Examples of Bridge Loan Warrants in a sentence
This Agreement, the Exhibits and Schedules hereto, the Related Agreements, the Bridge Loan Warrants and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subject matter hereof and no party shall be liable or bound to any other in any manner by any representations, warranties, covenants and agreements except as specifically set forth herein and therein.
The Bridge Loan Warrants entitle the holders to acquire one common share of the Company at a price of $0.85 per share for a period of one year.
As of the date hereof, each Lender hereby represents and warrants to the Company and each of the Borrowers that (a) each Lender is incorporated, formed or otherwise organized in a jurisdiction outside of Canada; and (b) the Bridge Loan Warrants and the Bridge Loan Notes are being purchased for investment purposes only and not with a view to resale to a purchaser in Canada.
The Bridge Loan Warrants is duly authorized and, upon issuance in accordance with the terms of this Agreement, will be validly issued, fully paid and nonassessable, and will be free of liens, claims, encumbrances and restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws or as set forth therein.
The Lender shall have received, in form and substance satisfactory to it, such additional approvals, opinions, documents and other information as the Lender may reasonably request, including in the case of any Additional Loans, the Additional Bridge Loan Warrants to be issued to Lender pursuant to Section 2.12.
In the event Lender anticipates that the Class A Common Stock issued pursuant to the conversion or exercise of the Note and the Bridge Loan Warrants may exceed the amount approved by the California Department of Corporations, then at the Lender's request the Company shall apply for an additional permit from the California Department of Corporations covering any additional shares of Class A Common Stock requested by Lender and use its best efforts to have such application approved.
The Company acknowledges that the issuance of the Underlying Shares upon (i) conversion of the Notes in accordance with the terms of the Notes, and (ii) exercise of the Warrants and the Bridge Loan Warrants in accordance with their terms, will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions.
Big Beaver Investments LLC Warrants to purchase that number of shares $500 of Class A Common Stock equal to 36.9% of the aggregate shares subject to (i) currently outstanding warrants (excluding the Bridge Loan Warrants) plus (ii) warrants that are issuable at the Closing to Xxxxxxx Xxxxx Securities Incorporated on the terms and conditions set forth in the Contingent Common Stock Purchase Warrants attached hereto as Exhibit B.
In addition, a total of 500,000 warrants was linked to the Bridge Loan and issued to the lenders pro rata to their commitment under the Bridge Loan (the "Bridge Loan Warrants").The Bridge Loan and the Bridge Loan Warrants were settled on 15 December 2020 as further described in Section 9.6 "Settlement of Loans and Warrants" below.
This Warrant is one of a series of warrants designated the Class B Bridge Loan Warrants to Purchase Common Stock ("Class B Warrants") and has been issued with a companion warrant in a series designated the Class A Bridge Loan Warrants to Purchase Common Stock ("Class A Warrants").