Subdivisions, Combinations and Dividends. In case the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares or pay a dividend in Common Stock in respect of outstanding shares of Common Stock, the Stock Purchase Price in effect immediately prior to such subdivision or at the record date of such dividend shall be proportionately reduced, and conversely, in case the outstanding shares of the Common Stock of the Company shall be combined into a smaller number of shares, the Stock Purchase Price in effect immediately prior to such combination shall be proportionately increased.
Appears in 8 contracts
Samples: General Cannabis Corp, Aemetis, Inc, Subscription Agreement (Oxis International Inc)
Subdivisions, Combinations and Dividends. In case the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares or pay a dividend in Common Stock in respect of outstanding shares of Common Stock, the Stock Purchase Exercise Price in effect immediately prior to such subdivision or at the record date of such dividend shall be proportionately reduced, and conversely, in case the outstanding shares of the Common Stock of the Company shall be combined into a smaller number of shares, including by means of a reverse stock split, the Stock Purchase Exercise Price in effect immediately prior to such combination shall be proportionately increased.
Appears in 6 contracts
Samples: Warrant Purchase Agreement (Via Pharmaceuticals, Inc.), Warrant Purchase Agreement (Via Pharmaceuticals, Inc.), Via Pharmaceuticals, Inc.
