Firm Commitment Offering definition
Firm Commitment Offering means an offering of securities by participants in a selling syndicate under an agreement that imposes a financial commitment on participants in such syndicate to purchase such securities.
Firm Commitment Offering means the issuance of shares of Common Stock pursuant to a bona fide firm commitment underwritten public offering with a nationally recognized underwriter that generates gross proceeds to the Company in excess of $12,000,000 (but expressly excluding “at-the-market offerings” (as defined in Rule 415(a)(4) under the Securities Act), “equity lines of credit” and “confidentially marketed public offerings”).
Examples of Firm Commitment Offering in a sentence
Such funds shall remain in said account until the Firm Commitment Offering has been sold and shall then be disbursed to the Company in accordance with the terms of this Section 2.