Conversion Floor Price. Prior to the Stockholder Approval Date (as defined in the Issuance Agreement), no adjustment pursuant to this Section 8 shall cause the Conversion Price to be less than $3.641 (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring after the date of the Issuance Agreement) (the “Conversion Floor Price”). As of the Stockholder Approval Date, any Dilutive Issuances or other events that would have resulted in an adjustment to the Conversion Price prior to the Stockholder Approval Date, but for the application of this Section 8(g), shall adjust the Conversion Price hereunder as if such Dilutive Issuances and/or other events, as applicable, occurred on the Stockholder Approval Date.
Conversion Floor Price. At any time, both Xxxxxx and Borrower hereto each agree and acknowledge that the floor price of the conversion shall not be lower than US $0.30 per share.
Conversion Floor Price. Until such time as the Company receives any stockholder approval that may be required in order to allow the Conversion Price to be less than the Conversion Floor Price (as defined below), including under the rules and regulations of the Principal Market, in no case shall the Conversion Price be less than $0.20, as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction occurring after the date of the Securities Purchase Agreement (the “Conversion Floor Price”).
Conversion Floor Price. In the event the closing bid price of the Common Units is less than $3.00 for five (5) consecutive Trading Days, the Partnership shall promptly, but in any event within five (5) Trading Days, effect a reverse stock split of the Common Units at a ratio no less than would result in the lowest closing bid price of the Common Units during the thirty (30) Trading Days immediately prior to giving effect to such reverse stock split, to equal $10.00 immediately after giving effect to such reverse stock split.
Conversion Floor Price. At any time, both Xxxxxx and Borrower hereto each agree and acknowledge that the floor price of the conversion shall not be lower than US $0.8 per share. 转换底价。在任何时候，贷款人和借款人在此均同意并承认，转换的底价不得低于每股0.8美元。 [Signature Page Follows] In acknowledgment that the foregoing correctly sets forth the understanding reached by the Investor and the Company, and intending to be legally bound, please sign in the space provided below, whereupon this Amendment No. 1 shall constitute a binding agreement as of the date executed. Very truly yours, Baosheng Media Group Holdings Limited By: Name: Xxxxxx Xx Title: Chief Executive Officer Accepted and agreed to as of the date first written above. Investor By: Name: [] Title: []
Conversion Floor Price. Until such time as the Company receives any stockholder approval that may be required under any applicable stockholder approval provisions in order to allow the Conversion Price to be less than the Conversion Floor Price (as defined below), including, without limitation, under the rules and regulations of any exchange or automated quotation system on which any of the securities of the Company are listed or designated (the "Required Stockholder Approval"), no adjustment pursuant to Sections 11.13, 13.10(a), 13.10(b) or 13.16 shall cause the Conversion Price to be less than $1.2675, as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction (the "Conversion Floor Price").
Conversion Floor Price. At any time following March 1, 2019, in the event that (i) the closing bid price of the Common Units is less than $3.00 for five (5) consecutive Trading Days (a “Below $3.00 Trading Period”), (ii) the Partnership has elected to convert any Monthly Conversion Amount into Common Units pursuant to a Monthly Conversion and (iii) such Below $3.00 Trading Period occurs during the period of time between the date notice of such Monthly Conversion was given and the date such Monthly Conversion is completed, the Partnership shall promptly, but in any event within five (5) Trading Days, approve and undertake a reverse stock split of the Common Units at a ratio no less than would result in the lowest closing bid price of the Common Units during the thirty (30) Trading Days immediately prior to giving effect to such reverse stock split, to equal at least $10.00 immediately after giving effect to such reverse stock split.
