Concurrent Financing definition

Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.
Concurrent Financing means the non-brokered private placement offering of Subscription Receipts pursuant to which the Company raised gross proceeds of $10,500,000 through the issuance of 35,000,000 Subscription Receipts, on a post-Company Split basis, at price of $0.30 per Subscription Receipt;
Concurrent Financing means the issuance of warrants, Shares, subscription rights and Regulatory Convertible Indebtedness completed or announced by the Company on the date hereof, including for the avoidance of doubt the Hankey Warrant (including the warrant included therewith) and the Tranche 4 Notes and any adjustments thereto effected in relation to the backstop arrangements in respect of the foregoing.

Examples of Concurrent Financing in a sentence

  • On Closing HTI issued 28,511,479 shares at an estimated fair value of $0.63 per share in exchange for all of the issued and outstanding AssetCo Shares, including the Concurrent Financing Shares and reserve for issuance 15,460 shares in connection with the exercise of any Post-Consolidation PCL Options following the Amalgamation.

  • In addition, prior to the Concurrent Financing, the Agent also has agreed to sell on a ‘commercially reasonable efforts’ basis up to 4,000,000 units of the Company for $0.50 per unit (the “Seed Extension Financing”).

  • After Closing, 37,842,827 shares are issued and outstanding on a non-diluted basis, of which approximately 27,896,825 shares are held by VST, 614,654 shares are held by Concurrent Financing Subscribers, and 7,936,507 shares are held by former HTI shareholders and 1,394,841 shares are held by Hike.

  • Reverse Takeover Transaction (Continued) before Closing, there were (a) 51,333,727 Pre-Consolidation PCL Shares; (b) 100,000 Pre-Consolidation PCL Options;(c) 100 AssetCo Shares, excluding Concurrent Financing Shares; and (d) 614,654 Concurrent Financing Shares issued and outstanding.

  • Accordingly, approximately 73.72% of the total issued and outstanding shares are owned by VST, 1.62% of the total issued and outstanding shares are owned by Concurrent Financing Subscribers, approximately 20.97% of the total issued and outstanding shares are owned by pre-Transaction HTI Shareholders, and approximately 3.69% of the total issued and outstandingshares are owned by Hike on a non-diluted basis.

More Definitions of Concurrent Financing

Concurrent Financing means financing in the form of debt or equity (whether convertible or otherwise) by the Company to occur after the date hereof and prior to the Closing.
Concurrent Financing means an equity or debt financing that may be completed by MichiCann concurrently with the closing of the RTO.
Concurrent Financing means the non-brokered private placement to be completed by the Purchaser of Special Warrants at a price of $0.07 per Special Warrant for aggregate gross proceeds of not less than $3,000,000 or more than $5,000,000. A commission of 7% in cash and 7% in broker warrants may be payable and issuable to third parties in connection with the portion of the Concurrent Financing they are responsible for;
Concurrent Financing means the issuance of Ordinary Shares or ADSs on substantially the same terms as contained in this Agreement to other investors (the “Other Purchasers”); provided that (i) such Other Purchasers, if any, shall have entered into securities purchase agreement(s) (the “Other SPAs”) on the date hereof or no later than 45 days following the date hereof; (ii) the price per each ADS sold to Other Purchasers shall either (A) not be lower than the Per ADS Purchase Price (or, for the sake of clarity, if the issuance is of Ordinary Shares, rather than ADSs, a price per Ordinary Share that is not lower than the Per ADS Purchase Price multiplied by 30) or (B) if it is lower than the Per ADS Purchase Price (such lower price per ADS being referred to as the “Adjusted Per ADS Purchase Price”), then the Per ADS Purchase Price hereunder shall, for all intents and purposes be modified to be equal to the Adjusted Per ADS Purchase Price and the Purchaser shall be issued at the Closing a number of ADSs equal to the Subscription Amount divided by the Adjusted Per ADS Purchase Price (or, if Closing shall have occurred prior to the execution of such securities purchase agreements with the Other Purchaser(s), shall be issued the additional ADSs to which such Purchaser would have been entitled had the initial Per ADS Purchase Price been the Adjusted Per ADS Purchase Price); and (iii) the aggregate purchase price for the sale of the ADSs and/or Ordinary Shares (including the Aggregate Purchase Price hereunder) under this Agreement and the Other SPAs (the “Total Round”) shall not exceed the Maximum Round Amount. EXECUTION COPY
Concurrent Financing means a non-brokered private placement of Subscription Receipts at a price of $0.50 per Subscription Receipt, or any other debt or equity financing of the Purchaser or the Company as to be mutually determined by the Company and the Purchaser, acting reasonably, for aggregate minimum gross proceeds of $8,000,000;
Concurrent Financing shall have the meaning given to it in the Recitals of the Note Subscription Agreement.
Concurrent Financing means the proposed non-brokered private placement of Aura for minimum gross proceeds of $1,000,000 and maximum of $5,000,000;