Venture Capital Financing definition
Venture Capital Financing means the first transaction or series of transactions to occur after October 26, 2011 involving the issuance or sale of additional shares of capital stock, or securities directly or indirectly convertible or exchangeable for capital stock, of the Company that would result in at least $35,000,000 in aggregate gross proceeds to the Company, including by way of the conversion of any outstanding debt.
Venture Capital Financing as used herein shall refer to the sale by Acusphere of Venture Capital Shares in a private placement to one or more institutional investors resulting in aggregate gross proceeds to Acusphere of at least $5,000,000, excluding any securities issued in connection with an acquisition transaction. In the foregoing clauses (a) and (b) of this Section 3.4, the term Shares shall exclude any such Shares which constitute Venture Capital Shares and which are purchased by Alexandria pursuant to this clause (c).
Venture Capital Financing means any sale or issuance by Achaogen of its equity securities to investors for capital raising purposes with total cash proceeds received by Achaogen of not less than $[***] under this Agreement.
Examples of Venture Capital Financing in a sentence
If the Shares being offered by Acusphere are offered in connection with a Venture Capital Financing (as defined in paragraph (c) below), the Notice shall be delivered to the Remaining Investors simultaneously with the Alexandria Notice (as defined below) delivered to Alexandria.
In addition, in the event Employee has been unable to sell his principal residence by the time of the closing of the Venture Capital Financing, then the Company shall purchase the North Carolina Principal Residence from Employee at a mutually acceptable price, and or if the parties are unable to agree on a price within 30 days thereof, at a price determined by a qualified appraisal selected by the Company and reasonably acceptable to Employee.
More Definitions of Venture Capital Financing
Venture Capital Financing means shall mean the first transaction or series of transactions to occur after the date hereof involving the issuance or sale of Shares that would result in at least $35,000,000 in aggregate gross proceeds to the Company; provided, however, that the indicated amount representing the Venture Capital Financing shall be reduced dollar-for-dollar by the principal amount of the indebtedness incurred by the Company with respect to the Maryland Loan (in no event to exceed $2,000,000).
Venture Capital Financing means (i) ------------------------- the Company's sale of Securities to venture capital, institutional or private investors in which at least $3,000,000 in gross cash proceeds are received by the Company (including proceeds resulting from the conversion of the Note) and (ii) the terms and conditions of such sale of Securities being reasonably satisfactory to the Holder.
Venture Capital Financing means a sale of shares of the Company's Series B Preferred Stock to venture capital, corporate, institutional or private investors after the date of this Warrant (and not in connection with equipment financing transactions). This Warrant is subject to the following terms and conditions: