Additional Equity Financing Sample Clauses
The Additional Equity Financing clause outlines the terms and conditions under which a company may seek and secure further investment by issuing new shares or equity interests beyond the initial funding round. Typically, this clause specifies the process for notifying existing investors, their rights to participate in the new financing (such as preemptive or pro rata rights), and any limitations or requirements for the new equity issuance. Its core practical function is to provide a clear framework for raising additional capital while protecting the interests of current shareholders and ensuring transparency in the dilution of ownership.
Additional Equity Financing. During the Interim Period, Acquiror may execute Subscription Agreements with equity investors pursuant to Section 8.04. If Acquiror desires to seek additional financing from potential equity investors pursuant to Subscription Agreements, the Company agrees, and shall cause the appropriate officers and employees thereof, to use reasonable best efforts to cooperate in connection with the arrangement of such financing as may be reasonably requested by Acquiror.
Additional Equity Financing. The Company intends to continue to pursue an at-the-market program that includes up to approximately 63.3 million remaining shares under our existing at-the-market programs (including the shares to be sold under the Equity Distribution Agreement). The amount of liquidity we might generate will primarily depend on the market price of our Class A common stock, trading volumes, which impact the amount of shares we are able to sell, and the available periods during which sales may be made. As of January 22, 2021, the Company has raised proceeds of approximately $565 million, before fees, through the sale of approximately 214.8 million shares of its Class A common stock pursuant to its at-the-market offering programs. Because our market price and trading volumes are volatile, there is no guarantee as to the amounts of liquidity we might generate or that our prior experience accurately predicts the results we will achieve. • Landlord Negotiations. Commencing in 2021, our cash expenditures for rent were scheduled to increase significantly as a result of rent obligations that have been deferred to 2021 and future years that are approximately $450 million as of December 31, 2020. In light of our liquidity challenges, and in order to establish our long-term viability, we believe the Company must continue to reach accommodations with its landlords to ▇▇▇▇▇ or defer a substantial portion of the Company’s rent obligations, in addition to generating sufficient amounts of liquidity through the at-the-market program and the other potential financing arrangements discussed below. Accordingly, the Company has entered into additional landlord negotiations to seek material reductions, abatements and deferrals in our rent obligations. In connection with these negotiations, we have ceased to make rent payments under a substantial portion of our leases and have received notices of default, the result of which may permit landlords to threaten or seek potential remedies, including termination of leases, acceleration of obligations or involuntary insolvency proceedings. We continue to renegotiate leases with landlords to attain additional concessions. To the extent we achieve substantial deferrals but not abatements, our cash requirements will increase substantially in the future. • Other Creditor Discussions. While the liquidity we have raised has substantially extended our liquidity runway, the new debt we have raised or that has been committed, together with the higher interest ...
Additional Equity Financing. Within the 6 month anniversary of the Closing Date, the Company shall raise gross proceeds the aggregate minimum amount of $5,000,000 through the sale and issuance of Common Stock and equity of the Company. If the Company does not raise at least $5,000,000 within the 6 month period, then the Exercise Price shall be reduced by $0.25, , subject to adjustment herein, but not to less than $0.0001.
Additional Equity Financing. Upon closing of an Additional Equity Financing, the Borrower shall make a Claw Back payment in the amount equal to 5% of the funds raised at such Additional Equity Financing.
Additional Equity Financing. Thunder Bridge II shall have received from the Additional Equity Financing at least $75,000,000.
Additional Equity Financing. The Company shall have received during the period from April 18, 2005, up and including the date of the Closing, at least $99,999,998 (a) in gross investment proceeds by way of the issuance of additional shares of Series B Preferred Stock of the Company or (b) in cash proceeds from specific product development financing arrangements and each Purchaser shall have received evidence of the foregoing reasonably satisfactory to it
Additional Equity Financing. For the avoidance of doubt, during the Interim Period and subject to Sections 7.1(k) and 8.4(a)(viii), Acquiror and the Company and/or Swiss NewCo may execute Additional Subscription Agreements with investors with the prior written consent of the other Parties hereto.
Additional Equity Financing. For the avoidance of doubt, during the Interim Period and in accordance with Sections 5.1(a) and 6.3(a), Zanite, the Company and/or Embraer may execute Additional Subscription Agreements with equity investors with the prior written consent of the other Parties hereto.
Additional Equity Financing. During the Interim Period, Acquiror may not execute agreements with equity investors or otherwise seek additional financing from potential equity or equity-linked investors without the prior written consent of the Company and the C Preferred Parent Investor.
Additional Equity Financing. You agree to use commercially reasonable efforts to issue and sell shares of Your preferred Stock (anticipated to be Series D-1 Preferred Stock) for aggregate gross cash proceeds of at least $5,000,000 on or before September 30, 2010