Subsequent Equity Financing definition

Subsequent Equity Financing means the next round or rounds of equity financing, subsequent to the Effective Date, in which Borrower issues and sells shares of its capital stock (other than shares of capital stock sold in a transaction that would be exempt from the anti-dilution rights of the holders of Borrower’s preferred stock pursuant to clauses (i) through (viii) of Article V, Section 5.8 of Borrower’s certificate of incorporation, as currently in effect) for aggregate cash proceeds in excess of $10,000,000.

Subsequent Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which Company sells shares of capital stock (whether common or preferred) of Company or any warrants or other convertible securities of Company.

Subsequent Equity Financing means any sale by the Corporation of shares of Common Stock, Common Stock Equivalents or any combination of shares of Common Stock and Common Stock Equivalents, made after the Original Issue Date, but shall not include any sale or other issuance of:

Examples of Subsequent Equity Financing in a sentence

• The dollar amount (calculated as a ratio) used to determine the measurement amount for the exchange into a Subsequent Equity Financing shall be 1.2 times the entire Investment Amount described above.

• Payment of the Financing Purchase Price for the Subsequent Equity Financing Shares shall be made against delivery to UCB (or any of its designated UCB Subsidiaries) of the Subsequent Equity Financing Shares, which shares shall be certificated and delivered to UCB (or any of its designated UCB Subsidiaries) promptly following the closing of the Qualified Equity Financing, Triggering Financing or Third Financing, as applicable.

• Promptly following the First Effective Time, the Company shall deliver notices to the parties to the Subsequent Equity Financing, if any, to cause the release of funds from escrow to the Company.

• The Company acknowledges and agrees that if the Subsequent Equity Financing Closing does not occur by the Subsequent Equity Financing Deadline Date, it shall be an Event of Default (as defined in the Notes) under the Notes, notwithstanding the payment of the Subsequent Equity Financing Failure Payments.

• In addition, the Company shall not grant any registration rights in connection with the Subsequent Equity Financing, nor shall the Company register, or cause to be registered, with the SEC or any state securities commission any equity securities issuable in connection with the Subsequent Equity Financing.

More Definitions of Subsequent Equity Financing

Subsequent Equity Financing means an equity financing in which the Company realizes total cumulative proceeds equal to or in excess of $2,000,000 (Two Million Dollars) in one or more equity financing transactions. A “Liquidation Event” means any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, as well as (x) any merger, consolidation or conversion of the Company into or with another company (except one in which the holders of capital stock of the Company immediately prior to such merger or consolidation continue to hold at least a majority of the voting power of the capital stock of the surviving company), (y) any sale, license, lease or transfer of all or substantially all of the assets of the Company, or (z) any other transaction pursuant to or as a result of which a single person (or group of affiliated persons) acquires or holds capital stock of the Company representing a majority of the Company’s outstanding voting power.

Subsequent Equity Financing means the sale by Parent, prior to the Effective Time, of Down Round Stock.

Subsequent Equity Financing means purchase of equity securities of the Company by an investor on or prior to the Closing Date pursuant to any Subsequent Equity Subscription Agreement.

Subsequent Equity Financing has the meaning set forth in Section 4.6(b).

Subsequent Equity Financing shall have the meaning ascribed to such term in Section 4.20.

Subsequent Equity Financing has the meaning given to it in clause 10.4 Subsidiary has the meaning given to that term in the Corporations Act.

Subsequent Equity Financing means the issuance of Equity Securities in a transaction or series of related transactions resulting in aggregate gross proceeds to the Company of at least equal to the Minimum Equity Raise excluding conversion of any existing convertible instruments and conversion of any other indebtedness of the Company into any Equity Securities;