Debt Conversion. The Debt Conversion shall not have resulted in the Category Four Lenders aggregately holding more than (i) 9.23% of the Company’s issued and outstanding shares of capital stock or, (ii) if the Hoche Warrant has been exercised in full, 8.65% of the Company’s issued and outstanding shares of capital stock.
Appears in 6 contracts
Sources: Subscription Agreement (Procaps Group, S.A.), Subscription Agreement (Procaps Group, S.A.), Subscription Agreement (Procaps Group, S.A.)