Examples of Exchanged Warrant in a sentence
Except as specifically provided above, following the Effective Time, each Exchanged Warrant continued to be governed by the same terms and conditions (including vesting and exercisability terms) as were applicable to the corresponding former Legacy QuantumScape Warrant immediately prior to the Effective Time.
Other than the reduced exercise price, the Exchanged Warrant has the same terms and conditions as the Original Warrant.
The Exchanged Warrant may not be exercised if, after giving effect to the conversion, CVI together with its affiliates would beneficially own in excess of 4.99% of the Company’s common stock.
The Company accounts for the Exchanged Warrant as a liability due to certain adjustment provisions within the warrant, which requires that it be recorded at fair value.
See Note 3, Fair Value Measurements for further discussion The Company accounts for the Exchanged Warrant as a liability due to certain adjustment provisions within the warrant, which requires that it be recorded at fair value.
As of the date hereof, the Holder holds such portion of the Exchange Warrant, which as of the date hereof is exercisable into 62,700 shares of Common Stock (without regard to any limitation on exercise set forth therein) (such portion of the Exchanged Warrant outstanding as of the Purchase Time (as defined below), the “Repurchase Warrant”).
The Exchanged Warrant is subject to revaluation at each balance sheet date and any change in fair value will be recorded as a change in fair value of derivatives and warrants until the earlier of its expiration or its exercise at which time the warrant liability will be reclassified to equity.
The Exchanged Warrant may not be exercised if, after giving effect to the conversion, CVI together with its affiliates, would beneficially own in excess of 4.99% of the Companys common stock.
The Exchanged Warrant is subject to revaluation at each balance sheet date and any change in fair value will be recorded as a change in fair value of derivatives and warrants until the earlier of its expiration or its exercise at which time the warrant liability will be reclassified to equity.Following is a summary of the key assumptions used to calculate the fair value of the warrant: Fiscal Year 14Term (years) ........................
The foregoing was a summary of certain material terms of the: (i) Exchanged Warrant; (ii) Certificate of Designation; (iii) Securities Purchase Agreement; (iv) New Warrant; and (v) Registration Rights Agreement.