Completion of Reverse Stock Split Sample Clauses

Completion of Reverse Stock Split. Prior to the Applicable Time, the Company shall have completed all necessary corporate action and filed all necessary certificates or amendments to its Certificate of Incorporation with the Secretary of State of the State of Delaware, to effectuate a reverse stock split on the basis of one share of Common Stock for each [40] shares of Common Stock issued and outstanding prior to the Applicable Time.
Sample 1
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Completion of Reverse Stock Split. Prior to the Applicable Time, the Company shall have completed all necessary corporate action and filed all necessary certificates or amendments to its Articles of Incorporation with the Secretary of State of the State of Nevada, to effectuate a reverse stock split on the basis of one share of Common Stock for each 10 shares of Common Stock issued and outstanding prior to the Applicable Time. Skystar Bio-Pharmaceutical Company _______________, 2009
Sample 1
Completion of Reverse Stock Split. Buyer shall, within thirty (30) days after the Closing Date, file with the California Secretary of State the necessary amendment to the Company's Articles of Incorporation to reduce the number of shares authorized, in order to effectuate a reverse stock split of the Company's stock (the "Reverse Stock Split").
Sample 1
Completion of Reverse Stock Split. Unless expressly waived by EveryStory and the Shareholders, KMI shall have completed a reverse stock split (the “Reverse Split”) at a ratio of [1:6] (one new share for each [6] old shares) of its common stock, and shall have taken all necessary actions with the State of Nevada to effectuate the filing; with FINRA to effectuate the corporate action; and with the CUSIP Bureau to obtain a new CUSIP number for the Company’s common stock, together with any other such actions as may be required to complete Reverse Split.
Sample 1
Completion of Reverse Stock Split. The Reverse Stock Split shall have been completed.
Sample 1
Completion of Reverse Stock Split. VHS shall have completed a reverse stock split of the VHS Common Stock outstanding immediately prior to Closing.
Sample 1
Completion of Reverse Stock Split. Unless expressly waived by EveryStory and the Shareholders, the KMI Board of Directors shall have approved and recommended to its shareholders, and the KMI shareholders shall have approved a reverse stock split of KMI’s common stock (the “Reverse Split”) at a ratio of between 1:5 and 1:7.5, with the specific ratio to be implemented to be determined by the incoming management of KMI following the Closing of its common stock. The Parties understand, acknowledge, and agree that the incoming management of KMI following the Closing will implement the Reverse Split as soon after the Closing as reasonably practicable and as determined to be in the best interest of KMI by the incoming Board of Directors, and that the incoming management shall, upon direction from the incoming Board of Directors, take all necessary actions with the State of Nevada to effectuate the filing; with FINRA to effectuate the corporate action; and with the CUSIP Bureau to obtain a new CUSIP number for KMI’s common stock, together with any other such actions as may be required to complete Reverse Split.
Sample 1
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Related to Completion of Reverse Stock Split

  • Reverse Stock Split The Company has taken all necessary corporate action to effectuate a reverse stock split of its shares of Common Stock on the basis of one (1) such share for each [•] ([•]) issued and outstanding shares thereof (the “Reverse Stock Split”), such Reverse Stock Split to be effective no later than the first trading day of the Firm Shares following the date hereof.

  • Stock Splits and Reverse Stock Splits If at any time on or after the date hereof the Company shall subdivide its outstanding shares of Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of shares receivable upon exercise of the Warrant shall thereby be proportionately increased; and, conversely, if at any time on or after the date hereof the outstanding number of shares of Common Stock shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall thereby be proportionately increased and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately decreased.

  • Stock Dividend, Stock Split and Reverse Stock Split Upon a stock dividend of, or stock split, reverse stock split, or similar event affecting, the Common Stock, the number of Award Shares and the number of such Award Shares that are nonvested and forfeitable shall, without further action of the Administrator, be adjusted to reflect such event. The Administrator may make adjustments, in its discretion, to address the treatment of fractional shares with respect to the Award Shares as a result of the stock dividend, stock split, reverse stock split, or similar event. Adjustments under this Section 9 will be made by the Administrator, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive. No fractional Award Shares will result from any such adjustments.

  • Stock Split All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization affecting the Capital Stock occurring after the date of this Agreement.

  • Stock Splits and Reverse Splits In the event that the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Shares purchasable pursuant to this Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in the event that the outstanding shares of Common stock shall at any time be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such combination shall be proportionately reduced. Except as provided in this Section 3.4, no adjustment in the Exercise Price and no change in the number of Warrant Shares purchasable shall be made under this Article III as a result of or by reason of any such subdivision or combination.

  • Reverse Split The Company has taken all necessary corporate action to effectuate a reverse split of its issued and outstanding Common Stock and preferred stock on the basis of one (1) such share for each 2.67 shares of issued and outstanding Common Stock and Preferred Stock, as applicable (the “Reverse Split”), and such Reverse Split became effective on June 22, 2020.

  • Effect of Reorganization Etc Adjustment of Exercise Price 3.1 In the event of any capital reorganization or reclassification not otherwise covered in Section 4, or any consolidation or merger to which the Company is a party other than a merger or consolidation in which the Company is the surviving corporation, or in case of any sale or conveyance to another entity of the property of the Company as an entirety or substantially as an entirety, or in the case of any statutory exchange of securities with another corporation (including any exchange effected in connection with a merger of a third corporation into the Company), the Holder of this Warrant shall have the right thereafter to receive on the exercise of this Warrant the kind and amount of securities, cash or other property which the Holder would have owned or have been entitled to receive immediately after such reorganization, reclassification, consolidation, merger, statutory exchange, sale or conveyance had this Warrant been exercised immediately prior to the effective date of such reorganization, reclassification, consolidation, merger, statutory exchange, sale or conveyance and in any such case, if necessary, appropriate adjustment shall be made in the application of the provisions set forth in Section 4 with respect to the rights and interests thereafter of the Holder of this Warrant to the end that the provisions set forth in Section 4 shall thereafter correspondingly be made applicable, as nearly as may reasonably be, in relation to any shares of stock or other securities or property thereafter deliverable on the exercise of this Warrant. The above provisions of this Section 3 shall similarly apply to successive reorganizations, reclassifications, consolidations, mergers, statutory exchanges, sales or conveyances.

  • Reverse Splits The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

  • Treatment of Warrant Upon Acquisition of Company (a) For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions involving: (i) the sale, lease, exclusive license, or other disposition of all or substantially all of the assets of the Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the stockholders of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power.

  • Adjustment of Number of Shares Upon each adjustment in the Warrant Price, the number of Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

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