Consolidated Closing Bid Price definition

Consolidated Closing Bid Price means the consolidated closing bid price for the Common Stock on the Principal Market as reported by the Principal Market.
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Consolidated Closing Bid Price means the consolidated closing bid price of the Common stock as of 4:00 PM ET on Friday, May 3, 2024, as reported by Nasdaq.
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Examples of Consolidated Closing Bid Price in a sentence

  • The Company and the Buyer shall not effect any sales under this Agreement on any Purchase Date where the Consolidated Closing Bid Price is less than the Floor Price.

  • The Company may deliver additional VWAP Purchase Notices to the Buyer from time to time so long as the most recent purchase has been completed and so long as the Consolidated Closing Bid Price is not below $0.25 on the Purchase Date.

  • Notwithstanding anything to the contrary contained herein, (i) the Purchase Price for the Purchase Shares purchased at the Closing shall be equal to the Consolidated Closing Bid Price on the date hereof, and (ii) the Purchase Price per each Purchase Warrant purchased at the Closing shall be equal to $0.125, and (iii) the exercise price for each Purchase Warrant shall be equal to the Consolidated Closing Bid Price on the date hereof.

  • Upon and subject to the terms set forth in this Agreement, on the Closing Date (as defined herein), pursuant to Section 3(a)(9) of the Securities Act, the Holder agrees to deliver to the Company an aggregate principal amount of the Company’s debt specified on Exhibit A under the heading “Exchanged Debt” equal to the product of (w) the Consolidated Closing Bid Price (as defined below) and (x) the Shares (as defined below) (the “Exchanged Debt”).

  • All of the securities to be sold in the private placement were priced at the equivalent of $28.71 per common share, the official Nasdaq Consolidated Closing Bid Price of PrivateBancorp, Inc.’s common stock as of Friday, November 23, 2007.

  • In exchange for the Exchanged Debt, the Company agrees to deliver to the Holder shares (the “Shares”) of common stock of the Company (the “Common Stock”), which shares represent a number of shares of Common Stock equal to the quotient of: (y) the aggregate principal amount of the Company’s debt specified on Exhibit A under the heading “Exchanged Debt” divided by (z) the Consolidated Closing Bid Price, but in no event exceeding 806,000 Shares.

  • The number of Purchase Shares for each Regular Purchase may be increased to up to 75,000 Purchase Shares if the Consolidated Closing Bid Price of the Common Shares is not below $0.50 per share on the date of the applicable Purchase Notice and to up to 100,000 Purchase Shares if the Consolidated Closing Bid Price of the Common Shares is not below $1.00 per share on the date of the applicable Purchase Notice.

Related to Consolidated Closing Bid Price

  • Closing Bid Price and “Closing Sale Price” means, for any security as of any date, the last closing bid price and last closing trade price, respectively, for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Closing Price has the meaning assigned to such term in Section 15.1(a).

  • Current Market Price shall have the meaning set forth in Section 11(d) hereof.

  • Sale Price means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of Stock pursuant to a Sale Event.

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which transactions in the Shares were recorded on the SGX-ST immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period; and

  • ST Valuation Date means the Redemption Valuation Date.

  • Bid Price means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Closing Market Price means the price at which the company’s security was last sold, on the applicable date,