Lapse. The Company's First Refusal Right under Section 3 above shall lapse and cease to have effect upon the closing of the first underwritten public offering of Common Stock of the Company that is pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"), covering the offer and sale of any Common Stock to the public for the Company's account in a firmly underwritten offering for at least $20,000,000.
Appears in 9 contracts
Samples: Agreement (Skillsoft Public Limited Co), Security Agreement (Skillsoft Public Limited Co), Security Agreement (Skillsoft Corp)
