Examples of Deemed Issue Price in a sentence
If the Company at any time combines (by reverse stock split or otherwise) the Common Stock into a smaller number of shares, then the Exercise Price and Deemed Issue Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares obtainable upon exercise of this Warrant (whether or not then acquirable or subject to a contingency), as the case may be, shall be proportionately decreased.
If the Company at any time combines (by reverse stock split or otherwise) the Common Stock into a smaller number of shares, then the Exercise Price and the Deemed Issue Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares obtainable upon exercise of this Warrant (whether or not then acquirable or subject to a contingency), as the case may be, shall be proportionately decreased.
The deemed share price of the RMA Earn-Out Shares is $0.255 per share (Deemed Issue Price).
Each Preferred Share shall be convertible, at the option of the holder thereof, into such number of fully paid and non-assessable Ordinary Shares as determined by dividing the relevant Deemed Issue Price by the then-effective relevant Conversion Price.
Based on a Deemed Issue Price of $0.356 per share, the total number of BMB Earn-Out Shares required to be issued was 1,875,291.