Stock Combination Clause Samples
Stock Combination. If the number of shares of Common Stock outstanding is decreased by a combination of the shares of Common Stock then, following the record date for such combination, the exercise price shall be appropriately increased so that the number of shares of Common Stock issuable upon exercise of this Warrant shall be decreased in proportion to such decrease in outstanding shares.
Stock Combination. The Stock Combination and Stock Combination Articles Amendment shall have been approved and ratified by Celestial's stockholders and the Stock Combination Articles Amendment shall have been duly filed with the Secretary of State of the State of Nevada prior to the Effective Time.
Stock Combination. To the extent necessary to allow for a sufficient number of shares of unissued common stock of the Surviving Corporation to be available for issuance of the Initial Merger Consideration, SPT will approve a stock combination to reduce the number of outstanding shares (a “Reverse Split”) prior to the Merger. Alternatively, after the Merger, the Surviving Corporation may be required to implement a Reverse Split to facilitate a Primary Exchange Listing. To the extent required, the parties will agree to take any actions necessary to effect any such Reverse Split.