Examples of B Warrants in a sentence
On the Closing Date, the Company will issue and deliver Class B Warrants to the Subscribers.
The Class B Warrants will be issued upon exercise of certain Class A Warrants and have an exercise price of $15.00 per share.
Upon exercise of certain Class A Warrants, the Company would have the obligation to issue Class B Warrants to purchase 278,068 shares of common stock at an exercise price of $15.00 per share.
The Company’s Series B Warrants are measured at fair value using a simulation model which takes into account, as of the valuation date, factors including the current exercise price, the expected life of the warrant, the current price of the underlying stock, its expected volatility, holding cost and the risk-free interest rate for the term of the warrant.
Class B Warrants to purchase 35,000 shares of common stock have a three year term and Class B Warrants representing the right to purchase 243,068 shares will expire after five years.