First Equity Financing definition

First Equity Financing means a sale or series thereof, subsequent to the date of this Note, by the Company of equity securities in which the Company receives aggregate cash proceeds of at least $5,000,000 (not including conversion of the this Note) as result of investments made by one or more bona fide third party institutional or strategic investors in exchange for the sale of shares of capital stock of the Company.
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First Equity Financing means the raising of an aggregate gross amount in cash of at least […***…] in equity by the Company, provided the raising of equity as a result of an exercise or conversion of the following Equity Securities shall not qualify as or count towards a First Equity Financing: (i) the Warrants, (ii) Subscription Rights, (iii) the RSUs, or (iv) any other share based incentive plan of the Company from time to time for one or more members of the personnel of the Company or its Subsidiaries (as defined by Article 1:27 of the Belgian Companies and Associations Code), in each case of (i) to (iv) as adjusted as contemplated by this Agreement in connection with or pursuant to the Separation. Private and Confidential Execution copy
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First Equity Financing means the raising of an aggregate gross amount in cash of at least […***…] in equity by the Company, provided the raising of equity as a result of an exercise or conversion of the following Equity Securities shall not qualify as or count towards a First Equity Financing: (i) the Warrants, (ii) Subscription Rights, (iii) the RSUs, or (iv) any other share based incentive plan of the Company from time to time for one or more members of the personnel of the Company or its Subsidiaries (as defined by Article 1:27 of the Belgian Companies and Associations Code), in each case of (i) to (iv) as adjusted as contemplated by this Agreement in connection with or pursuant to the Separation.
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Examples of First Equity Financing in a sentence

  • The Major Investor shall have a right to convert, in its sole discretion, any Crowd Safes then held by the Major Investor upon the closing of the First Equity Financing into a number of shares of the CF Shadow Series of Capital Stock in accordance with Section 1(a).

  • In such event, the “Exercise Price” per share shall be equal to the First Equity Financing Price, subject to adjustment as provided for herein.

  • Each Major Investor shall have a right to convert, in its sole discretion, any Crowd Safes then held by such Major Investor upon the closing of the First Equity Financing into a number of shares of the CF Shadow Series of Capital Stock in accordance with Section 1(a).

  • The number of shares of the CF Shadow Series of such Preferred Stock shall equal the quotient obtained by dividing (x) the SAFE Amount by (y) the First Equity Financing Price.

  • The Company shall grant the Employee additional options, in such number that with the Initial Grant shall equal 5% of the Company’s share capital on a fully diluted basis after the closing of a funding of up to of $ 10,000,000 (ten million US dollars) including FutuRx Investment Amount, Supplemental Financing Amount and First Equity Financing (the “Second Grant”), and the options granted included in the Initial Grant and the Second Grant shall be referred to as the “Options”).

  • If an Equity Financing occurs before this instrument terminates in accordance with Sections 1(b)-(d) (“First Equity Financing”), the Company shall notify the Investor of the closing of the First Equity Financing and of the Company’s discretionary decision to either (1) continue the term of this instrument without converting the Purchase Amount to Series CF Preferred Stock; or (2) issue to the Investor a number of shares of Series CF Preferred Stock.

  • The number of shares that will be issued will represent five percent (5%) of BUYER's outstanding capital stock after the consummation of the First Equity Financing, assuming that (i) any shares of convertible preferred stock or warrants have been converted into or exercised for, as applicable, common stock at the then-applicable conversion or exercise rate and (ii) only $5,000,000 of shares were issued at the sale price in the First Equity Financing (regardless of the number of shares actually issued).

  • In the event the Investor, together with its affiliates, purchases this instrument and any similar instruments with an aggregate Purchase Amount equal to or exceeding $50,000 (a “Major Investor”), the Company shall provide the Investor with written notice at least ten (10) business days prior to the First Equity Financing, which notice shall include the price and terms thereof.

  • The stock option grant will be made subject to the same conditions described above for the stock grant and will be made pursuant to BUYER's standard form of stock option agreement satisfactory to BUYER, will have an exercise price equal to the per share price in the First Equity Financing, and will have such vesting and other provisions that are no less favorable than the options granted to BUYER's senior officers.

  • The number of shares of the CF Shadow Series of such Capital Stock shall equal the quotient obtained by dividing (x) the Purchase Amount by (y) the First Equity Financing Price (as defined below).


More Definitions of First Equity Financing

First Equity Financing means the first offering of equity securities of the Issuer with aggregate proceeds (net of any underwriters' discounts or commission and expenses related to the financing) of at least ten times the aggregate U.S. dollar amount which would be payable by the Issuer for the Company Shares held in a PEA in accordance with all of the Put/Call Agreements entered into by the Issuer in accordance with this Section 1.09 completed by the Issuer after the Closing, but excluding any issuance of equity securities of the Issuer in a strategic partnering, licensing, merger or acquisition transaction.
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