Qualified Financing

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.

Qualified Financing. Means an equity financing that results in not less than $25 million of gross proceeds to the Company at a price per share of Common Stock equal to or greater than $25.00 (as split adjusted).

Qualified Financing. The closing of the sale by the Company of its preferred stock (or, in connection with or following a Public Company Event, the sale by the Company or any successor of its common stock) in an equity financing transaction in one or more closings with gross proceeds of at least $75,000,000 (including the conversion of any indebtedness)

Qualified Financing. The next equity round of financing of the Company of Common Stock or Common Stock Equivalents in a transaction or series of transactions that raises in excess of $5,000,000 in gross proceeds (excluding securities convertible into the equity security sold in such offering).

Qualified Financing. A sale of capital stock by the Company to one or more investors after the Initial Issuance Date that generates gross proceeds to the Company of at least $20,000,000.

Qualified Financing. A transaction involving the issuance by the Company of new Ordinary Shares (including in the form of new ADSs) that would result in at least $50,000,000 in gross proceeds to the Company, the pricing of which occurs between the date of this Agreement and the Initial Closing