First Public Offering

First Public Offering. Means the first underwritten public offering of securities of the Company, after the date hereof, pursuant to an effective registration statement under the Securities Act resulting in gross proceeds of at least thirty-five million dollars ($35,000,000) to the Company and at a price per share that is at least equal to $6.00 (as adjusted for stock splits and the like), other than a registration statement relating either to the sale of securities to employees, directors or consultants of the... Company pursuant to a stock option, stock purchase or similar plan or a transaction under Rule 145 under the Securities Act. View More

First Public Offering. Means the closing of the first sale of stock to the public, through a firm commitment underwriting, for an aggregate price of at least five million dollars ($5,000,000), pursuant to an effective registration statement filed with the Securities and Exchange Commission under the 1933 Act;

First Public Offering. Shall have the meaning ascribed thereto in the Securityholders' Agreement.