Common use of Adjustment to Number of Warrant Shares Upon Adjustment to Exercise Price Clause in Contracts

Adjustment to Number of Warrant Shares Upon Adjustment to Exercise Price. Upon any and each adjustment of the Exercise Price as provided in Section 2(b), the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to any such adjustment shall be increased to a number of Warrant Shares equal to the quotient obtained by dividing: (A) the product of (1) the Exercise Price in effect immediately prior to any such adjustment multiplied by (2) the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to any such adjustment; by (B) the Exercise Price resulting from such adjustment.

Appears in 3 contracts

Samples: Subscription Agreement (Tether Holdings LTD), Registration Rights Agreement (Bitdeer Technologies Group), Bitdeer Technologies Group

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Adjustment to Number of Warrant Shares Upon Adjustment to Exercise Price. Upon any and each adjustment of the Exercise Price as provided in Section 2(b12(c)(i), the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to any such adjustment shall be increased to a number of Warrant Shares equal to the quotient obtained by dividing: dividing (A1) the product of (1A) the Exercise Price in effect immediately prior to any such adjustment multiplied by (2B) the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to any such adjustment; by (B2) the Exercise Price resulting from such adjustment.

Appears in 2 contracts

Samples: Note and Put Agreement (United Cannabis Corp), Note and Put Agreement (United Cannabis Corp)

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Adjustment to Number of Warrant Shares Upon Adjustment to Exercise Price. Upon any and each adjustment of the Exercise Price as provided in Section 2(b4(a), the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to any such adjustment shall be increased to a number of Warrant Shares equal to the quotient obtained by dividing: (A) the product of (1A) the Exercise Price in effect immediately prior to any such adjustment multiplied by (2B) the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to any such adjustment; by (B) the Exercise Price resulting from such adjustment.

Appears in 1 contract

Samples: Series a Convertible Preferred Shares Purchase Agreement (1347 Property Insurance Holdings, Inc.)

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