QUALIFIED PUBLIC definition

QUALIFIED PUBLIC. OFFERING shall mean an underwritten public offering pursuant to an effective registration statement under the Securities Act covering the offer and sale of Common Stock for the account of the Company, on a firm commitment basis, yielding aggregate proceeds to the Company of $20,000,000 at a public offering price that is at least four times the then effective "Conversion Price" of the Preferred Stock (as set forth in the Certificate of Incorporation).
Sample 1
QUALIFIED PUBLIC. OFFERING shall mean an offering or offerings of Common Stock under one or more effective registration statements under the Securities Act such that, after giving effect thereto, (i) at least 20% of the outstanding Common Stock (on a fully diluted basis) has been sold pursuant to such offerings, and (ii) such offerings result in aggregate cash proceeds being received by Issuer and any selling Stockholders of at least $10,000,000 exclusive of underwriter's discounts and other expenses, as a result of which Common Stock is listed or admitted to trading on a national securities exchange or quoted by NASDAQ. RELEVANT MAJORITY HOLDERS shall have the meaning assigned to such term in the definition of Fair Market Value in this Section 1. RELEVANT NOTICE DATE shall have the meaning assigned to such term in the definition of Fair Market Value in this Section 1. RESTRICTED CERTIFICATE shall mean a certificate for shares of Warrant Stock or Warrants bearing or required to bear the restrictive legend set forth in Section 4.4.
Sample 1
QUALIFIED PUBLIC means a firm underwritten public offering of the Ordinary Shares of the Company in NASDAQ, Offering” NYSE, a recognised stock exchange in China or HK Stock Exchange, that has been registered under the United States Securities Act of 1933 or any other applicable laws, as amended from time to time, including any successor statutes, with an implied pre-offering valuation of the Company of at least US$2,000,000,000.
Sample 1

Examples of QUALIFIED PUBLIC in a sentence

  • A "QUALIFIED PUBLIC OFFERING" means an underwritten public offering of Common Stock registered under the Securities Act of 1933, as amended, in which the aggregate proceeds to the Corporation, net of underwriting discounts and commissions, equal or exceed $7,500,000.

  • On the date of consummation of the Qualified Public Offering (the "QUALIFIED PUBLIC OFFERING REDEMPTION DATE"), the Corporation shall make payment of the Qualified Public Offering Redemption Amount (as defined below) to or upon the order of the holders as specified by the holders in writing to the Corporation at least one (1) business day prior to the Qualified Public Offering Redemption Date.

  • The term "QUALIFIED PUBLIC OFFERING" shall mean the consummation of a sale in connection with an underwritten public offering by the Company under the Securities Act of Common Stock in which the aggregate gross proceeds to the Company equal or exceed $8,000,000 and the price per share is at least $2.00.

  • TERMINATION DATE - Section 8.2. QUALIFIED PUBLIC OFFERING - Section 7.2.

  • QUALIFIED PUBLIC OFFERING means a firm commitment underwritten registered public offering by the Company of Common Stock before December 31, 2003.

  • As used herein, a "QUALIFIED PUBLIC OFFERING" means a Public Offering with aggregate proceeds (net of any underwriting commissions) to the issuer and/or selling stockholders (as the case may be) of at least $50 million dollars ($50,000,000).

  • On the EFFECTIVE DATE, the XXXXXX TRUST shall ----------------- deposit with the Xxxx & Xxxxxxxx, A Professional Corporation ("ESCROW HOLDER") the certificates for all shares of the COMPANY which it owns and are not being sold pursuant to the QUALIFIED PUBLIC OFFERING (the "XXXXXX TRUST CERTIFICATES").

  • DESIGNATION, POWERS AND CONVERSION OF SHARES AFTER THE COMPLETION OF A QUALIFIED PUBLIC OFFERING 4B.

  • FIRST QUALIFIED PUBLIC OFFERING 27 ARTICLE VI DEFINITIONS AND ACCOUNTING TERMS 30 6.01.

  • A "QUALIFIED PUBLIC OFFERING" means an underwritten public offering of the Borrower's common stock or other equity securities registered under the Securities Act of 1993, as amended, in which the aggregate proceeds to the Borrower, prior to underwriting discounts and commissions, equal or exceed $15,000,000.

Related to QUALIFIED PUBLIC

  • Qualified Public Offering means the sale by the Company, in an ------------------------- underwritten public offering registered under the 1933 Act, of shares of the Company's Common Stock having an aggregate offering value of at least $10 million and where the per share price to the public multiplied by the number of shares of Common Stock issued under the Purchase Agreement and this and the other Executive Stock Agreements (adjusted for stock splits and other recapitalizations) is at least $30,000,000.

  • Certified public accountant means an individual who is either of the following:

  • Registered Public Accounting Firm has the meaning specified in the Securities Laws and shall be independent of the Borrower as prescribed by the Securities Laws.

  • Independent Certified Public Accountant means a person duly registered in good standing and entitled to practice as a certified public accountant under the laws of the place of his residence or principal office and who is in fact independent. In determining whether an accountant is independent with respect to a particular person, appropriate consideration should be given to all relationships between the accountant and that person or any affiliate thereof. Determination of an accountant’s independence shall not be confined to the relationships existing in connection with the filing of reports with the awarding authority.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • International Accounting Standards means International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, and future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB);

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • public accountant means a person who is registered or deemed to be registered under the Accountants Act (Cap. 2) as a public accountant;

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Operating Standards shall have the meaning given such term in Section 2.1.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • The public means one or more natural or legal persons, and, in accordance with national legislation or practice, their associations, organizations or groups;

  • Oversight Board means each entity established pursuant to Section 34179.

  • IASB means the International Accounting Standards Board;

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);

  • Independent Public Accountants means accountants or a firm of accountants that, with respect to the Company and any other obligor under the Securities or the Coupons, are independent public accountants within the meaning of the Securities Act of 1933, as amended, and the rules and regulations promulgated by the Commission thereunder, who may be the independent public accountants regularly retained by the Company or who may be other independent public accountants. Such accountants or firm shall be entitled to rely upon any Opinion of Counsel as to the interpretation of any legal matters relating to this Indenture or certificates required to be provided hereunder.

  • Accounting Standard means GAAP.

  • Independent Public Accountant means the firm of independent public accountants of nationally recognized standing selected by the Owner to perform an annual financial audit pursuant to the terms of this Agreement.