Common use of Reset Clause in Contracts

Reset. On the Reset Date, the Exercise Price shall be adjusted to equal the lower of (a) the Exercise Price then in effect (after taking into account and adjusting for the reverse stock split) and (b) 100% of the applicable Reset Price determined as of the applicable date of determination.

Appears in 4 contracts

Samples: Common Stock Purchase Warrant (LogicMark, Inc.), Wisa Technologies, Inc., Wisa Technologies, Inc.

AutoNDA by SimpleDocs

Reset. On the Reset Date, the Exercise Price shall be adjusted to equal the lower of (a) the Exercise Price then in effect (after taking into account and adjusting for the reverse stock split) and (b) 100% of the applicable Reset Price determined as of the applicable date of determination.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Soluna Holdings, Inc), Common Stock Purchase Warrant (NXT-Id, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.