Qualified Equity Financing definition

Qualified Equity Financing means the first 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).

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Qualified 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 at a fixed valuation, including but not limited to, a pre-money or post- money valuation, for aggregate proceeds of at least $500,000.

Qualified Equity Financing means any offer, sale and issuance, in a bona fide equity financing transaction, of capital stock (including Common Stock or Preferred Stock) of the Company whether now authorized or not, or rights, convertible securities, options or warrants to purchase such capital stock, and securities of any type whatsoever that are, or may become, exercisable or convertible into capital stock, in which the price per share of the securities offered in the financing (calculated based on the effective price per share of the Common Stock issuable upon conversion or exercise of any securities other than Common Stock) is at least three (3) times the Purchase Price.

Examples of Qualified Equity Financing in a sentence

• In connection with the issuance of Safe Shares by the Company to the Investor pursuant to this Section 1(b) and 1(c), the Investor will execute and deliver to the Company all applicable transaction documents related to the Qualified Equity Financing, or in the Trigger Round (as applicable); provided, that such documents are materially the same documents to be entered into with the purchasers of Standard Shares, with appropriate variations for the Safe Shares if applicable.

• If there is a Qualified Equity Financing before the expiration or termination of this instrument, but not earlier than the lapse of the fifteen (15) months following the date hereof, the Company will automatically issue to the Investor a number of Safe Shares equal to the Purchase Amount divided by the Conversion Price.

• If there has been no Qualified Equity Financing, a Liquidity Event or a Dissolution by the lapse of the eighteen (18) months following the date hereof, the Company will automatically issue to the Investor a number of Safe Shares equal to the Purchase Amount divided by the Conversion Price derived in respect of a Trigger Round.

More Definitions of Qualified Equity Financing

Qualified Equity Financing means an Equity Financing with at least $10,000,000 of aggregate proceeds resulting therefrom (excluding, for the avoidance of doubt, the conversion of the Note in connection therewith).

Qualified Equity Financing means an equity financing pursuant to which the Company sells, with the principal purpose of raising capital, a new class of preferred stock (the “Preferred Securities”) with an aggregate sales price of not less than $3,000,000, including the principal and accrued but unpaid interest of any Notes which are converted into such Preferred Securities.

Qualified Equity Financing means, with respect to the Borrower, any Equity Issuance of Qualified Equity Interests including one or more sales for cash, in each case, of Qualified Equity Interests.

Qualified Equity Financing means the offer and sale for cash by Borrower of any of its equity securities with the principal purpose of raising capital that (i) results in aggregate gross proceeds to Borrower of at least $5,000,000 (excluding any portion of the Principal Amount of any of the Notes that shall be converted into Borrower equity securities pursuant to Section 6 of this Note, or any other convertible debt issued by the Company that are exchanged for equity securities of the Company in such financing); and (ii) is priced at a minimum per share price of $0.27.

Qualified Equity Financing means the Company’s sale of equity securities in one transaction or a series of related transactions to venture capital, institutional or private investors in which at least Twenty Million and No/100 Dollars ($20,000,000.00) in gross cash proceeds is received by the Company (excluding conversion of Notes issued pursuant to the Purchase Agreement).

Qualified Equity Financing means at least a Minimum Raise Amount from investors investing new money in the Company in connection with the initial closing of the Equity Financing occurring prior to the expiration of the Uncapped Period.

Qualified Equity Financing means an equity financing after the date hereof which results in aggregate gross proceeds to the Company of at least Ten Million Dollars ($10,000,000), excluding the conversion of the Notes, and in which investors purchase shares of a newly authorized series of the Company’s Preferred Stock and in which the Notes are converted into Shares.