Equity Round definition

Equity Round means any non-public offering of Capital Stock by the Issuer in a transaction or series of related transactions principally for financing purposes in which cash is received by the Issuer and/or debt of the Issuer is cancelled or converted in exchange for Capital Stock of the Issuer (excluding any conversions of the Notes).

Equity Round means any non-public offering of equity securities by the Company, after the Effective Date but prior to the consummation of an Initial Public Offering that results in the conversion of all preferred stock of the Company into Common Stock, in a transaction or series of related transactions principally for equity financing purposes in which the cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company; provided that Equity Round shall not include additional closings of the Company's Series B Preferred Stock round of financing.

Equity Round means any non-public offering of equity securities by the Company, after the Effective Date but prior to the consummation of an Initial Public Offering in a transaction or series of related transactions principally for equity financing purposes in which the cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company at an effective price per share that is lower than $2.40 per share as determined in good faith by the board of directors of the Company based on relevant facts, economics and circumstances at the time of the Next Round, after taking into consideration the rights, preferences and privileges of such equity securities, including without limitation, liquidation preferences, any options and/or warrants issued in connection with such offering, pay to play provisions, original issue prices, liquidation multiples, conversion rate, and anti-dilution protection available to such new securities (for the avoidance of doubt, the parties hereby acknowledge and agree that the seniority of such securities alone, shall not be deemed to cause such securities to have an effective price per share that is lower than $2.40 per share).

Examples of Equity Round in a sentence

• The underlying security will be considered when determining annual income from continuing operations, Publicly Held Shares, Market Value of Publicly Held Shares, Stockholders' Equity, Round Lot or Public Holders, operating history, Market Value of Listed Securities, and total assets and total revenue.

• For clarification purposes, the Holder's obligation to purchase the Allotted Amount in compliance with the Holder's notification in writing to Company as set forth hereinabove, shall in any event be subject to the Company entering and consummating the Next Equity Round within the time frame set forth in Section 5(b) hereunder.

• Subject to the terms and conditions of this Agreement and the closing of the Next Equity Round, during the Supplemental Equipment Draw Period, Bank shall make advances (each, a “Supplemental Equipment Advance” and, collectively, the “Supplemental Equipment Advances”) not exceeding the Supplemental Equipment Line.

• In the event the Company has not sold the equity securities, or has not entered into an agreement to sell the equity securities, within said ninety (90) day period, the Company shall not thereafter issue or sell any equity securities in a Next Equity Round without first offering such securities to the Holder in the manner provided above.

• As a result, the total Investment Amount will convert into units representing % of the Company Capitalization prior to Next Equity Round, and the Lead Investor’s Investment Amount will convert into units representing % of the Company Capitalization prior to Next Equity Round.

More Definitions of Equity Round

Equity Round is hereby added to Section 1 of the Warrant Agreement in its proper alphabetical order:

Equity Round means any non-public offering of equity securities by the Company, completed after the Effective Date but prior to the consummation of an Initial Public Offering, in a transaction or series of related transactions principally for equity raising purposes in which the cash proceeds are received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company. “Equity Round” shall include additional closings of the sale and issuance of any Series 4 Preferred Stock so long as the gross proceeds to the Company from such additional closings are at least $15 million in the aggregate.”

Equity Round means an equity financing by Purchaser, on terms acceptable to Purchaser, resulting in net proceeds to Purchaser of at least $20,000,000.

Equity Round shall have the meaning ascribed to it in the Note Instrument.

Equity Round means any non-public offering of equity securities by the Company, that closes between December 22, 2012 and March 22, 2014, in a transaction or series of related transactions principally for equity financing purposes in which the cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company.

Equity Round means any transaction or a series of related transactions in which Borrower shall issue and sell Equity Interests after the Closing Date, in a third party capital raising event, but excluding in all cases issuance of shares of Borrower’s common stock to employees or other services providers under any board and stockholder approved stock option plan.

Equity Round means any offering of equity securities by the Company, after the Effective Date, in a transaction or series of related transactions principally for equity financing purposes in which cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for equity securities of the Company, including, at the Warrant Holder’s election, any Initial Public Offering of the Company or of any direct or indirect parent entity of the Company; provided that an Equity Round shall not include additional closings of the Company’s Series A Preferred (as defined below) round of financing (including the issuance of shares of Series A Preferred upon the conversion of convertible promissory notes made by the Company in favor of existing shareholders of the Company).