Next Equity Financing definition
Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).
Next Equity Financing means the first sale or issuance by the Company on or after the Issue Date of this Warrant set forth above, in a single transaction or series of related transactions, of shares of its convertible preferred stock or other senior equity securities to one or more investors for cash for financing purposes; (ii) “Next Equity Financing Securities” means the type, class and series of convertible preferred stock or other senior equity security sold or issued by the Company in the Next Equity Financing; and (iii) “Next Equity Financing Price” means the lowest price per share for which Next Equity Financing Securities are sold or issued by the Company in the Next Equity Financing.
Next Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities following the date of issuance of this Note, in one or more offerings relying on Section 4(a)(2) of the Securities Act or Regulation D thereunder for exemption from the registration requirements of Section 5 of the Securities Act, from which the Company receives gross proceeds of not less than US $1,000,000.00 (excluding, for the avoidance of doubt, the aggregate principal amount of the Crowdfunding Notes).
Examples of Next Equity Financing in a sentence
The principal and accrued interest shall be due and payable by the Company on demand by the Lender at any time after the earlier of: (i) the Maturity Date and (ii) the closing of the Next Equity Financing.
Except for the authorization and issuance of the shares issuable in connection with the Next Equity Financing, all corporate action has been taken on the part of the Company, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Agreement and the Notes.
In the event of a Corporate Transaction or Initial Public Offering prior to (i) full payment of a Note, (ii) the Maturity Date of a Note or (iii) the Next Equity Financing, then each Investor will be entitled, at each such Investor’s election which shall be made upon ten business days’ advance notice, to repayment in full of principal and interest accrued on such note.
More Definitions of Next Equity Financing
Next Equity Financing means the next sale (in one or more closings) after the date hereof by the Company or any Successor Entity of its capital stock whereby the issuer commits to register the capital stock offered for sale in such financing by filing a registration statement in compliance with the Securities Act of 1933, as amended, and from which the Company or any Successor Entity receives gross proceeds of at least $1,750,000 (excluding any convertible promissory notes which are converted into such capital stock).
Next Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells equity securities in a single transaction, or series of related transactions with aggregate Proceeds to the Company of at least $250,000, excluding Proceeds from the issuance of any simple agreements for future equity (including the Safes) and any convertible debt.
Next Equity Financing means the next sale by the Company of its Equity Securities following the date of issuance of this SAFE that is supported by the Company’s Secured Lender. The Company intends its Next Equity Financing to be a public rights offering to its stockholders. Rights granted, as currently proposed, will provide stockholders of record with the opportunity to purchase shares of common stock of the Company. The final terms of the rights offering will be determined upon consultation with the Company’s financial advisors.
Next Equity Financing means the next private or public offering by Maker of its Equity Securities following the date of issuance of this Note yielding proceeds to the Maker of at least US$5,000,000.00 (after commissions, underwriters’ discounts and/or expenses).
Next Equity Financing means the next transaction or series of related transactions following the date of this Agreement pursuant to which the Company issues and sells its equity securities and raises aggregate gross proceeds to the Company of at least $1,500,000 (excluding any principal and unpaid accrued interest on the Notes that convert into the Equity Securities issued in the Next Equity Financing).
Next Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities following the date of issuance of this Note with the principal purpose of raising capital and from which the Company receives aggregate gross proceeds of not less than US $2,000,000 (excluding, the avoidance of doubt, the aggregate principal amount of this Note).
Next Equity Financing means any equity capital raising transaction following the Effective Date pursuant to which the Company issues shares to one or more investors (which may not include the existing Shareholders) with at least EUR 100 000 of gross proceeds to the Company;