Excess Warrant Share or Unauthorized Excess Warrant Shares. If there is a Related Warrants Adjustment Cap Event, then the increase in the number of shares of Common Stock purchasable upon the exercise of this Warrant prior to the Company obtaining stockholder approval for the issuance of Excess Warrant Shares shall be equal to the product of (A) the quotient of (x) the original number of Warrants Shares issuable upon exercise of this Warrant as of the Amendment Date divided by (y) the sum of (I) the aggregate number of shares of Common Stock purchasable upon the exercise of All Related Warrants as of the Amendment Date, plus (II) the original number of Warrant Shares issuable upon exercise of this Warrant as of the Amendment Date, multiplied by (B) the lesser of (x) the Adjustment Cap, or (y) the difference of (I) the Adjustment Cap minus (II) the sum of (aa) the total number of Additional Warrant Shares issued after the Amendment Date and prior to such Related Warrants Adjustment Cap Event pursuant to this Section 2(a), plus (bb) the total number of additional shares of Common Stock purchasable upon the exercise of All Related Warrants pursuant to adjustments made as a result of a Dilutive Adjustment following the Amendment Date and prior to such Related Warrants Adjustment Cap Event.
Appears in 7 contracts
Samples: Warrant Agreement (Quantum Corp /De/), Warrant Agreement (Quantum Corp /De/), Warrant Agreement (Quantum Corp /De/)