Common use of Representative Warrants Clause in Contracts

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., Inc. or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Stock equal to 5% of the aggregate number of shares of Common Stock and Pre-Funded Warrants issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and expiring on the five-year anniversary of the commencement of the sales of Units to the public at an initial exercise price per share of Common Stock of $[●], which is equal to 110% of the initial public offering price of the Unit. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(f)(2)(G)(i); provided, however that pursuant to FINRA Rule 5110(g)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately following the effective date of the Registration Statement or commencement of sales of the Securities, consistent with FINRA Rule 5110(g)(1), except for the transfers enumerated in FINRA Rule 5110(g)(2). The Representative Warrants and the shares of Common Stock issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 3.

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., Inc. LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Stock Shares equal to five percent (5% %) of the aggregate number of shares of Common Stock and Pre-Funded Warrants Shares issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and expiring shall expire on the five-year anniversary of the date of commencement of the sales of Units the Firm Securities pursuant to the public Registration Statement at an initial exercise price per share of Common Stock of $[●], which is Share equal to 110125% of the initial public offering price of the Unitper Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(f)(2)(G)(i5110(g)(8); provided, however however, that pursuant to FINRA Rule 5110(g)(15110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately following commencing on the effective date of the Registration Statement or commencement of sales of the Firm Securities, consistent with FINRA Rule 5110(g)(15110(e)(1), except for the transfers enumerated in FINRA Rule 5110(g)(25110(e)(2). The Representative Warrants and the shares of Common Stock Shares issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 31.

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., Inc. LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Stock equal to five percent (5% %) of the aggregate number of shares of Common Stock and shares of Common Stock underlying Firm Pre-Funded Warrants or Option Pre-Funded Warrants, as applicable, issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and expiring on the five-year anniversary of the date of commencement of the sales of Units the Firm Securities pursuant to the public Registration Statement at an initial exercise price per share of Common Stock of $[●], which is equal to 110% of the initial public offering price of the Unitper Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(f)(2)(G)(i5110(g)(8); provided, however however, that pursuant to FINRA Rule 5110(g)(15110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately following commencing on the effective date of the Registration Statement or commencement of sales of the SecuritiesShares, consistent with FINRA Rule 5110(g)(15110(e)(1), except for the transfers enumerated in FINRA Rule 5110(g)(25110(e)(2). The Representative Warrants and the shares of Common Stock issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 31.

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., Inc. LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Stock equal to five percent (5% %) of the aggregate number of shares of Common Stock and shares of Common Stock underlying Firm Pre-Funded Warrants or Option Pre-Funded Warrants, as applicable, issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and expiring on the five-year anniversary of the date of commencement of the sales of Units the Firm Securities pursuant to the public Registration Statement at an initial exercise price per share of Common Stock of $[●], which is equal to 110% of the initial public offering price of the Unitper Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(f)(2)(G)(i5110(g)(8); provided, however however, that pursuant to FINRA Rule 5110(g)(15110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately following commencing on the effective date of the Registration Statement or commencement of sales of the SecuritiesShares, consistent with FINRA Rule 5110(g)(15110(e)(1), except for the transfers enumerated in FINRA Rule 5110(g)(25110(e)(2). The Representative Warrants and the shares of Common Stock issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 3.1. ​

Representative Warrants. The Company shall issue to Xxxxxx Xxxxxx & Co., Inc. LLC or its designees on each of the Closing Date and each Option Closing Date, warrants (the “Representative Warrants”) to purchase that number of shares of Common Stock Shares equal to five percent (5% %) of the aggregate number of shares of Common Stock and Pre-Funded Warrants Shares issued on each of the Closing Date and each Option Closing Date. The Representative Warrants shall be in a customary form reasonably acceptable to the Underwriter and the Company, shall be exercisable, in whole or in part, immediately and expiring shall expire on the five-year anniversary of the date of commencement of the sales of Units the Firm Securities pursuant to the public Registration Statement at an initial exercise price per share of Common Stock of $[●], which is Share equal to 110125% of the initial public offering price of the Unitper Firm Share set forth in paragraph one hereof. The Representative Warrants shall be subject to the limitation on exercise set forth in FINRA Rule 5110(f)(2)(G)(i5110(g)(8); provided, however however, that pursuant to FINRA Rule 5110(g)(15110(e)(1) the Representative Warrants shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately following commencing on the effective date of the Registration Statement or commencement of sales of the Firm Securities, consistent with FINRA Rule 5110(g)(15110(e)(1), except for the transfers enumerated in FINRA Rule 5110(g)(25110(e)(2). The Representative Warrants and the shares of Common Stock Shares issuable upon exercise of the Representative Warrants are hereinafter referred to collectively as the “Representative’s 's Securities.” The form of the Representative Warrant is attached hereto as Exhibit 31.