Qualified Trading Date definition
Qualified Trading Date means the first date subsequent to a public offering of the Common Stock which is not a Qualified IPO on which (i) the average closing price of the Common Stock for any thirty (30) consecutive trading days is equal to at least $2.68 per share (subject to adjustments for stock dividends, splits, reverse splits, combinations, recapitalizations and the like occurring after the date hereof) and (ii) the aggregate market value of all outstanding shares of Common Stock (including all shares of preferred stock on an as-converted basis) is at least $300,000,000.
Qualified Trading Date means the first date subsequent to a public offering of the Class A Common Stock which is not a Qualified IPO on which the closing price of the Class A Common Stock has equaled or exceeded $18.75 per share (subject to equitable adjustments for stock dividends, splits, reverse splits, combinations, recapitalizations and the like occurring after the date hereof) for thirty (30) consecutive trading days and the aggregate value of all of the outstanding Class A Common Stock (excluding therefrom the aggregate value of (a) any shares then owned by persons who are affiliates (as defined in Rule 405 under the Securities Act) of the Company and (b) any "restricted securities" (as defined in Rule 144 under the Securities Act) that cannot be sold pursuant to Rule 144(k) under the Securities Act on the last such trading day) equals or exceeds $100,000,000 (based on the closing price on the last such trading day).