First Tranche Warrants definition

First Tranche Warrants is defined in the Recitals.
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First Tranche Warrants means the Warrants to be issued by the Company to the
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First Tranche Warrants means 2,738,700 warrants, each warrant entitling the holder to purchase one Borrower Share for a purchase price of Cdn. $0.91 per share for a period of 24 months from the Closing Date, substantially in the form annexed hereto as schedule A.
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Examples of First Tranche Warrants in a sentence

  • The exercise price of S$0.24 for the First Tranche Warrants and the issue price of S$0.24 for the Consideration Shares were arrived at pursuant to discussions with TOC, taking into account, among others, the prevailing market price of the Shares, and represents a discount of approximately 1.72% to the volume weighted average price of S$0.2442 for trades done on the Shares on Catalist on 17 December 2019 being the full market day on which the Term Sheet was signed.

  • Upon the full exercise of the Subscription Rights under the First Tranche Warrants, holders of the First Tranche Warrants are entitled to subscribe for up to 65,606,863 Warrant Shares at the initial Strike Price of HK$2.3778 per Warrant Share (subject to adjustment).On 23 December 2014, the Company issued a total of 580,444,533 Shares (the “Joygain Consideration Shares”) to settle part of the consideration for the Group’s acquisition of 50% of the issued share capital of Joygain Holdings Limited.

  • Assuming all the First Tranche Warrants and Second Tranche Warrants are exercised, the aggregate number of 52,500,000 Warrant Shares and Consideration Shares comprise approximately 18.42% of the Company’s issued share capital of 285,068,122 Shares as at the date of this announcement and approximately 15.55% of the Company’s enlarged issued share capital of 337,568,122 Shares.

  • Adjustment Events The number of Warrant Shares issued pursuant to theexercise of the First Tranche Warrants are subject to adjustment in the event of, inter alia, consolidation, subdivision, capitalisation issues, rights issues, bonus issues and certain capital distributions to be provided for in the definitive agreements.

  • In consideration of the purchase of the First Tranche Notes, the Company issued First Tranche Warrants representing the aggregate amount of exercise moneys of US$20,000,000 (equivalent to approximately HK$156,000,000).

  • In the event the SGX Approval in respect of the First Tranche Warrants is not obtained within three months from the date of issue of the First Tranche Bonds, the Company shall proceed to issue the First Tranche Warrants without the SGX Approval, save that the First Tranche Warrantholders shall only be entitled to exercise the warrants subsequent to the Company obtaining the requisite SGX Approval.

  • On June 1, 2022, concurrent with the June 2022 public offering detailed in Note 14, the Company entered into warrant amendment agreements to the First Tranche Warrants with the Investors.

  • Exercise Price S$0.24, subject to adjustment(s) in accordance with the terms and conditions of the First Tranche Warrants as set out in the Warrants Deed.

  • The First Tranche Warrants were equity classified because they are freestanding financial instruments that are legally detachable and separately exercisable from other equity instruments, are immediately exercisable, do not embody an obligation for the Company to repurchase its shares, permit the holders to receive a fixed number of shares of Series X1 Preferred Stock upon exercise, are indexed to the Company’s common stock and meet the equity classification criteria.

  • In consideration of the Investor’s agreement to the aforesaid amendments, the Controlling Shareholder has agreed to transfer to the Investor an additional 35,000,000 Warrants (“Transfer Warrants”) to be issued to the Controlling Shareholder pursuant to the First Tranche Warrants Issue (defined in Paragraph 2.6 below).


More Definitions of First Tranche Warrants

First Tranche Warrants has the meaning set forth in Section 3(a).
Sample 1
First Tranche Warrants means the warrants to purchase shares of Common Stock in the form attached hereto as Exhibit J.
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First Tranche Warrants means warrants, substantially in the form attached hereto as Exhibit B, to purchase an aggregate number of ADSs equal to the quotient obtained by dividing (i) the product of (A) 0.85 and (B) the First Tranche Note Amount by (ii) the First Tranche Conversion Price, rounded to the nearest whole number, at an exercise price per ADS initially equal to 125% of the First Tranche Conversion Price as in effect at the time of exercise.
Sample 1
First Tranche Warrants means Warrants to be issued by the Company to the Investors representing
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First Tranche Warrants has the meaning set forth in the Recitals.
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Related to First Tranche Warrants

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Series D Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years, in the form of Exhibit C attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall vest and be exercisable ratably commencing on the exercise of the Series B Warrants held by the Purchaser (or its assigns) and have a term of exercise equal to 5 years from the date of issuance, in the form of Exhibit C attached hereto.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Parent Warrants means the outstanding warrants to purchase Parent Common Stock.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Placement Warrants shall have the meaning given in the Recitals hereto.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).