Qualified Financing Defined. The term "Qualified Financing" shall mean that the Company issues and sells shares of its equity securities ("Equity Securities") to investors (the "Investors") on or before the Maturity Date in an equity financing with total proceeds to the Company of not less than $5,000,000 (excluding the conversion of the Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)).
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Sources: Senior Secured Bridge Promissory Note (Aclarion, Inc.)
Qualified Financing Defined. The term "Qualified Financing" shall mean that the Company issues and sells shares of its equity securities ("Equity Securities") to investors (the "Investors"”) on or before the Maturity Date in an equity financing with total proceeds to the Company of not less than $5,000,000 (excluding the conversion of the Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)).
Appears in 1 contract
Sources: Senior Secured Bridge Promissory Note (Aclarion, Inc.)
Qualified Financing Defined. The term "“Qualified Financing" ” shall mean that the Company issues and sells shares of its equity securities ("“Equity Securities"”) to investors (the "“Investors"”) on or before the Maturity Date in an equity financing with total proceeds to the Company of not less than $5,000,000 (excluding the conversion of the Notes or other convertible securities issued for capital raising purposes (e.g., Simple Agreements for Future Equity)).
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