Examples of Debenture Conversion Price in a sentence
The 2020 Debenture Conversion Price shall be subject to standard provisions providing for adjustments upon the occurrence of certain corporate events.
Each convertible debenture will be deemed to automatically convert, without any further action on the part of the holder and immediately prior to any liquidity event, such as the RTO Transaction, and will automatically convert into 47,434,805 common shares of Britannia Life Sciences Inc., based on the Britannia Debenture Conversion Price and after giving effect to the exchange ratio.
Assuming a minimum Convertible Debenture Conversion Price of $1.00.
ConversionThe 2020 Debentures will be convertible, at the option of the holder at any time prior to the close of business on the 2020 Debenture Conversion Date, at a conversion price of $0.30 per Common Share (the 2020 Debenture Conversion Price) (representing a conversion rate of approximately 3,333.33 Common Shares per $1,000 principal amount of 2020 Debentures).
According to their terms, the Britannia Debentures will automatically convert into Britannia Shares at the Britannia Debenture Conversion Price immediately prior to the RTO.
Each Britannia Debenture is convertible at any time prior to the close of business on the last business day immediately preceding six months of the closing date, into that number of shares computed on the basis of the principal amount of the Britannia Debentures divided by the conversion price of US$1.55 per Britannia Share (the "Britannia Debenture Conversion Price").