Re-IPO definition
Re-IPO means, at any time after the Effective Date, the sooner to occur of the following: (i) the closing and/or consummation of any transaction (or series of transactions) entered into or acquiesced in by any Corporate Obligors and/or any of their respective Affiliates, the effect of which directly causes or results (upon such closing and/or consummation or otherwise substantially contemporaneously therewith) in the initial listing or trading of any of Vystar’s common stock or other Equity Interests on any Primary Market, irrespective of whether any such transaction (or series of transactions) is planned or contemplated by Borrower, any other of the Obligors and/or any of the Obligors’ respective Affiliates on the Effective Date; or (ii) any Obligors’ or any of their Affiliates’ respective receipt of any letter or other communication from any Primary Market in which it is confirmed on behalf of the board of directors and/or other management authority of such Primary Market that it has authorized the listing of any of Vystar’s common stock or other Equity Interests on such Primary Market.
Re-IPO means the sale of the Company’s Common Stock for cash to the public in an underwritten public offering pursuant to the Registration Statement filed and declared effective under the Securities Act.