Common use of Issuance and Sale of Placement Shares Clause in Contracts

Issuance and Sale of Placement Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set forth herein, it shall have the option, but not the obligation, to issue and sell through Canaccord, acting as sales agent, shares of common stock, $0.012 par value per share (the “Common Shares”), of the Company having an aggregate offering price of up to $100,000,000 (the “Placement Shares”). The Placement Shares will be sold on the terms set forth herein at such times and in such amounts as the Company and Canaccord shall agree from time to time. The issuance and sale of the Placement Shares through Canaccord will be effected pursuant to the Registration Statement filed by the Company and declared effective by the Commission (or, in the case of any registration statement filed to register the offer and sale of Placement Shares pursuant to Rule 462(b) under the Securities Act, became or will become effective upon filing with the Commission).

Appears in 1 contract

Samples: Equity Distribution Agreement (Oramed Pharmaceuticals Inc.)

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Issuance and Sale of Placement Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set forth herein, it shall have the option, but not the obligation, to issue and sell through Canaccord, acting as sales agent, shares of common stock, $0.012 par value per share (the “Common Shares”), of the Company having an aggregate offering price of up to $100,000,000 28,000,000 (the “Placement Shares”). The Placement Shares will be sold on the terms set forth herein at such times and in such amounts as the Company and Canaccord shall agree from time to time. The issuance and sale of the Placement Shares through Canaccord will be effected pursuant to the Registration Statement filed by the Company and declared effective by the Commission (or, in the case of any registration statement filed to register the offer and sale of Placement Shares pursuant to Rule 462(b) under the Securities ActRegistration Statement, became or will become effective upon filing with the Commission).

Appears in 1 contract

Samples: Equity Distribution Agreement (Oramed Pharmaceuticals Inc.)

Issuance and Sale of Placement Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set forth herein, it shall have the option, but not the obligation, to issue and sell through Canaccord, acting as sales agent, shares of common stock, $0.012 par value per share (the “Common Shares”), of the Company having an aggregate offering price of up to $100,000,000 15,000,000 (the “Placement Shares”). The Placement Shares will be sold on the terms set forth herein at such times and in such amounts as the Company and Canaccord shall agree from time to time. The issuance and sale of the Placement Shares through Canaccord will be effected pursuant to the Registration Statement filed by the Company and declared effective by the Commission (or, in the case of any registration statement filed to register the offer and sale of Placement Shares pursuant to Rule 462(b) under the Securities Act, became or will become effective upon filing with the Commission).

Appears in 1 contract

Samples: Equity Distribution Agreement (Oramed Pharmaceuticals Inc.)

Issuance and Sale of Placement Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set forth herein, it shall have the option, but not the obligation, to issue and sell through Canaccord, acting as sales agent, shares of common stock, $0.012 par value per share (the “Common Shares”), of the Company having an aggregate offering price of up to $100,000,000 40,000,000 (the “Placement Shares”). The Placement Shares will be sold on the terms set forth herein at such times and in such amounts as the Company and Canaccord shall agree from time to time. The issuance and sale of the Placement Shares through Canaccord will be effected pursuant to the Registration Statement filed by the Company and declared effective by the Commission (or, in the case of any registration statement filed to register the offer and sale of Placement Shares pursuant to Rule 462(b) under the Securities Act, became or will become effective upon filing with the Commission).

Appears in 1 contract

Samples: Equity Distribution Agreement (Oramed Pharmaceuticals Inc.)

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Issuance and Sale of Placement Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set forth herein, it shall have the option, but not the obligation, to issue and sell through CanaccordCantor, acting as sales agent, shares of common stock, $0.012 par value per share (the “Common Shares”), of the Company having an aggregate offering price of up to $100,000,000 (the “Placement Shares”). The Placement Shares will be sold on the terms set forth herein at such times and in such amounts as the Company and Canaccord Cantor shall agree from time to time. The issuance and sale of the Placement Shares through Canaccord Cantor will be effected pursuant to the Registration Statement filed by the Company and declared effective by the Commission (or, in the case of any registration statement filed to register the offer and sale of Placement Shares pursuant to Rule 462(b) under the Securities ActRegistration Statement, became or will become effective upon filing with the Commission).

Appears in 1 contract

Samples: Oramed Pharmaceuticals Inc.

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