Seed Financing definition

Seed Financing has the meaning ascribed to it in section "4.1" hereinbelow;
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Seed Financing means financial aid to an inventor or entrepreneur to assess the viability of a concept and to qualify for start-up financing to fund, including, but not limited to, product development, market research, management team building and, pending successful progress on such initial steps, business plan development;
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Seed Financing means the sale by the Company of shares of Company Common Stock to cover (i) the transaction costs incurred in connection with this Agreement and the Merger; (ii) current operating costs; and (iii) the settlement payment of certain liabilities as part of its restructuring in connection with the Merger.
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Examples of Seed Financing in a sentence

  • Fundingco shall use commercially reasonable efforts to complete the Fundingco Seed Financing and the Fundingco Secondary Financing.

  • The number of Additional Investor Shares to be issued to the Shareholders herein in a Qualified Financing shall be equal to (x) the quotient obtained by dividing (i) the post-money valuation of the Company after completion of the Seed Financing, by (ii) pre-money valuation of the Company for the Qualified Financing, multiplied by (y) the number of Shares owned by each Shareholder in the Seed Financing.

  • With the exception of the Payment Shares, any and all financings or issuances of securities convertible into common shares of Pubco subsequent to the time the Seed Financing Threshold is obtained, including the Secondary Financing, shall be at a price, or converted at a price, which is at least twice the price of the highest priced Seed Financing completed prior to the time that the Secondary Financing is complete.

  • A “Qualified Financing” shall mean the next offering of equity or equity linked securities by the Company after the Seed Financing in an amount of at least $1,000,000.


More Definitions of Seed Financing

Seed Financing means the financing of Blueberries consisting of the sale of 7,000,000 Blueberries Shares at a price of $0.05 per Blueberries Share for aggregate gross proceeds to Blueberries of $350,000.
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Seed Financing means the non-brokered private placement by FTC of 12,000,000 Common Shares at a price of C$0.05 per Common Share, for gross proceeds of C$600,000.00 that closed on June 22, 2021;
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Seed Financing means the non-brokered private placement of 33,500,000 Common Shares at a price of
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Related to Seed Financing

  • Permitted Financing means (i) the Company’s issuance of Common Stock and warrants therefore in connection with a merger and/or acquisition or consolidation, (ii) the issuance of shares of Common Stock or warrants therefore in connection with strategic license agreements so long as such issuances are not for the purpose of raising capital, (iii) the Company’s issuance of Common Stock or the issuance or grants of options to purchase Common Stock pursuant to the Company’s stock option plans and employee stock purchase plans as they now exist, and (iv) the issuance of Common Stock upon the exercise or conversion of any securities outstanding on the date hereof.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.