Qualified Financing Price definition

Qualified Financing Price means the lowest price per share for which Qualified Financing Securities are sold or issued by the Company in the Qualified Financing.

Qualified Financing Price means the price per share in which shares of Common Stock are sold to the public in the Qualified Financing.

Qualified Financing Price means the price per security issued by the Corporation in the Qualified Financing

Examples of Qualified Financing Price in a sentence

• In lieu of any fractional share which would otherwise be issuable upon conversion of any Note pursuant to Section 3.4(a), the Company or its ultimate parent, as applicable, shall pay the holder of such Note an amount in cash equal to the product of (i) such fraction multiplied by (ii) the Qualified Financing Price (or the Discounted Qualified Financing Price, in the event the Qualified Financing is consummated more than sixty (60) days from the Closing).

• In the event such Qualified Financing is consummated more than sixty (60) calendar days from the Closing, the denominator specified in clause (ii) of the immediately preceding shall equal the Discounted Qualified Financing Price (as defined in Section 3.6 below).

• Upon the closing of a Qualified Financing (as defined in Section 3.6 below), the principal and all unpaid and accrued interest on each Note shall automatically convert into that number of shares of the equity securities issued in such Qualified Financing (the “Qualified Financing Securities”) equal to the quotient of (i) the outstanding principal amount of such Note and all unpaid and accrued interest divided by (ii) the Qualified Financing Price (as defined in Section 3.6 below).

• Warrants: Following the completion of a Qualified Financing, each Warrant entitles the holder to acquire one Common Share for an exercise price equal to the Qualified Financing Price at any time up to 5 years following the Closing Date (subject to adjustment in certain customary events).

• Upon the closing of any such Qualified Financing, all principal and interest on each Note shall automatically convert into that number and type of securities issued in such Qualified Financing (the “Qualified Financing Securities”) determined by dividing (i) the outstanding principal amount of such Note plus all accrued and unpaid interest thereon by (ii) the lower of (x) the Discounted Qualified Financing Price (as defined below), and (y) the Capped Price (as defined below).

More Definitions of Qualified Financing Price

Qualified Financing Price means the price per security issued by the Corporation in the Qualified Financing; and

Qualified Financing Price means the per-share selling price of Conversion Stock sold by the Company in the Qualified Financing for new cash investment.

Qualified Financing Price has the meaning set forth in Section 5.2.

Qualified Financing Price means [the lesser of (A)] the product of (1) 100% minus the Discount, multiplied by (2) the lowest price per Qualified Financing Share sold for new cash proceeds by the Company in the Qualified Financing [and (B) an amount equal to the Valuation Cap divided by the Fully Diluted Capitalization as of immediately before the initial closing of the Qualified Financing]11; and

Qualified Financing Price means the price per unit of membership interest in the Company paid by investors in the Qualified Financing.

Qualified Financing Price means the lesser of (a) the lowest price per share for which shares of Qualified Financing Securities are sold or issued by the Company in connection with the Qualified Financing, and (b) if options, warrants or other rights to purchase, subscribe for or acquire Qualified Financing Securities are sold or issued by the Company in connection with the Qualified Financing, the lowest exercise, purchase, subscription or other acquisition price payable to the Company for one share of Qualified Financing Securities under any such option, warrant or other right to purchase, subscribe for or otherwise acquire shares of Qualified Financing Securities.

Qualified Financing Price means the price per share in which shares of Common Stock are sold to the public in Qualified Financing.