Qualified Financing definition

Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

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Qualified Financing means the next transaction or series of related transactions, other than an IPO, following the date of the Purchase Agreement in which the Company issues and sells Shares to investors, which may be existing stockholders of the Company, with gross proceeds to the Company of at least two million dollars (US$2,000,000), excluding the conversion of Notes.

Qualified Financing means the Company’s sale of its Common Stock in an initial public offering pursuant to a registration statement filed with and declared effective by the SEC and the listing of the Common Stock on a “national securities exchange” as defined in Section 6 of the Securities Exchange Act of 1934, as amended.

Examples of Qualified Financing in a sentence

If a Qualified Financing occurs on or prior to the Term Loan Maturity Date, then the Mandatory Conversion Obligations relating to the Bridge Loan Advance and Tranche 2 Advance shall automatically convert, without any further action by the Bridge Loan Lenders and Tranche 2 Lenders except as set forth herein, into fully paid and nonassessable shares of the Company Stock issued in such Qualified Financing at the Conversion Price.
The issuance of Company Stock pursuant to the conversion of the relevant Mandatory Conversion Obligations in respect of the Bridge Loan Advance and Tranche 2 Advance under this Section 2.12 shall be upon and subject to the same terms and conditions applicable to Company Stock sold in the Qualified Financing.
The issuance of Company Stock pursuant to the conversion of the relevant Optional Conversion Obligations relating to such Advance under this Section 2.12 shall be upon and subject to the same terms and conditions applicable to Company Stock sold in the Qualified Financing.

More Definitions of Qualified Financing

Qualified Financing means the transaction involving the issuance of shares of Series A-1 Stock pursuant to the terms of the Series A-1 Purchase Agreement.

Qualified Financing means the Company's next private financing of Applicable Securities to investors (i) yielding aggregate gross proceeds (exclusive of conversion of the Note) to the Company of at least $500,000 and (ii) which does not invoke or trigger the provisions of Section 4(b) of the Debentures or Section 6(c) of the Warrants (as such term is defined in the Securities Purchase Agreement.

Qualified Financing means that the Company issues and sells shares of its equity securities to investors on or before the Maturity Date in an equity financing with total gross proceeds to the Company of not less than $5,000,000 (excluding the conversion of the notes or other convertible securities issued for capital raising purposes).

Qualified Financing means the sale after the date hereof and prior to the Company’s initial public offering, of a series of convertible preferred stock of the Company to purchasers resulting in gross proceeds to the Company of not less than $10,000,000 (excluding any bridge debt financing except to the extent actually converted to equity in the Company).

Qualified Financing means a preferred stock financing of the Company after the Effective Date, with the principal purpose of raising capital, and having aggregate cash proceeds of at least $25,000,000, including the Outstanding Balance of the Notes and all accrued but unpaid and uncapitalized interest thereon.

Qualified Financing means one or more offerings of equity securities (whether common or preferred stock, options, warrants or notes convertible into common stock) issued for cash (or cash equivalents), the aggregate proceeds of which equals or exceeds the Qualified Offering Proceeds; provided that a Qualified Financing refers solely to the first offering (or offerings) in which the Company raises the Qualified Offering Proceeds.

Qualified Financing means a transaction or series of transactions in which a company receives gross proceeds of $2,000,000 through the sale of its securities or incurrence of any debt, with the principal purpose of raising capital.