FLOATING CONVERSION PRICE means, as of any date of determination, the amount obtained by multiplying the Conversion Percentage in effect as of such date by the Average Market Price for the Common Stock for the five (5) consecutive trading days immediately preceding such date;
FLOATING CONVERSION PRICE means, as of any date of determination, the amount obtained by multiplying the Conversion Percentage in effect as of such date by the Market Price as of such date;
FLOATING CONVERSION PRICE means, as of any date of determination, the amount obtained by multiplying the Conversion Percentage in effect as of such date by the Market Price for the Common Stock.
Examples of FLOATING CONVERSION PRICE in a sentence
Subject to adjustment as provided in Section 6 below, "CONVERSION PRICE" with respect to a Preferred Share shall mean the lesser of (i) $21.95 (the "FIXED CONVERSION PRICE") and (ii) eighty seven and one half percent (87.5%) of the average of the fourth, fifth and sixth lowest Closing Trade Prices for the Common Stock during the period of twenty (20) Trading Days occurring immediately prior to (but not including) the applicable Conversion Date (the "FLOATING CONVERSION PRICE").
COMMON STOCKHOLDERS MAY SUFFER DILUTION DUE TO THE FLOATING CONVERSION PRICE OF THE SERIES E PREFERRED STOCK AND THE ANTIDILUTION PROVISIONS OF THE WARRANTS ISSUED TO THE ORIGINAL PURCHASERS OF THE PREFERRED STOCK.
More Definitions of FLOATING CONVERSION PRICE
FLOATING CONVERSION PRICE means, as of any date, the greater of (i) the Floor Price and (ii) seventy five percent (75%) of the Market Price on such date; in either case, subject to adjustment as provided herein.
FLOATING CONVERSION PRICE shall have the meaning set forth in Section 4(c) hereof.
FLOATING CONVERSION PRICE means as of any date of determination, the amount determined by multiplying (i) the Market Price of the Company Common Stock by (ii) the Conversion Percentage in effect as of such date, subject to adjustment as provided herein.
FLOATING CONVERSION PRICE means, as of any date of determination, the average of the 15 lowest Average Daily Trading Prices during the 45 consecutive trading days immediately preceding such date of determination;
FLOATING CONVERSION PRICE means 80% of the Market Price on the date on which the Conversion Notice is delivered to the Company.
FLOATING CONVERSION PRICE means the average of the three (3) lowest Closing Prices during the Valuation Period.
FLOATING CONVERSION PRICE means the product of (x) the average of the ten (10) lowest Closing Bid Prices of the Common Stock during the applicable Valuation Period and (y) the Conversion Percentage, subject to adjustment as provided herein.