Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).
Appears in 8 contracts
Samples: Quantum Corp /De/, Quantum Corp /De/, Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day trading day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day trading day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day trading day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).
Appears in 5 contracts
Samples: Quantum Corp /De/, Quantum Corp /De/, Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. *If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Holder shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Holder in the London interbank market (or a replacement interbank market reasonably determined by the Holder in consultation with the Company). EXHIBIT B All Related Warrants Warrant to Purchase Common Stock dated June 16, 2020 – BTC Holdings SC Fund, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Credit Opportunities Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2023 – OC III LVS XL Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated May 24, 2024 – OC III LVS XL Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated July 10, 2024 – OC III LVS XL Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – BTC Holdings SC Fund LLC
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. * If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Holder shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Holder in the London interbank market (or a replacement interbank market reasonably determined by the Holder in consultation with the Company). EXHIBIT B All Related Warrants Warrant to Purchase Common Stock dated December 27, 2018 – BTC Holdings Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Holdings SC Fund, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Credit Opportunities Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2023 – OC III LVS XL, LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated May 24, 2024 – OC III LVS XL, LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated July 10, 2024 – OC III LVS XL, LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – BTC Holdings SC Fund LLC
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. * If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Holder shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Holder in the London interbank market (or a replacement interbank market reasonably determined by the Holder in consultation with the Company. EXHIBIT B All Related Warrants Warrant to Purchase Common Stock dated December 27, 2018 – BTC Holdings Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Holdings SC Fund, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Credit Opportunities Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2023 – OC III LVS XL LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated July 10, 2024 – OC III LVS XL LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – BTC Holdings SC Fund LLC
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date Remaining Term on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day trading day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Volatility If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day trading day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day trading day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. * If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Holder shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Holder in the London interbank market (or a replacement interbank market reasonably determined by the Holder in consultation with the Company. Exhibit B
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. * If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Holder shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Holder in the London interbank market (or a replacement interbank market reasonably determined by the Holder in consultation with the Company). EXHIBIT B All Related Warrants Warrant to Purchase Common Stock dated December 27, 2018 – BTC Holdings Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Holdings SC Fund, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Credit Opportunities Fund I, LLC Warrant to Purchase Common Stock dated June 1, 2023 – OC III LVS XL LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated May 24, 2024 – OC III LVS XL LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated July 10, 2024 – OC III LVS XL LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities SBAF Fund LP
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day trading day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day trading day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day trading day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. * If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Required Holders shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Required Holders in the London interbank market (or a replacement interbank market reasonably determined by the Required Holders in consultation with the Company. EXHIBIT B All Related Warrants Warrant to Purchase Common Stock dated June 16, 2020 – BTC Holdings SC Fund, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Credit Opportunities Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2023 – OC III LVS XL Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated May 24, 2024 – OC III LVS XL Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated July 10, 2024 – OC III LVS XL Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – BTC Holdings SC Fund LLC
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. * If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Holder shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Holder in the London interbank market (or a replacement interbank market reasonably determined by the Holder in consultation with the Company. Exhibit B
Appears in 1 contract
Samples: Quantum Corp /De/
Black Scholes Value. Remaining Term Number of calendar days from date of public announcement of the Successor Major Transaction until the last date on which this Warrant may be exercised. Interest Rate A risk-free interest rate corresponding to the US$ LIBOR/Swap rate for a period equal to the Remaining Term.* Cost to Borrow Zero Volatility If the first public announcement of the Successor Major Transaction is made at or prior to 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. If the first public announcement of the Successor Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the next succeeding trading day following the date of such first public announcement, obtained from the HVT or similar function on Bloomberg. Stock Price The greater of (1) the closing price of the Common Stock on the Principal Market (the “Closing Market Price”) on the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a Successor Major Transaction, or (3) the Closing Market Price as of the date immediately preceding the first public announcement of the Successor Major Transaction; provided, however, in the event the Common Stock is not then quoted on the Principal Market or reported on any other national securities exchange or inter-dealer quotation system, the stock price shall be the fair market value of the Common Stock calculated in accordance with Section 1.1(d), with the date of determination being the Trading Day immediately preceding the date on which a Successor Major Transaction is consummated. Dividends Zero. Strike Price Exercise Price as defined in Section 1(b).. * If the LIBOR/Swap rate shall cease to exist in substantially its current form, the Holder shall be permitted to select an alternate interest rate that reasonably approximates the rate of interest per annum at which deposits of United States dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Holder in the London interbank market (or a replacement interbank market reasonably determined by the Holder in consultation with the Company. EXHIBIT B All Related Warrants Warrant to Purchase Common Stock dated December 27, 2018 – BTC Holdings Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Holdings SC Fund, LLC Warrant to Purchase Common Stock dated June 16, 2020 – BTC Credit Opportunities Fund I, LLC Warrant to Purchase Common Stock dated June 16, 2023 – OC III LVS XL LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated May 24, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated May 24, 2024 – OC III LVS XL LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated July 10, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated July 10, 2024 – BTC Holdings SC Fund LLC Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Offshore Credit Opportunities Master Fund II LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities KRS Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities Fund II, LP Warrant to Purchase Common Stock dated August 13, 2024 – Blue Torch Credit Opportunities SBAF Fund LP Warrant to Purchase Common Stock dated August 13, 2024 – BTC Holdings SC Fund LLC
Appears in 1 contract
Samples: Quantum Corp /De/
