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 shall have the meaning given to it in the Recitals of the Note Subscription Agreement.
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.
Examples of Concurrent Financing in a sentence
There are no conditions precedent or other contingencies related to the funding of the full amount of the Concurrent Financing, other than as expressly set forth in the Subscription Agreement.
Other than the Required Company Stockholder Vote and the Investor Agreement Termination Consent (and except with respect to the Concurrent Financing), no vote of the holders of any class or series of the Company’s capital stock or other securities is required in connection with the consummation of any of the Contemplated Transactions to be consummated by the Company.
As of the date hereof, the Company has no reason to believe that any of the conditions to the Concurrent Financing as contemplated by the Subscription Agreement will not be satisfied.
More Definitions of Concurrent Financing
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 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 non-brokered private placement to be completed by the Purchaser of post-consolidation Common Shares at a price of $0.25 per Common Share for aggregate gross proceeds of not less than $1,500,000. A commission of 7% in cash and 7% in finder 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 an equity financing undertaken by the Company that either:
(i) raises an amount of at least $98,400,000; or
(ii) is undertaken pursuant to a Material Transaction;
Concurrent Financing means the issuance of Ordinary Shares or ADSs on substantially the same terms (excluding the lack of certain conditions to Closing that Other Purchasers may be entitled to pursuant to the Other SPAs) 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 Share sold to Other Purchasers shall either (A) not be lower than the Per Share Purchase Price (or, for the sake of clarity, if the issuance is of ADS, rather than Ordinary Shares, a price per ADS that is not lower than the Per Share Purchase Price divided by 30 (which the parties agree means not lower than $9.55 per one ADS)) or (B) if it is lower than the Per Share Purchase Price (or, for the sake of clarity, if the issuance is of ADS, rather than Ordinary Shares, a price per ADS that is not lower than the Per Share Purchase Price divided by 30 (which the parties agree means not lower than $9.55 per one ADS) (such lower price per Share being referred to as the “Adjusted Per Share Purchase Price”), then the Per Share Purchase Price hereunder shall, for all intents and purposes be modified to be equal to the Adjusted Per Share Purchase Price and the Purchaser shall be issued at the Closing a number of Shares equal to the Subscription Amount (as converted into NIS pursuant to the $/NIS exchange ratio published by the Bank of Israel on the last Business Day immediately prior to Closing) divided by the Adjusted Per Share 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 Shares to which such Purchaser would have been entitled had the initial Per Share Purchase Price been the Adjusted Per Share 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.
Concurrent Financing means the equity financing to be conducted by Deploy, to raise aggregate gross proceeds of not less than US$4,000,000 through the issuance of Deploy Units (each Deploy Unit consisting of one post-Consolidation Deploy Share and one Deploy Warrant) at a price of CAD $0.66 per Deploy Unit;
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;