Common use of Xx Fractional Shares Clause in Contracts

Xx Fractional Shares. No fractional shares of Warrant Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional shares which would, otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the closing price of one Warrant Share as reported by the applicable Trading Market on the date of exercise.

Appears in 2 contracts

Samples: Unusual Machines, Inc., Subscription Agreement (ZBB Energy Corp)

AutoNDA by SimpleDocs

Xx Fractional Shares. No fractional shares of Warrant Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional shares which would, that would otherwise be issuable, the number of Warrant Shares to be issued shall be rounded down to the next whole number and the Company shall pay the Holder in cash equal to the product of such fraction multiplied by the closing price of one Warrant Share as reported by the applicable Trading Market fair market value (based ​ on the date of exercise.Closing Sale Price) for any such fractional shares. ​

Appears in 1 contract

Samples: Milestone Pharmaceuticals Inc.

Xx Fractional Shares. No fractional shares of Warrant Shares stock will be issued in connection with any exercise of this Warranthereunder. In lieu of any fractional shares which would, would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the closing price fair market value of one share of Warrant Share as reported by the applicable Trading Market Stock on the date of exercise., as determined in good faith by the Board. ​

Appears in 1 contract

Samples: Monogram Orthopaedics Inc

AutoNDA by SimpleDocs

Xx Fractional Shares. No fractional shares of Warrant Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional shares which would, otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the closing price Closing Price of one Warrant Share as reported by the applicable Trading Market on the date of exercise.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Photoworks Inc /Wa)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!