Next Equity Financing

Next Equity Financing. The next sale (or series of related sales) by the Company of its Equity Securities following the date of this Agreement from which the Company receives gross proceeds of not less than Ten Million Dollars ($10,000,000) (excluding the aggregate amount of debt securities converted into Equity Securities upon conversion of the Notes pursuant to Section 2.2 below)

Next Equity Financing. The next sale (or series of related sales) by the Company of its Equity Securities following the date of this Agreement from which the Company receives gross proceeds of (i) not less than $6,000,000 (excluding the aggregate amount of debt securities converted into Equity Securities upon conversion of the Notes pursuant to Section 2.2 below), or (ii) at the election of a holder of a Note, any amount less than $6,000,000

Next Equity Financing. An initial public offering by the Company of its Equity Securities pursuant to which such Equity Securities are listed on a national securities exchange.

Next Equity Financing. Means the next sale (or series of related sales) by the Company of its Equity Securities following the date of this Agreement with the principal purpose of raising capital and from which the Company receives aggregate gross proceeds of not less than US$20 million (excluding, for the avoidance of doubt, the aggregate principal amount of the Notes). For the avoidance of doubt, the following shall not be deemed a "Next Equity Financing": (i) any securities issued under the 2024 EIP; (ii) any other... Notes issued by the Company and (iii) any convertible note financing in which the gross proceeds of the Company does not exceed Three Million Dollars ($3,000,000) (which threshold may be increased by the Requisite Noteholders). View More

Next Equity Financing. Shall mean the next sale (or series of related sales) by the Company of its Equity Securities following the date of this Agreement from which the Company receives gross proceeds of not less than US$3,000,000 and further to which the Company completes a Reverse Merger;

Next Equity Financing. Shall mean a single transaction or series of related transactions in which the Company sells shares of its Equity Securities for the principal purpose of raising capital which results in aggregate gross proceeds to the Company of at least $20,000,000 (including the value of the Notes converted in such transaction(s)).

Next Equity Financing. The next sale (or series of related sales) by the Company of its Equity Securities following the Exchange Date from which the Company receives gross proceeds of not less than $10,000,000 (excluding the aggregate amount of debt securities converted into Equity Securities upon conversion of the Exchange Notes pursuant to Section 2.3(b) below)

Next Equity Financing. The first equity financing following the date hereof involving the sale by the Company of its Preferred Stock in which the Company receives an aggregate of at least $2,000,000 in cumulative gross proceeds, including conversion of any outstanding indebtedness of the Company, including the Note.

Next Equity Financing. Shall mean the next sale (or series of related sales in one or more tranches) by the Company of its Equity Securities following the date of this Agreement and at any time during which any Notes are outstanding.

Next Equity Financing. The sale (or series of related sales) by the Borrower of Equity Securities in one or more bona fide offerings to third parties relying on Section 4(a)(2) of the Securities Act or Regulation D thereunder for exemption from the registration requirements of Section 5 of the Securities Act, which sale or series of related sales yields aggregate gross proceeds to the Borrower of not less than Ten Million Dollars ($10,000,000), excluding, for the avoidance of doubt, the Convertible Amount (except to... the extent such Convertible Amount is utilized in respect of the Lender's entitlement, if applicable, to participate in a Next Equity Financing pursuant to Section 6(b)(i) hereof) and any proceeds from the exercise of warrants issued by the Borrower to the Lender. View More