Conversion Price definition

Conversion Price shall have the meaning set forth in Section 4(b).

Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time.

Conversion Price shall have the meaning ascribed to such term in the Certificate of Designation.

Examples of Conversion Price in a sentence

• The Company will not engage in or be a party to any transaction or event that would require the Conversion Rate to be adjusted pursuant to Section 5.05(A) or Section 5.07 to an amount that would result in the Conversion Price per share of Common Stock being less than the par value per share of Common Stock.

• The Stock Prices in the first row (i.e., the column headers) of the table set forth in Section 5.07(A) will be adjusted in the same manner as, and at the same time and for the same events for which, the Conversion Price is adjusted as a result of the operation of Section 5.05(A).

• The aggregate merger consideration to be issued to the Company Stockholders (excluding the Dissenting Stockholders) in the Merger shall be a number of shares of ListCo Class A Common Stock (and/or the Pre-Funded Warrants issued in lieu thereof) equal to the quotient of $19,600,000 divided by the Conversion Price (the “Merger Consideration”).

• A Holder may convert its Notes during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ending on June 30, 2025, if the Last Reported Sale Price per share of Common Stock exceeds one hundred and thirty percent (130%) of the Conversion Price for each of at least twenty (20) Trading Days (whether or not consecutive) during the thirty (30) consecutive Trading Days ending on, and including, the last Trading Day of the immediately preceding calendar quarter.

More Definitions of Conversion Price

Conversion Price shall have the meaning ascribed to such term in the Notes.

Conversion Price shall have the meaning ascribed to such term in the Debentures.

Conversion Price means, as of any time, an amount equal to (A) one thousand dollars ($1,000) divided by (B) the Conversion Rate in effect at such time.

Conversion Price means, as of any Conversion Date or other date of determination, $[ ]1, subject to adjustment as provided herein.

Conversion Price means as of any time, $1,000, divided by the Conversion Rate as of such time. “Conversion Rate” shall have the meaning specified in Section 14.01(a).

Conversion Price means either: (1) the Safe Price or (2) the Discount Price, whichever calculation results in a greater number of shares of Safe Preferred Stock.

Conversion Price means, as of any Conversion Date (as defined below) or other date of determination, and subject to adjustment as provided herein, $1.10.