount of Debt issued or Guaranteed by the Company and the Restricted Subsidiaries under such offering or loans exceeds $10,000,000.

Private Placement Financing means the non-brokered private placement of the Company completed on September 3, 2020 consisting of 4,090,506 Common Shares at a price of $0.15 per Common Share for aggregate proceeds of $613,575.90.

Private Placement Financing means the private investment in private equity financing received by Eos pursuant to the Private Placement Subscription Agreements, which will provide Eos Private Placement Financing in an aggregate amount of at least $7.5 million.