Qualified Financing

Qualified Financing. The first equity financing transaction or series of related transactions for which the closing thereof occurs following the date hereof and prior to the Maturity Date and pursuant to which the 797 Subsidiary sells shares of its preferred stock to one or more bona fide institutional investors other than the Holder or any of its affiliates and with immediately available gross proceeds to the 797 Subsidiary (excluding proceeds from this Note and any other indebtedness of the Maker or the 797... Subsidiary that convert into equity in connection with such issuance) of at least $10,000,000. In the event that the Qualified Financing is in the form of a series of related transactions, the Qualified Financing shall be deemed "consummated" or "closed" at the time the 797 Subsidiary has received an aggregate amount of immediately available gross proceeds of $10,000,000 from all such related financing transactions. This Note shall not be construed as creating any obligation on the part of the Maker to consummate a Qualified Financing. View More

Qualified Financing. Prior to the Company's IPO, any sales of Securities of the Company to purchasers in any financing after the Date of Grant for the principal purpose of raising capital in an aggregate gross cash proceeds amount not less than $20,000,000 in one transaction or a series of related transactions. For the sake of clarity, the Company's IPO shall not constitute a Qualified Financing.

Qualified Financing. The next sale (or series of related sales) by the Company of Common Stock following the date of this Note resulting in aggregate gross cash proceeds to the Company of at least $7,000,000 (before commissions or other expenses and excluding the value of the Notes that convert at the time of the Qualified Financing)

Qualified Financing. The next equity or equity-linked round of financing of the Company in whatever form or type that raises in one or more tranches aggregate gross proceeds of no less than US$2,000,000

Qualified Financing. A Financing: (a) that (i) results in the Company's receipt of gross cash proceeds of at least $10,000,000, excluding the conversion of any indebtedness (including any indebtedness evidenced by the Notes) and (ii) is accomplished in one or more closings as part of a single plan of financing based upon a single set of stock purchase agreements and ancillary documentation; or (b) as otherwise approved by the Majority Holders. If the Qualified Equity Securities are sold at more than one closing,... such Qualified Financing shall be deemed to be consummated on the date of the earliest closing at which the gross cash proceeds received by the Company, together with the gross cash proceeds received by the Company at any prior closings, equal or exceed $10,000,000, or on such earlier date as determined by the Majority Holders View More

Qualified Financing. Any sale of the Company's common or preferred stock within one (1) year after the Issue Date in a single transaction to one or more third party equity investors for corporate financing purposes resulting in net proceeds to the Company of at least one million dollars ($1,000,000.00). A Qualified Financing is not any stock dividend, recapitalization, stock split, shares or options to purchase securities issued to employees, consultants or directors as approved by the Board of Directors,... securities issued for consideration other than cash pursuant to a merger, consolidation, acquisition, or similar business combination approved by the Board of Directors, securities issued pursuant to any equipment loan or leasing arrangement, real property leasing arrangement or debt financing from a bank or similar financial institution approved by the Board of Directors from time to time. View More

Qualified 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 Five Million Dollars ($5,000,000) (excluding, for the avoidance of doubt, the aggregate principal amount of the Notes).

Qualified Financing. The Company's Form 1-A Tier II Offering under Regulation A of the Securities Act (originally filed with the Securities and Exchange Commission on April 23, 2021), pursuant to which the Company is seeking to raise up to $10,000,000 of its Series A Preferred Stock.

Qualified Financing. The closing of an equity financing undertaken by the Company after the date hereof and before the Maturity Date, principally for capital raising purposes, in which the aggregate amount of gross proceeds (not including cancellation of the indebtedness represented by all Bridge Notes and other Convertible Securities that will convert into shares of Qualified Securities or Shadow Preferred, as the case may be, in connection with such Conversion) received by the Company from the sale of any series... of its equity securities totals at least $2,000,000 in the aggregate View More

Qualified Financing. The next equity round of financing of the Company in whatever form or type that raises $2,000,000 or more of gross proceeds.