Next Round

Next Round. Means the next bona fide sale of equity securities (including debt securities convertible into equity securities) by Athersys after September 30, 2006 resulting in aggregate gross proceeds of at least $10,000,000.00 from one or more financial (as opposed to strategic) investors in a single transaction or a series of related transactions. The receipt by Athersys after September 30, 2006 of gross proceeds from the issuance of bridge notes convertible into such equity securities shall be counted... toward the foregoing dollar amount. View More