Qualified Offering definition
Qualified Offering means an offering of Common Stock (and other securities potentially) resulting in the listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange (or any successors to any of the foregoing).
Qualified Offering in Section 1.1 of the Securities Purchase Agreements is deleted and replaced with the following:
Qualified Offering means the first occurrence of an offering of the Company’s Common Stock which closes in one or more closings in connection with which the Company receives not less than $5,000,000 of gross cash proceeds from the sale of Common Stock on or before August 31, 2015 by Palladium Capital Advisors, LLC pursuant to the terms of an investment banking agreement between the Company and Palladium Capital Advisors, LLC, and thereafter by the Company or other placement agent until the Maturity Date (as defined in the Note) accelerated or otherwise.”
Examples of Qualified Offering in a sentence
In addition to the rights provided in Section 4.11(b) above, upon the registration of the issuance of securities in a Qualified Offering, the Company, upon written request of the Purchaser, shall include in such registration statement the resale of the Warrant Shares, upon the same terms as the securities issued in the Qualified Offering.
More Definitions of Qualified Offering
Qualified Offering means an offering of equity or debt securities for gross proceeds to the Company of not less than $5.0 million.
Qualified Offering means (a) any registered offering of Common Stock and/or Common Stock Equivalents that occurs after the Original Issue Date or (b) any financing (registered or private placement) (or series of financings) of Common Stock and/or Common Stock Equivalents with gross proceeds of, in the aggregate following the Original Issue Date, $4,000,000 or more that occurs after the Original Issue Date. As used herein, the term “Trigger Date” means the date the Company consummates a Qualified Offering.
Qualified Offering means an offering of the Company’s securities, in one or a series of financings, in which the Company receives gross proceeds of at least $7,000,000.
Qualified Offering means an (i) equity or equity-linked financing by the Borrower or any of its subsidiaries in which shares of common stock, or securities, directly or indirectly, convertible into or exchangeable or exercisable for shares of common stock are issued or (ii) debt financing (not otherwise covered in clause (i), ion either case which financing results in cumulative aggregate proceeds to the Borrower of at least $8,000,000.
Qualified Offering means the occurrence of an offering of the Company’s Common Stock which closes in one or more closings in connection with which the Company receives not less than $5,000,000 of gross cash proceeds from the sale of Common Stock on or before November 30, 2016 at a pre-money valuation on a fully diluted basis of at least $20,000,000.”
Qualified Offering means a firm commitment underwritten public offering of shares of the Company's Common Stock in which (i) the aggregate net proceeds to the Company are at least $60 million and (ii) the price paid by the public for such shares is at least $.50 per share (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization affecting such shares).
Qualified Offering means an offering pursuant to an effective registration statement in which Registrable Securities are sold (i) to an underwriter on a firm commitment basis for reoffering and resale to the public, (ii) in an offering that is a “bought deal” with one or more investment banks or (iii) in a block trade with a broker-dealer, but in each case shall not include any at-the-market offering programs of the Company.