Common Stock Issuable Upon Exercise Clause Samples
The 'Common Stock Issuable Upon Exercise' clause defines the right of a holder to receive shares of common stock when they exercise a warrant, option, or similar security. In practice, this clause specifies the number of shares that can be obtained, the conditions under which the exercise can occur, and any adjustments that may affect the amount or type of stock issued, such as stock splits or mergers. Its core function is to ensure clarity and certainty for both the issuer and the holder regarding the equity interests that may be acquired through the exercise of rights, thereby preventing disputes and misunderstandings about what is deliverable upon exercise.
Common Stock Issuable Upon Exercise. This Warrant initially evidences the right to purchase a number of shares of Common Stock equal to the Warrant Quantity. The "Warrant Price" shall be fixed at Thirty Cents ($0.30) per share of Common Stock received upon exercise of this Warrant.
Common Stock Issuable Upon Exercise