No Fractional Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole ADS.
Appears in 82 contracts
Samples: Placement Agent Warrant (Purple Biotech Ltd.), Placement Agent Warrant (Can-Fite BioPharma Ltd.), Security Agreement (Can-Fite BioPharma Ltd.)
No Fractional Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole ADS; provided, however, the fraction of an ADS shall not be rounded up to the next whole ADS if such rounding results in the issue price being lower than the nominal value of the ADS.
Appears in 6 contracts
Samples: Securities Agreement (Akari Therapeutics PLC), Securities Agreement (Akari Therapeutics PLC), Securities Agreement (Akari Therapeutics PLC)
No Fractional Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole ADS; provided, however the fraction of an ADS shall not be rounded up to the next whole ADS if such rounding results in the issue price being lower than the par value of the Ordinary Shares.
Appears in 6 contracts
Samples: Warrant Agreement (RedHill Biopharma Ltd.), Placement Agent Warrant (RedHill Biopharma Ltd.), Warrant Agreement (RedHill Biopharma Ltd.)
No Fractional Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole ADS.
Appears in 5 contracts
Samples: Warrant Agreement (RedHill Biopharma Ltd.), Warrant Agreement (Nano Dimension Ltd.), Warrant Agreement (Nano Dimension Ltd.)
No Fractional Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or shall round up to the next whole ADS.
Appears in 3 contracts
Samples: Underwriting Agreement (The9 LTD), Security Agreement (CollPlant Holdings Ltd.), Security Agreement (CollPlant Holdings Ltd.)
No Fractional Shares or Scrip. No fractional Warrant Shares ADSs or Warrant scrip representing fractional ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole ADS.
Appears in 2 contracts
Samples: Purchase Agreement (Kazia Therapeutics LTD), Warrant Agreement (Kazia Therapeutics LTD)
No Fractional Shares or Scrip. No fractional Warrant Shares or Warrant ADSs shall be issued upon the exercise of this Warrant. As to any fraction of an a share or ADS which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up down to the next whole share or ADS.
Appears in 1 contract
No Fractional Shares or Scrip. No fractional Warrant Shares ADRs or Warrant ADSs scrip representing fractional ADRs shall be issued upon the exercise of this Warrant. As to any fraction of an ADS ADR which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either shall pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the number of Ordinary Shares represented by one ADR, and then multiplied by the Exercise Price or round up to the next whole ADSPrice.
Appears in 1 contract
Samples: Ordinary Shares Purchase Warrant (XTL Biopharmaceuticals LTD)
