Underwriter Warrant Sample Clauses
An Underwriter Warrant clause grants the underwriter the right to purchase a specified number of shares or securities of the issuing company at a predetermined price, typically within a set period following the completion of a public offering. This clause outlines the terms under which the warrants are issued, including the exercise price, duration, and any restrictions on transfer or exercise. Its core practical function is to provide additional compensation or incentive to the underwriter for their services in facilitating the offering, aligning their interests with the success of the transaction.
Underwriter Warrant. THIS CERTIFIES THAT, for value received, Network 1 Financial Securities, Inc. or its registered assigns (the “Holder” or “Network 1”), as registered owner of this Warrant issued by Sentage Holdings Inc., a Cayman Islands company (the “Company”), is entitled, at any time or from time to time from __________, 2021 (the “Commencement Date”), the effective date of the offering (the “Offering”), as set forth in the Company’s registration statement on Form F-1 (No. 333-[_______]) (the “Registration Statement”), until at or before 5:00 p.m., Eastern Time, __________, 2026 (the five-year anniversary of the Commencement Date) (the “Expiration Date”) but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to __________ (__________)1 ordinary shares (the “Shares”), $0.001 par value per share of the Company (the “Company Ordinary Shares”). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Underwriter Warrant may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate this Warrant. This Warrant is initially exercisable at $__________ per Share (125% of the public offering price per Company Ordinary Share at the effective date of the Offering) so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Warrant, including the exercise price per share and the number of Shares to be received upon such exercise, shall be adjusted as therein specified. The term “
Underwriter Warrant. THIS CERTIFIES THAT, in consideration of duly paid consideration by or on behalf of (“Holder”), as registered owner of this Underwriter Warrant, to Genenta Science S.p.A. (“Company”), H▇▇▇▇▇ is entitled to subscribe for, purchase and receive, in whole or in part, up to [●] ([●]) American Depositary Shares (“Shares”), each Share representing one ordinary share of the Company at any time on or after [●], 2022 (the “Commencement Date”) and on or prior to 5:00 p.m. (New York City time) on [●], 2026 (the “Expiration Date”) but not thereafter. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Underwriter Warrant may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Underwriter Warrant. This Underwriter Warrant is initially exercisable at $[●] per share purchased (125% of the initial public offering price per share); provided, however, that upon the occurrence of any of the events specified in Section 5 hereof, the rights granted by this Underwriter Warrant, including the Exercise Price and the number of Shares to be received upon such exercise, shall be adjusted as therein specified. The term “
Underwriter Warrant. On the Closing Date, in satisfaction of the Company’s obligations as set forth in that certain letter agreement dated August 17, 2009, between the Company and the Underwriter (the “Engagement Letter”), the Company shall execute and deliver to the Underwriter, a warrant in the form attached hereto as Annex A (the “Warrant”), evidencing the right to purchase 270,000 shares of Common Stock, at a price equal to 125% of the initial offering price per share to the public as set forth on Schedule II. On any Option Closing Date, the Company shall further execute and deliver to the Underwriter a warrant in the same form evidencing the right to purchase additional shares of Common Stock equal to 5% of the Additional Shares sold on such Option Closing Date (such additional issuance included in all references to the “Warrant” in this Agreement).