Qualified IPO

Qualified IPO. Shall have the meaning set forth in the Securities Purchase Agreement.

Qualified IPO. (i) the receipt of the Company of gross cash proceeds of at least $5,000,000 from the closing of a firmly underwritten public offering of the Common Stock or (ii) the declaration of effectiveness of the Registration Statement by the Commission

Qualified IPO. Means the closing of a firm commitment, underwritten, public offering, managed by an internationally-recognized investment bank as lead underwriter or bookrunner, in which the Company receives net proceeds of at least $50,000,000. For the avoidance of doubt, there will be no obligation to pay any dividend preference to the Holder with the proceeds of any Qualified IPO or Non-Qualified IPO.

Qualified IPO. Has the meaning assigned to the term "Qualified Public Offering" in the Certificate of Incorporation.

Qualified IPO. A firm commitment underwritten public offering by the Company of shares of its Common Stock, the public offering price per share of which is not less than $5.00 per share (subject to appropriate adjustment for stock splits, stock dividends, combinations, and other recapitalizations), and which results in aggregate cash proceeds to the Company of not less than $75 million (net of underwriting discounts and commissions).

Qualified IPO. Means the consummation of a firm commitment underwritten public offering of Common Stock pursuant to the Securities Act on Form S-1 with aggregate proceeds to the Company not less than $40,000,000 (net of the underwriting discount and commissions) and having a purchase price of not less than $1.84 per share (as adjusted for stock splits, dividends, recapitalizations and the like after the date hereof).

Qualified IPO. The firm commitment underwritten public offering by the Company of shares of its Common Stock pursuant to a registration statement on Form S-1 (or any successor form) under the Securities Act, the public offering price of which is not less than $5.00 per share (appropriately adjusted for any stock split, dividend, combination, recapitalization or similar event) and which results in aggregate cash proceeds to the Company of at least $40,000,000 (before payment of underwriter's discounts and... commissions) View More

Qualified IPO. Shall have the meaning set forth in the Company's Amended and Restated Certificate of Incorporation, as in effect as of the date hereof.

Qualified IPO. Means the sale of shares of Common Stock to the public in a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act, resulting in at least $50,000,000 of gross proceeds to the Company (before deduction of underwriters commissions and expenses).

Qualified IPO. The closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act covering the offer and sale of Common Stock for the account of the Company to the public in which the public offering price exceeds (prior to underwriter discounts or commissions and offering expenses) $2.88 per share (adjusted for any subsequent stock splits, stock dividends, reclassifications or recapitalizations) and the aggregate gross proceeds raised by the... Company equal or exceed $35,000,000. View More