Examples of Class E Warrants in a sentence
In addition, the Company agreed to issue to Privatbank, as additional consideration, 130,000 Units (consisting of 130,000 shares of Common Stock and Class E Warrants to purchase 130,000 shares of Common Stock).
The shares issuable upon the exercise of Class E Warrants will have piggybank registration rights such that they will be registered on the first registration statement filed by the Company under the Securities Act of 1933, as amended.
An aggregate of 7,678,679 Rights were exercised as of the close of the offering on December 22, 1998, resulting in gross proceeds to the Company of $1,689,309 and the issuance of 7,678,679 shares of Common Stock and a like number of Class E Warrants.
The shares issuable upon exercise of the Class E Warrants will have piggyback registration rights such that they will be registered on the first registration statement filed by the Company under the Securities Act of 1933, as amended.
In the case of the exercise of less than all the Class E Warrants represented hereby, the Company shall cancel this Warrant Certificate upon the surrender hereof and shall execute and deliver a new Warrant Certificate(s) of like tenor, which the Warrant Agent shall issue for the balance of such Class E Warrant.
On April 23, 1999, as an inducement to encourage exercise of warrants, the Company offered to exchange Unit Warrants for Class E Warrants on a one-for-one basis.
In May 1999 the Company issued 300,000 Class E Warrants for cash of $10,000 and issued 999,000 shares of Common Stock, valued at $0.15 per share, and warrants to purchase 600,000 shares of Common Stock in exchange for investor relations and other services through January 2000.
The Pre-Funded Warrants and Class E Warrants, when duly executed by the Company and duly delivered to the purchasers thereof against payment therefor as described in the Registration Statement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.
Each Unit consists of one share of Common Stock and one redeemable Class E Warrant exercisable for one share of Common Stock at an exercise price for one year (through October 23, 1999) of $0.25 per share; then through October 23, 2000 at $0.35; then through October 23, 2001 at $0.50 per share; then through October 23, 2002 at $0.70 per share; then through October 23, 2003 (at which time the Class E Warrants expire) at $0.90 per share.
The Class E Warrants shall be exercisable commencing six months after the Closing Date and until five years after the Closing Date.