Common use of Limitation on Resales Clause in Contracts

Limitation on Resales. For thirty (30) trading days following the Closing Date, the Holder shall not sell more than 2.0% of trading volume of Common Stock as reported by Bloomberg, LP for the applicable date of determination through open market sales through the NASDAQ Capital Market on any trading day in which the NASDAQ Capital Market is open for trading.

Appears in 3 contracts

Samples: Warrant Exchange Agreement, Warrant Exchange Agreement (SELLAS Life Sciences Group, Inc.), Warrant Exchange Agreement (SELLAS Life Sciences Group, Inc.)

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Limitation on Resales. For During the thirty (30) trading days following the Closing Date, on any trading day on which the NASDAQ Capital Market is open for trading, the Holder shall not sell more than sell, through open market sales on the NASDAQ Capital Market, a number of Exchange Shares in excess of 2.0% of the trading volume of Common Stock as reported by Bloomberg, LP for the applicable date of determination through open market sales through the NASDAQ Capital Market on any trading day in which the NASDAQ Capital Market is open for tradingday.

Appears in 1 contract

Samples: Warrant Exchange Agreement (SELLAS Life Sciences Group, Inc.)

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