Common use of Pro Rata Issue Clause in Contracts

Pro Rata Issue. If the Company proceeds with a pro rata issue (except a bonus issue) of securities to stockholders after the date of issue of the Warrant, the Exercise Price of the Warrant will be reduced in accordance with the formula set out in ASX Listing Rule 6.22.2.

Appears in 8 contracts

Samples: Warrant Agreement (Gi Dynamics, Inc.), Warrant Agreement (Gi Dynamics, Inc.), Warrant Agreement (Gi Dynamics, Inc.)

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