Subsequent Equity Financing definition

Subsequent Equity Financing means the next round or rounds of equity financing, subsequent to the Effective Date, in which Borrower issues and sells shares of its capital stock (other than shares of capital stock sold in a transaction that would be exempt from the anti-dilution rights of the holders of Borrower’s preferred stock pursuant to clauses (i) through (viii) of Article V, Section 5.8 of Borrower’s certificate of incorporation, as currently in effect) for aggregate cash proceeds in excess of $10,000,000.

Subsequent Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which Company sells shares of capital stock (whether common or preferred) of Company or any warrants or other convertible securities of Company.

Examples of Subsequent Equity Financing in a sentence

The dollar amount (calculated as a ratio) used to determine the measurement amount for the exchange into a Subsequent Equity Financing shall be 1.2 times the entire Investment Amount described above.
Promptly following the First Effective Time, the Company shall deliver notices to the parties to the Subsequent Equity Financing, if any, to cause the release of funds from escrow to the Company.
Payment of the Financing Purchase Price for the Subsequent Equity Financing Shares shall be made against delivery to UCB (or any of its designated UCB Subsidiaries) of the Subsequent Equity Financing Shares, which shares shall be certificated and delivered to UCB (or any of its designated UCB Subsidiaries) promptly following the closing of the Qualified Equity Financing, Triggering Financing or Third Financing, as applicable.
If the Payee desires to participate in such Subsequent Equity Financing, it must provide written notice to the Maker by not later than 5:30 p.m. (New York City time) on the second (2nd) Trading Day after receipt of the Pre-Notice that the Payee is willing to participate in the Subsequent Equity Financing.
The Equity Notice shall contain the terms, conditions and pricing of such Subsequent Equity Financing and the Equity Notice and shall be delivered to Silicon at 0000 Xxxxxx Xxxxx XX 000, Xxxxx Xxxxx, Xxxxxxxxxx 00000, to the attention of General Counsel.

Subsequent Equity Financing means an equity financing in which the Company realizes total cumulative proceeds equal to or in excess of $2,000,000 (Two Million Dollars) in one or more equity financing transactions. A “Liquidation Event” means any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, as well as (x) any merger, consolidation or conversion of the Company into or with another company (except one in which the holders of capital stock of the Company immediately prior to such merger or consolidation continue to hold at least a majority of the voting power of the capital stock of the surviving company), (y) any sale, license, lease or transfer of all or substantially all of the assets of the Company, or (z) any other transaction pursuant to or as a result of which a single person (or group of affiliated persons) acquires or holds capital stock of the Company representing a majority of the Company’s outstanding voting power.

Subsequent Equity Financing means any sale by the Corporation of shares of Common Stock, Common Stock Equivalents or any combination of shares of Common Stock and Common Stock Equivalents, made after the Original Issue Date, but shall not include any sale or other issuance of: (i) shares of Common Stock or Common Stock Equivalents to employees, officers, consultants or directors of the Corporation pursuant to any stock option plan or stock incentive plan of the Corporation in effect on the Original Issue Date on the terms in effect on the Original Issue Date; (ii) any securities of the Corporation upon the exercise, exchange or conversion of the Special Warrants represented hereby; (iii) any securities of the Corporation upon the exercise, exchange or conversion of any Common Stock Equivalent granted or issued on or prior to the Original Issue Date (provided that such Common Stock Equivalent has not been modified or amended since the Original Issue Date to increase the number of securities issuable on exercise, exchange or conversion thereof or to decrease the exercise, exchange or conversion price thereof); (iv) securities issued in connection with any event set out in Section 8 hereof.

Subsequent Equity Financing shall have the meaning ascribed to such term in Section 4.20.

Subsequent Equity Financing has the meaning set forth in Section 4.6(b).

Subsequent Equity Financing means all transactions or series of transactions commencing on the date of the first offering of the convertible promissory notes referenced in clause (i) below and terminating upon the generation of aggregate proceeds to Marinus of sixteen million dollars ($16,000,000.00) through the sale and issuance by Marinus of (i) certain convertible promissory notes convertible into shares of Marinus’s senior class of convertible preferred stock, par value $0.001 per share, as authorized by Marinus’s certificate of incorporation in effect as of the date of conversion of such notes; and (ii) shares of Marinus’s senior class of convertible preferred stock, par value $0.001 per share, as authorized by Marinus’s certificate of incorporation in effect as of the date of such transaction or transactions. For the avoidance of doubt, the sixteen million dollars ($16,000,000.00) to be generated in the Subsequent Equity Financing shall not include any value of or imputed to the Purdue Common Stock.