Common use of Reverse Stock Splits Clause in Contracts

Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date of original issuance of this Warrant is decreased by a combination of the outstanding shares of Common Stock, then, on the effective date of such combination, the Exercise Price shall be proportionately increased and the number of shares of Common Stock issuable on exercise of this Warrant shall be decreased in proportion to such decrease in outstanding shares. Such adjustment shall become effective at the close of business on the date the combination becomes effective.

Appears in 7 contracts

Samples: Common Stock Purchase Warrant (Wink Communications Inc), Common Stock Purchase Warrant (Wink Communications Inc), Common Stock Purchase Warrant (Wink Communications Inc)

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Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date of original issuance of this Warrant Original Issuance Date is decreased by a combination of the outstanding shares of Common Stock, then, on the effective date of such combination, the Exercise Warrant Price per share shall be proportionately increased and the number of shares of Common Stock issuable on exercise of this Warrant Shares shall be decreased in proportion to such decrease in outstanding shares. Such adjustment shall become effective at the close of business on the date the combination becomes effective.

Appears in 5 contracts

Samples: Warrant Agreement (Corautus Genetics Inc), Warrant Agreement (Genstar Therapeutics Corp), Warrant Agreement (Genstar Therapeutics Corp)

Reverse Stock Splits. If the number of shares of Common Stock common stock outstanding at any time after the date of original issuance of this Warrant Purchase Date is decreased by a combination of the outstanding shares of Common Stockcommon stock, then, on following the effective record date of such combination, the Exercise Price for the Warrants shall be proportionately appropriately increased and the number of shares of Common Stock common stock issuable on exercise of this Warrant the Warrants shall be decreased in proportion to such decrease in outstanding shares. Such adjustment shall become effective at the close of business on the date the combination becomes effective.

Appears in 5 contracts

Samples: Underwriters' Warrant Agreement (Us Dry Cleaning Corp), Underwriters' Warrant Agreement (Reeds Inc), Underwriters’ Warrant Agreement (Reeds Inc)

Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date of original issuance of this Warrant hereof is decreased by a combination of the outstanding shares of Common Stock, then, on the effective date of such combination, the Exercise Price shall be proportionately increased and the number of shares of Common Stock issuable on exercise of this Warrant shall be decreased in proportion to such decrease in outstanding shares. Such adjustment shall become effective at the close of business on the date the combination becomes effective.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Wink Communications Inc), Common Stock Purchase Warrant (Wink Communications Inc)

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Reverse Stock Splits. If the number of shares of Common Stock outstanding at at-any time after the date of original issuance of this Warrant is decreased by a combination of the outstanding shares of Common Stock, then, on the effective date of such combination, the Exercise Price shall be proportionately increased and the number of shares of Common Stock issuable on exercise of this Warrant shall be decreased in proportion to such decrease in outstanding shares. Such adjustment shall become effective at the close of business on the date the combination becomes effective.

Appears in 1 contract

Samples: Warrant Agreement (Wink Communications Inc)

Reverse Stock Splits. If the number of outstanding shares of Common Stock outstanding at any time after the date of original issuance of this Warrant is decreased by a combination of the outstanding shares of Common Stock, then, on following the effective record date of such combination, the Exercise Price shall be proportionately appropriately increased and so that the number of shares of Common Stock issuable on exercise of this Warrant hereof shall be decreased in proportion to such decrease in outstanding shares. Such adjustment shall become effective at the close of business on the date the combination becomes effective.

Appears in 1 contract

Samples: Warrant Agreement (Franklin Telecommunications Corp)

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