Next Round means the next Equity Round in which the Company issues and sells shares of its preferred stock and any options, warrants, rights or other securities that are exercisable, convertible or exchangeable into, or otherwise provide the right to purchase or acquire shares of such preferred stock.
Next Round means the Company’s next sale of its convertible preferred stock (other than Series B Preferred Stock) to purchasers which include venture capital investors.
Next Round means the first equity financing, or extension of an existing round of equity financing, occurring after the Closing Date, in which You issue preferred stock for aggregate gross cash proceeds of at least Five Million Dollars ($5,000,000) (with aggregate proceeds to include the amounts that the investors in such financing have committed to invest, in accordance with the terms of the financing documents after the initial closing under such documents and to exclude any amounts receivable upon, or attributable to, conversion or cancellation of indebtedness), whether in a single or multiple closings.
Examples of Next Round in a sentence
Rules for Breaking Ties to Determine the Top X Teams Advancing to the Next Round of the Elimination Tournament• Middle school teams: In case of a tie, the first tie-breaker will be the combined score on questions 11 – 15.
More Definitions of Next Round
Next Round means (i) the next bona fide round of equity financing in which You issue and sell shares of your preferred stock for aggregate gross cash proceeds of at least $5,000,000 (excluding any amounts received upon conversion or cancellation of indebtedness), (ii) Your initial public offering or (iii) the consummation of a Merger Event in which You are not the surviving entity, whichever is to occur first, subsequent to the Effective Date.
Next Round means the next transaction after the Closing Date, other than an IPO, in which the Company issues and sells a class or series of preferred stock in connection with a bona fide round of equity financing resulting in net aggregate proceeds to Company of at least $2,000,000.
Next Round means the first subsequent Equity Round following the date of this Agreement in which the Company issues and sells shares of its preferred stock for aggregate gross cash proceeds of at least $5,000,000.
Next Round means the first sale in a venture capital financing by Borrower of its equity or convertible debt securities (post Series B) that closes after the Amendment Date in which Borrower receives gross proceeds of at least $5,000,000.
Next Round shall be defined as (i) preferred stock financing of at least $2,000,000, (ii) the sale, conveyance disposal, or encumbrance of all or substantially all of the Company's property or business or Company's merger into or consolidation with any other corporation (other than a wholly-owned subsidiary corporation) or any other transaction or series of related transactions in which more than fifty percent (50%) of the voting power of Company is disposed of ("Merger Event"), provided that a Merger Event shall not apply to a merger effected exclusively for the purpose of changing the domicile of the company or (iii) an initial public offering of the Company's Common Stock which such public offering has been declared effective by the SEC. The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.