Examples of Series C Financing in a sentence
Concurrent with the execution of this Agreement and the closing of the Series C Financing, Cox and MP3 shall make, as part of their Initial Capital Contribution commitment, a Capital Contribution in the aggregate amount of five million dollars ($5,000,000), funded pro rata by Cox and MP3, in proportion to their respective Percentage Interests.
GFI intends to undergo a Series C Financing during the calendar year 2001.
As of the completion of the Series C Financing, the capitalization of the Parent Company is as set forth on Schedule 3.4.1(b) attached hereto.
Subject to the approval of the Board, upon the closing of the Series C Financing, the Company will grant to you a one-time nonqualified stock option exercisable for the purchase of 375,465 shares of the Company’s common stock, par value $0.0001 per share (the “Option”), which, following the closing of the Series C Financing, is equal to 0.3% of the Company measured on a fully diluted basis.
BAXS shall make the BAXS Investment in cash and stock as part of the Series C Financing; provided, however, that such investment is required to be made by BAXS only if GFI closes the Series C Financing during the 2001 calendar year and GFI receives at least [**] in such Series C Financing (including the BAXS Investment and the investments of any affiliates of BAXS).
To the knowledge of NexVerse, except as contemplated in that certain Voting Agreement, dated November 27, 2001, by and among certain securityholders of NexVerse, and as will be required by the Series C Financing Documents upon the execution of such documents, no stockholder has entered into any agreement with respect to the voting of equity securities of NexVerse.
Concurrently with the initial closing of the Series C Financing, Manager shall invest Two Hundred Fifty Thousand Dollars ($250,000) in Series C Stock of the Parent Company.
In addition to and not in lieu of Section 4.1, effective upon the closing of the Company's Series C Preferred Stock Financing (the "Series C Financing"), the Company shall issue shares to Connetics of Series C Preferred Stock (the "Series C Preferred") in an amount equal to the quotient of one million dollars ($1,000,000) divided by the price per share of Series C Preferred paid by the purchasers of the Series C Preferred.
During 2007, in connection with the Series C Financing and Recapitalization described in Note 9, warrants for 865,982 Series B shares were exchanged for 379,324 shares of Series B-1 preferred stock and 2,815,313 shares of Series C preferred stock.
The Series C Preferred Stock to be issued upon any such conversion shall have the same rights, preferences and privileges as the shares of the Series C Preferred Stock issued in the Series C Financing.