Qualified Initial Offering definition

Qualified Initial Offering means the Company’s first firm commitment underwritten public offering of its Common Stock registered under the Securities Act in which the gross cash proceeds to the Company (before underwriting discounts, commissions and fees) are at least $50,000,000.
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Qualified Initial Offering means a registered firm commitment underwritten public offering by the Company of its Ordinary Shares resulting in aggregate gross cash proceeds greater than US$50,000,000 and the public offering price per Ordinary Share is not less than US$9.27 (as adjusted pursuant to any share consolidation or subdivision).
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Qualified Initial Offering means the Company’s first firm commitment underwritten public offering of Common Stock covering the offer and sale of Common Stock for the account of the Company with gross proceeds to the Company of at least $25 million, provided that the Common Stock is approved for quotation on the Nasdaq Stock Market, the New York Stock Exchange or the American Stock Exchange immediately following the consummation thereof.
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Examples of Qualified Initial Offering in a sentence

  • All covenants of the Company contained in Section 3 of this Agreement other than the provisions of Section 3.3 (and which obligations of each Investor to the Company under Section 3.3 shall survive), shall expire and terminate as to each Investor upon the earlier of (a) the effective date of the registration statement pertaining to a Qualified Initial Offering or a Registration Statement (as defined in the Purchase Agreement), or (b) upon a Liquidation Event (as defined in the Charter).

  • The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (a) the effective date the registration statement pertaining to the Qualified Initial Offering or a Registration Statement (as defined in the Purchase Agreement), or (b) upon a Liquidation Event.

  • All covenants of the Company contained in Section 3 of this Agreement (other than the provisions of Section 3.3) shall expire and terminate as to each Investor upon the effective date of the registration statement pertaining to the Qualified Initial Offering or upon the closing of an Acquisition or Asset Transfer.

  • The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the effective date of the registration statement pertaining to the Company’s Qualified Initial Offering, or upon the closing of an Acquisition or Asset Transfer.

  • The right of any Holder to request registration of Registrable Securities in any registration pursuant to Section 2.2 hereof shall terminate upon such time as such Holder holds less than 10% of the Company’s outstanding Common Stock and the Company has completed its Qualified Initial Offering.

  • The rights granted pursuant to this Section 7 shall terminate upon a Qualified Initial Offering.

  • The provisions of this clause 9 shall not apply, and shall terminate upon the earlier of (i) the effective date of a registration statement pertaining to a Qualified Initial Offering or (ii) the date on which there are no longer any Preferred Shares in issue.

  • In addition, a Holder's registration rights shall expire at such time after the Company's Qualified Initial Offering as all Registrable Securities held by and issuable to such Holder (and its affiliates, partners, former partners, members and former members) may be sold under Rule 144 during any 90-day period, provided that such Holder (together with its affiliates, partners, former partners, members, and former members) holds less than one percent (1%) of the Company's outstanding stock.

  • Notwithstanding the foregoing, however, no such reduction shall reduce the amount of securities of the selling Holders included in the registration below twenty percent (20%) of the aggregate amount of securities of the selling Holders so requested to be included in such registration, unless such offering is the Qualified Initial Offering in which event no Holder shall have any right to participate therein.

  • All registration rights granted under this SECTION 2 shall terminate and be of no further force and effect ten (10) years after the date of the Company's Qualified Initial Offering.


More Definitions of Qualified Initial Offering

Qualified Initial Offering means an Initial Offering for total proceeds of not less than $10,000,000 (before deduction of underwriters’ commissions and expenses);
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Qualified Initial Offering means an Initial Offering in connection with which all outstanding shares of Preferred Stock shall automatically be converted into shares of Common Stock pursuant to Article IV (D)(4)(l)(i)(B) of the Company’s Amended and Restated Certificate of Incorporation, as may be amended from time to time.
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Qualified Initial Offering means an Initial Offering in which the price to the public of the Company's Common Stock is not less than $2.10 per share (as appropriately adjusted for any stock split, stock dividend, stock combination, recapitalization or similar event) and which results in aggregate cash proceeds to the Company of at least $35,000,000 (net of underwriting discounts and commissions).
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Qualified Initial Offering means (i) an Initial Offering of the Listed Company in which the Listed Company is valued at not less than [***] by the lead underwriter of such Initial Offering, (ii) a Direct Listing of the Listed Company in which the expected valuation of the Listed Company at the time of such Direct Listing, as determined by either the Listed Company’s financial advisor or the Board of Directors, is not less than [***] or (iii) a SPAC Merger of the Listed Company, in which the valuation ascribed to the Listed Company by the counterparty in connection with such SPAC Merger is not less than [***].
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Qualified Initial Offering means: (i) if within twelve months of -------------------------- January 28, 2000, the closing of an underwritten public offering of Common Stock at a public offering price of at least $57.50 per share (as adjusted for subdivisions of the Common Stock, whether by stock split stock dividend or otherwise) and gross proceeds to the Corporation in excess of $25,000,000; or (ii) if after such date, the closing of an underwritten public offering of Common Stock at a public offering price of at least $80.00 per share (as adjusted for subdivisions of the Common Stock, whether by stock split stock dividend or otherwise) and gross proceeds to the Corporation in excess of $25,000,000.
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Qualified Initial Offering means a registered firm commitment underwritten public offering by the Company of its Ordinary Shares resulting in aggregate gross cash proceeds greater than US$50,000,000 and the public offering price per Ordinary Share is not less than US$9.27 (as adjusted pursuant to any share consolidation or subdivision);
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Related to Qualified Initial Offering

  • Qualified Initial Public Offering means a firm underwritten offering of the Company pursuant to a registration statement under the Securities Act (i) of common Capital Stock having an aggregate gross offering price of at least $50,000,000 and (ii) reasonably expected to result in more than 100 holders of record of Voting Stock of the Company (exclusive of holdings of Affiliates and employees of the Company).

  • Initial Offering means the Company’s first firm commitment underwritten public offering of its Common Stock under the Act.

  • Initial Offer means the initial offer of Participating Shares in a Fund as set out in the applicable Supplement;

  • Qualified Investors means investors who are professional clients (client professionnel/professionele cliënt) or eligible counterparty (contrepartie éligible/in aanmerking komende tegenpartij) as defined in the Belgian Prospectus Law of 16 June 2006 (as amended from time to time). The Qualified Investors may bear a lower Entry Fee (as defined under item 77 of Part A) depending on (i) the evolution of the credit quality of the Issuer (credit spread), (ii) the evolution of interest rates, (iii) the success (or lack of success) of the placement of the Notes, and (iv) the amount of Notes purchased by an investor, each as determined by each relevant distributor (including BNP Paribas Fortis SA/NV) in its sole discretion. Conditions to which the offer is subject: The Offer of the Notes is conditional on its issue.

  • Shelf Offering has the meaning set forth in Section 1(d)(i).

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.

  • Marketed Underwritten Shelf Take-Down has the meaning set forth in Section 2.02(e).

  • Initial Offering Period means the initial period during which a Series of the Trust will offer its Shares prior to the commencement of investment operations of such Series;

  • Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

  • Subsequent Offering means any further issuance of Interests in any Series, excluding any Initial Offering or Transfer.

  • Qualified Investor means an investor who has been certified by the commissioner under subdivision 3.

  • Marketed Underwritten Offering means any Underwritten Offering (including a Marketed Underwritten Shelf Take-Down, but, for the avoidance of doubt, not including any Shelf Take-Down that is not a Marketed Underwritten Shelf Take-Down) that involves a customary “road show” (including an “electronic road show”) or other substantial marketing effort by the Company and the underwriters over a period of at least 48 hours.

  • Rule 415 Offering means an offering on a delayed or continuous basis pursuant to Rule 415 (or any successor rule to similar effect) promulgated under the Securities Act.

  • Shelf Offering Notice has the meaning set forth in Section 2(d)(ii).

  • TERMINATION OF THE INITIAL PUBLIC OFFERING means the earlier of (i) the date on which the Initial Public Offering expires or is terminated by the Company or (ii) the date on which all shares of stock offered in the Initial Public Offering are sold, excluding warrants, if any, offered thereunder and shares that may be acquired upon exercise of such warrants and shares offered thereunder that may be acquired pursuant to the Reinvestment Plan.

  • COMMENCEMENT OF THE INITIAL PUBLIC OFFERING means the date that the Securities and Exchange Commission declares effective the registration statement filed under the Securities Act for the Initial Public Offering.

  • Public Offering means any offering by the Company of its equity securities to the public pursuant to an effective registration statement under the Securities Act or any comparable statement under any comparable federal statute then in effect (other than any registration statement on Form S-8 or Form S-4 or any successor forms thereto).

  • Underwritten Offering Notice has the meaning set forth in Section 2(b).

  • Subscription Offering means the offering of the Conversion Stock to Participants.

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • Qualified Investments means any and all securities, obligations or accounts in which municipalities may invest their funds under applicable Maine law.

  • Underwritten Shelf Take-Down Notice has the meaning set forth in Section 2.02(e).

  • Qualified Offering in Section 1.1 of the Securities Purchase Agreements is deleted and replaced with the following:

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Underwritten Public Offering means an underwritten Public Offering, including any bought deal or block sale to a financial institution conducted as an underwritten Public Offering.