Examples of Compensation Option in a sentence
Each Compensation Option is exercisable for one unit of 48North (“Compensation Unit”) at an exercise price of $1.36 until April 2, 2022.
The fair value of the Compensation Option was $38,500 ($1.59 per Compensation Option) and was recognized as a share issuance cost.
Each underlying common share purchase warrant (a "Compensation Option Warrant") will be subject to the same terms as the warrants attached to the units sold in the financing.
Each Compensation Option entitles the holder to purchase a unit on the same terms as the offering for a period of two years from the date of issuance.
If the Compensation Option Warrants are accelerated prior to the exercise of the Compensation Option, each Compensation Option Warrant will expire 30 days after the date of exercise of the Compensation Option.