Series B Financing definition

Series B Financing means the equity financing contemplated by the Securities Purchase Agreements between Calidi Biotherapeutics, Inc., and Jackson Investment Group, LLC and Calidi Cure, LLC, dated June 16, 2023, to secure commitments for the purchase of Series B Convertible Preferred Stock of Calidi.

Series B Financing shall have the meaning set forth in the second paragraph of this Agreement.

Series B Financing means the closing by the Company, in one or more transactions consummated subsequent to June 29, 2009, of an aggregate of at least $6,000,000 in equity and/or debt financing.

Examples of Series B Financing in a sentence

• The Company has all requisite corporate power and authority and any government consents and approvals to (i) own and operate its properties and assets, (ii) execute and deliver this Agreement, (iii) issue and sell the Series B Preferred Shares, (iv) carry out the provisions of this Agreement, the Series B Financing Agreements (as such term is defined in the May 2017 SPA) and the Charter and (v) carry on its business as presently conducted.

• Such Purchaser acknowledges and agrees that the Purchased Series B Shares are subject to restrictions on transfer as set forth in the Series B Financing Agreements.

• The Company shall have completed the Series B Financing on terms and conditions satisfactory to Cryogen.

• Of particular relevance here, View purported to ratify the Series B Financing that the JAMS arbitrator had ruled was void and invalid, and built off of that to ratify all subsequent financing rounds View had undertaken throughout the pendency of the JAMS Arbitration.14Through the termination of the Voting Agreement, View reconstituted its Board from a five-member to an eleven-member Board, removing Nguyen from the Board in the process.

• Therefore, at the time the defective corporate acts at issue here were taken, the Company did not have the power to take these acts because its majority common stockholder had declined to approve them.What occurred when Nguyen revoked his consent to the Series B Financing was much more than a mere “failure of authorization” as contemplated by Section 204.

More Definitions of Series B Financing

Series B Financing means the issuance and sale of Series B Preferred Stock pursuant to the terms of the Series B Convertible Preferred Stock Purchase Agreement, dated as of February 4, 2003, entered into among Elixir and the Purchasers named therein, as amended by those Amendments Nos. 1, 2 and 3 dated July 9, 2003, September 24, 2003 and February 2, 2004, respectively.

Series B Financing shall be Avro’s next round of financing after the Series A Financing.

Series B Financing means the convertible preferred Series B equity financing contemplated by the Series B Financing Agreement, including any such financing at the initial closing contemplated thereby.

Series B Financing means the sale of up to approximately 3,200,000 shares of Series B Preferred at a purchase price of $4.71 per share pursuant to the Series B Preferred Stock Purchase Agreement.

Series B Financing is added immediately following the definition of “Securities Act”:

Series B Financing means AVROBIO’s first issuance and sale of shares of a newly authorized series of preferred stock (e.g., Series B preferred stock) after the Effective Date of this Agreement to venture capital funds and/or other institutional investors in a bona fide equity financing.

Series B Financing means an equity financing by a third party investor with pre money valuation of the Company at [***] and the investment amount of no less than [***]; ​ ​ ​ ​