Examples of Class II Warrants in a sentence
In reliance on the representations and warranties of the Company contained herein and subject to the terms and conditions hereof, the Purchaser agrees to purchase from the Company, and the Company agrees to sell to the Purchaser, 1,452,119 shares of Convertible Preferred Stock, the Class I Warrants and the Class II Warrants for the aggregate purchase price of Five Million Eighty-Two Thousand Four Hundred Seventeen Dollars ($5,082,417).
The aggregate number of shares of Common Stock issuable upon conversion of the Convertible Preferred Stock and upon exercise of the Class II Warrants represents approximately 19.9% of the issued and outstanding Common Stock of the Company at the date of Closing.
In addition, the Company will have authorized the issuance of the Class I Warrants and the Class II Warrants, and shall have reserved for issuance the number of shares of Common Stock issuable, from time to time, upon exercise thereof.
The CSSE Class I Warrants, the CSSE Class II Warrants, and the CSSE Class III-A Warrants, in the aggregate, are exercisable as of the Closing into less than 20% of CSSE’s pre-transaction issued and outstanding shares of common stock, calculated in accordance with guidance published by the Nasdaq Stock Market.
SECTION 1.3 CII shall have received from the Company an Addendum to the Class I Warrants, and Addendum to the Class II Warrants and an Addendum to the Class III Warrants, all in form and substance satisfactory to CII.
Applications have either been submitted and are pending approval or are currently in progress and will be submitted upon completion to respective state agencies.
At or prior to the Closing, Buyer shall execute and deliver the Registration Rights Agreement in a form to be mutually agreed upon in substance reasonable and customary for transactions of a similar nature, pursuant to which, among other things, Buyer will register for resale under the Securities Act Buyer Ordinary Shares issued or issuable pursuant to this Agreement (including upon exercise of the Class I Warrants and Class II Warrants).
The terms of the Warrants, including the terms on which the Class I Warrants may be exercised for Common Stock and the terms on which the Class II Warrants may be exercised for Units, are set forth in the form of the Warrant attached hereto as Exhibit A and Exhibit B, respectively.