Common use of Purchaser Ownership Clause in Contracts

Purchaser Ownership. Assuming that the Company’s representations in Section 2.3 with respect to the number of outstanding shares of Common Stock are accurate as of the Closing, the Purchaser will not beneficially own more than 19.99% of the Common Stock immediately following the Closing. For purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Tracon Pharmaceuticals, Inc.), Securities Purchase Agreement (Tracon Pharmaceuticals, Inc.), Securities Purchase Agreement (Tracon Pharmaceuticals, Inc.)

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Purchaser Ownership. Assuming that the Company’s representations in Section 2.3 with respect to the number of outstanding shares of Common Stock are accurate as of the Closing, neither the Purchaser nor any of its affiliates will not beneficially own more than 19.9919.9% of the Common Stock immediately following the Closing. For purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Yuma Regional Medical Center), Securities Purchase Agreement (Palisade Bio, Inc.)

Purchaser Ownership. Assuming that the Company’s representations in Section 2.3 2.5 with respect to the number of outstanding shares of Common Stock are accurate as of the ClosingClosing Date, the Purchaser and its Affiliates, including, but not limited to, Xxxxxxx X. Xxxxxxxx, Pharm.D., the Company’s Chairman of the Board of Directors, will not beneficially own more than 19.99% of the Common Stock immediately following the Closing. For purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

Appears in 1 contract

Samples: Securities Purchase Agreement (Aravive, Inc.)

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Purchaser Ownership. Assuming that the Company’s representations in Section 2.3 with respect to the number of outstanding shares of Common Stock are accurate as of the Closing, the Purchaser will not beneficially own more than 19.99% of the Common Stock immediately following the Closing (or, if such Purchaser is participating in the Additional Closing, immediately following the Additional Closing). For purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

Appears in 1 contract

Samples: Securities Purchase Agreement (Puissance Cross-Border Opportunities v LLC)

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