Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 13 contracts
Samples: Series a Preferred Stock Purchase Agreement (Gi Dynamics, Inc.), Exclusive License Agreement, Exclusive License Agreement
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A A-2 Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price of each series of Preferred Stock in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A A-2 Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price of each series of Preferred Stock in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 11 contracts
Samples: Contribution and Exchange Agreement (RiverRoad Capital Partners, LLC), Contribution and Exchange Agreement (Steinberg Michael), Contribution and Exchange Agreement (Sagrera Ricardo A.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection Section shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 7 contracts
Samples: Series a Preferred Stock Purchase Agreement (zSpace, Inc.), Preferred Stock Purchase Agreement (Ondas Holdings Inc.), Preferred Stock Purchase Agreement (Ondas Holdings Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 7 contracts
Samples: Series a Preferred Stock Purchase Agreement (Adamas One Corp.), Share Purchase Agreement (Saunders Acquisition Corp), Exchange Agreement (Franklin Electronic Publishers Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time time, or from time to time after the Series A Original Issue Date Issuance Date, effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series Series A Preferred Stock shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or or, from time to time after the Series A Original Issue Date Issuance Date, combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series Series A Preferred Stock shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection Section A.5.e shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 3 contracts
Samples: Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Id Systems Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A C Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A C Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A C Original Issue Date combine the outstanding shares of Common Stock, the Series A C Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Air Liquide Investissements d'Avenir Et De Demonstration), Securities Purchase Agreement (Plug Power Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Effective Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Effective Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 2 contracts
Samples: Share Exchange Agreement (Giga Tronics Inc), Share Exchange Agreement (Giga Tronics Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price applicable to a series of Preferred Stock in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price for such series of Preferred Stock in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Ovid Therapeutics Inc.), Series B 1 Preferred Stock Purchase Agreement (Ovid Therapeutics Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Effective Date effect a subdivision of the outstanding Common Stock, the Series A Class B Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Effective Date combine the outstanding shares of Common Stock, the Series A Class B Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 2 contracts
Samples: Share Exchange Agreement (DPW Holdings, Inc.), Share Exchange Agreement (Avalanche International, Corp.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Termination Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Termination Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 2 contracts
Samples: Consent Agreement (ExamWorks Group, Inc.), Consent Agreement to Loan and Security Agreement (ExamWorks Group, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A B Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A B Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A B Original Issue Date combine the outstanding shares of Common Stock, the Series A B Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 2 contracts
Samples: Certificate of Incorporation (Capstone Therapeutics Corp.), Stock Purchase Agreement (Planet Technologies, Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A 1 Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A 1 Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A 1 Original Issue Date combine the outstanding shares of Common Stock, the Series A 1 Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 2 contracts
Samples: Merger Agreement (Zynerba Pharmeceuticals, Inc.), Merger Agreement (Zynerba Pharmeceuticals, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation Company shall at any time or from time to time after the Series A date on which the first Class B Preferred Share is issued by the Company (the “Original Issue Date Date”) effect a subdivision of the outstanding Common StockShares, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of Common shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of Common shares of Common Stock outstanding. If the Corporation Company shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common StockShares, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock Shares issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of Common shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Securities Exchange Agreement
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A C Original Issue Date effect a subdivision of the outstanding Common Stock without a comparable subdivision of the Series C Preferred Stock or combine the outstanding shares of Series C Preferred Stock without a comparable combination of the Common Stock, the Series A C Conversion Price Price, in effect immediately before that subdivision or combination shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstandingdecreased. If the Corporation shall at any time or from time to time after the Series A C Original Issue Date combine the outstanding shares of Common Stock without a comparable combination of the Series C Preferred Stock or effect a subdivision of the outstanding shares of Series C Preferred Stock without a comparable subdivision of the Common Stock, the Series A C Conversion Price Price, as the case may be, in effect immediately before the combination or subdivision shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstandingincreased. Any adjustment under this subsection paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Series C Senior Convertible Preferred Stock Purchase Agreement (Orion Energy Systems, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A D Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A D Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A D Original Issue Date combine the outstanding shares of Common Stock, the Series A D Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Convertible Preferred Stock and Warrant Purchase Agreement (Idera Pharmaceuticals, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A E-1 Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A E-1 Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Business Combination Agreement (Pioneer Merger Corp.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date filing date of this Certificate (the “Effective Date”) effect a subdivision of the outstanding Common Stock, the Series A E Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Effective Date combine the outstanding shares of Common Stock, the Series A E Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Debt Exchange Agreement (Eastside Distilling, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation PRO shall at any time or from time to time after the Series A Original Issue Date date of this Amendment effect a subdivision of the its outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series a Quarterly Participation Payment shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation PRO shall at any time or from time to time after the Series A Original Issue Date date of this Amendment combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series a Quarterly Participation Payment shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Omnibus Amendment (Platinum Research Organization, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date filing date of this Certificate (the “Effective Date”) effect a subdivision of the outstanding Common Stock, the Series A D Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Effective Date combine the outstanding shares of Common Stock, the Series A D Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Debt Exchange Agreement (Eastside Distilling, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series Series C Preferred Stock shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series Series C Preferred Stock shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection Section 5.4 shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Securities Purchase Agreement (Tevogen Bio Holdings Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Issuance Date effect effects a subdivision of the outstanding Common Stock, the Series A Conversion Price Ratio then in effect immediately before that subdivision shall be proportionately decreased so increased (and the Series A Conversion Ratio that would apply after February 28, 2000, if the number of shares of Common Stock issuable on conversion of each share of such series Conversion Adjustment Condition is not satisfied, shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If proportionately increased), and conversely, if the Corporation shall at any time or from time to time after the Series A Original Issue Issuance Date combine combines the outstanding shares of Common StockStock into a smaller number of shares, the Series A Conversion Price Ratio then in effect immediately before the combination shall be proportionately increased so decreased (and the Series A Conversion Ratio that would apply after February 28, 2000, if the number of shares of Common Stock issuable on conversion of each share of such series Conversion Adjustment Condition is not satisfied, shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstandingproportionately decreased). Any adjustment under this subsection (f) shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Series a Cumulative Convertible Preferred Stock Purchase Agreement (Monsterdaata Com Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price Ratio in effect immediately before that subdivision shall be proportionately decreased adjusted so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price Ratio in effect immediately before the combination shall be proportionately increased adjusted so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Adjustment for Stock Splits and Combinations. If the Corporation Company shall at any time or from time to time after the Series A Original Issue Date date hereof effect a subdivision of the outstanding Class A Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Class A Common Stock issuable on conversion of each share of such series the Note shall be increased in proportion to such increase in the aggregate number of shares of Class A Common Stock outstanding. If the Corporation Company shall at any time or from time to time after the Series A Original Issue Date date hereof combine the outstanding shares of Class A Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Class A Common Stock issuable on conversion of each share of such series the Note shall be decreased in proportion to such decrease in the aggregate number of shares of Class A Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.;
Appears in 1 contract
Samples: Senior Secured Convertible Promissory Note Purchase Agreement (Kior Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.under
Appears in 1 contract
Samples: Backstop Securities Agreement (Rehabcare Group Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A D Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price applicable to a series of Preferred Stock that is in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A D Original Issue Date combine the outstanding shares of Common Stock, the Series A applicable Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection Subsection 7.E shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Facility Agreement (Kempharm, Inc)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A I Original Issue Date effect effects a subdivision of the outstanding Common Stock, the Series A I Conversion Price in effect immediately before that subdivision shall will be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall will be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A I Original Issue Date combine combines the outstanding shares of Common Stock, the Series A I Conversion Price in effect immediately before the combination shall will be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall will be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall Section will become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A C-2 Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A C-2 Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A C-2 Original Issue Date combine the outstanding shares of Common Stock, the Series A C-2 Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Series C Preferred Stock and Warrant Purchase Agreement (VirtualScopics, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date filing date of this Certificate (the “Effective Date”) effect a subdivision of the outstanding Common Stock, the Series A C Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Effective Date combine the outstanding shares of Common Stock, the Series A C Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Debt Satisfaction Agreement (Eastside Distilling, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A C-1 Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A C-1 Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A C-1 Original Issue Date combine the outstanding shares of Common Stock, the Series A C-1 Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Series C Preferred Stock and Warrant Purchase Agreement (VirtualScopics, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation Company shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of any of the outstanding Common Stock or combine the outstanding shares of Series A Preferred Stock, the Series A Conversion Price in effect immediately before that subdivision or combination shall be proportionately decreased so that and the number of shares of Common Stock issuable on conversion of each share of such series Conversion Shares shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstandingproportionately increased. If the Corporation Company shall at any time or from time to time after the Series A Original Issue Date combine any of the outstanding shares of Common Stock or effect a subdivision of the outstanding shares of Series A Preferred Stock, the Series A Conversion Price in effect immediately before the combination or subdivision shall be proportionately increased so that and the number of shares of Common Stock issuable on conversion of each share of such series Conversion Shares shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstandingproportionately decreased. Any adjustment under this subsection paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Stock Purchase Agreement (Standard Diversified Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A applicable Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A applicable Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection Section shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Series B Preferred Stock Purchase Agreement (Energy Exploration Technologies, Inc.)
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A Original Issue Date Effective Time effect a subdivision of the outstanding Common Stock, the Series A Conversion Price of each series of Preferred Stock in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A Original Issue Date Effective Time combine the outstanding shares of Common Stock, the Series A Conversion Price of each series of Preferred Stock in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Series C 1 Preferred Stock and Warrant Purchase Agreement (Glori Acquisition Corp.)
Adjustment for Stock Splits and Combinations. If the Corporation GFN shall at any time or from time to time after the Series A Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation GFN shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Samples: Securities Purchase Agreement (General Finance CORP)
Adjustment for Stock Splits and Combinations. If the Corporation Company shall at any time or from time to time after the Series A Nonvoting Original Issue Date effect a subdivision of the outstanding Common Stock, the Series A Conversion Nonvoting Exchange Price in effect immediately before that such subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion upon exchange of each share of such series Nonvoting Stock shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation Company shall at any time or from time to time after the Series A Nonvoting Original Issue Date combine the outstanding shares of Common Stock, the Series A Conversion Nonvoting Exchange Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion upon exchange of each share of such series Nonvoting Stock shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection Section 2.5 shall become effective at the close of business on the date the subdivision or combination becomes effective.
Appears in 1 contract
Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Series A B Original Issue Date effect a subdivision or stock split of the outstanding Common Stock, the Series A B Conversion Price in effect immediately before that subdivision or stock split shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Series A B Original Issue Date combine the outstanding shares of Common Stock, the Series A B Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
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