Qualified Secondary Offering definition

Qualified Secondary Offering means a firm-commitment underwritten public offering of Common Stock to the public at a price of at least $5.00 per share (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization affecting such shares) pursuant to an effective registration statement under the Securities Act resulting in at least $10,000,000 of gross proceeds to the Company.

Qualified Secondary Offering means a sale of the Company's Common Stock pursuant to a public offering of the Company's Common Stock on Form S-1 (or any other appropriate general or short registration form) under the Securities Act of 1933, as amended, pursuant to which the Common Stock is offered (whether or not for the Company's account) for at least $8.75 per share, subject to appropriate adjustment if any of the events set forth in Section 7(f)(i) shall occur.

Qualified Secondary Offering means a sale of Company's Common Stock pursuant to a public offering of Company's Common Stock on Form S-1 (or any other appropriate general or short registration form) under the Securities Act of 1933, as amended, which is consummated on or before December 31, 1999, pursuant to which the Common Stock is offered (whether or not for Company's account) for at least $8.75 per share, subject to appropriate adjustment if any of the events set forth in Section 4.2 shall occur and pursuant to which GE Capital has the ability to sell at least 1,766,245 shares of Common Stock.

Examples of Qualified Secondary Offering in a sentence

• The covenants set forth in Section 3.1 and Section 3.2 shall terminate and be of no further force or effect upon the earlier of (i) the closing of the Qualified Secondary Offering or (ii) the conversion of all shares of Series A Preferred Stock into Common Stock pursuant to the Certificate of Incorporation.

• If Company does not consummate a Qualified Secondary Offering, this Warrant shall be cancelled effective January 1, 2000.

• From and after the consummation of a Qualified Secondary Offering and until 5:00 P.M., New York time, on the Expiration Date (the "Exercise Period"), Holder may exercise this Warrant, on any Business Day, for all or any part of the number of shares of Common Stock purchasable hereunder.

• Such securities included by any Purchaser in the Qualified Secondary Offering shall be offered and sold at the same price the Company proposes to sell securities for its own account thereunder.

• Put Option: In the event that the Company has not executed a Qualified Secondary Offering or otherwise provided a Liquidity Event within 61 months of the Closing, Saugatuck will thereafter have the right for a period 59 months to put the Warrant-G, including the Clawback amount if appropriate, to the Company at an amount equal to the Warrant's fair market value, with no discounts for liquidity or minority positions, as determined by a mutually-agreed upon authority (the "Put Option").

More Definitions of Qualified Secondary Offering

Qualified Secondary Offering in Section 1 of the New Warrant is hereby deleted in its entirety and replaced with the following:

Qualified Secondary Offering in Section 1 of the Warrant is hereby deleted in its entirety.

Qualified Secondary Offering means a sale of the Company's Common Stock pursuant to (i) a public offering of the Company's Common Stock on Form S-1 (or any other appropriate general or short registration form under the Securities Act of 1933, as amended) pursuant to which the Common Stock is offered (whether or not for the Company's account) for at least $8.75 per share or (ii) a Qualified Private Placement for at least $8.75 per share, in each case such $8.75 price shall be subject to appropriate adjustment if any of the events set forth in Section 4.2 shall occur.

Qualified Secondary Offering means a sale of the Company's Common Stock pursuant to (i) a public offering of the Company's Common Stock on Form S-1 (or any other appropriate general or short registration form under the Securities Act of 1933, as amended), pursuant to which the Common Stock is offered (whether or not for the Company's account) for at least $8.75 per share or (ii) a Qualified Private Placement for at least $8.75 per share, in each case such $8.75 price shall be subject to appropriate adjustment if any of the events set forth in Section 4.2 shall occur, which in each case shall be consummated on or after December 20, 1999 and on or before April 30, 2000 and in each case pursuant to which GE Capital has the ability to sell at least 1,766,245 shares of Common Stock.

Qualified Secondary Offering means a bona fide firm commitment underwritten public offering of Qualified Secondary Shares (as defined in the Securities Purchase Agreement) and, if applicable, Qualified Secondary Warrants (as defined in the Securities Purchase Agreement) with a nationally recognized underwriter that generates gross proceeds to the Company in excess of $15,000,000 (but expressly excluding “at-the-market offerings” (as defined in Rule 415(a)(4) promulgated by the SEC under the 1933 Act (as defined in the Securities Purchase Agreement)), “confidentially-marketed public offerings,” “registered direct offerings,” “wall-crossed offerings,” “pre-marketed offerings” and such other public offerings that are announced after confidential marketing to investors and “equity lines of credit”) (it being expressly understood and agreed that Qualified Secondary Shares must be issued in a Qualified Secondary Offering).

Qualified Secondary Offering means a secondary offering of Crdentia common stock raising $20,000,000 or more in gross proceeds.

Qualified Secondary Offering means a firm underwritten public offering of Common Stock by a nationally recognized underwriter with aggregate gross proceeds to the Company of at least $10,000,000 and reflecting a market value of the Company of at least $200,000,000 immediately prior to such public offering.