Forced Exercise. Section 2(g) of the Warrant is hereby deleted in its entirety and the following language shall replace said Section 2(g):
Forced Exercise. Provided that the shares issuable upon exercise this Warrant are registered pursuant to an effective registration statement, the Company at its option shall have the right at any time commencing on the date hereof if the Company’s Closing Bid Price as quoted by Bloomberg, LP is equal to or greater than Fourteen Cents ($0.14) for ten (10) consecutive Trading Days, to on such tenth (10th) day provide written notice to the Holder (the “Forced Exercise Notice”) providing the Holder twenty (20) calendar days from the day following receipt of the Forced Exercise Notice, to exercise this Warrant in whole at the then applicable Exercise Price (“Forced Exercise Period”). Provided however in the event that the Closing Bid Price of the Company’s Common Stock during the Forced Exercise Period is equal to or lower than the applicable Warrant Exercise Price the Holder shall not be forced to exercise this Warrant, in whole or in part, as provided for herein.
Forced Exercise has the meaning assigned to such term in Section 1(d) of the Equity Commitment Document described in clause (b) of such definition.
Examples of Forced Exercise in a sentence
In such event, the warrants will expire on the date which is the 31st day after the date on which the Company issues a press release announcing that the Forced Exercise Provision has been triggered.
If at any time prior to the delivery of the Notice of Exercise by the Holder, the Conditions to Forced Exercise cease to be met, the Forced Exercise Notice shall be deemed to have been revoked.
Within twenty (20) days after receipt of the Forced Exercise Notice, the Holder shall deliver to the Company the Notice of Exercise for the Forced Shares applicable to this Warrant.
Such press release will set out, among other things, that the Forced Exercise Provision has been triggered, the 10 consecutive trading days for which the closing price of the common shares of the Company was equal to or exceeded $0.15, and the new expiry date of the warrants.
MEDIA COVERAGE May 14, 2015, CCTV-America, on the impact of raising tobacco tax rates in China,https://www.youtube.com/watch?v=Cm28FNGLP94 SELECTED WORKING PAPERS (1) “Optimal Consumption and Investment with Capital Gain Tax and Multiple Risky Assets” (joint with Min Dai and Yifei Zhong), working paper, Washington University.(2) “Inattention, Forced Exercise, and the Valuation of Executive Stock Options” (with Ohad Kadan, Jun Yang), working paper, Washington University.
More Definitions of Forced Exercise
Forced Exercise. The Company can require holders of Warrants to exercise their Warrants within 30 days of receiving notice from the Company (or forfeit such Warrants) when the price of the Company’s common stock closes at six (6) times the Per Unit Price per share or greater for 20 consecutive trading days subsequent to the effectiveness of the registration statement pertaining to the resale of the Common Stock underlying the Warrants; provided that the registration statement described below shall be effective at all times during such 30-day notice period.
Forced Exercise means any exercise of this Warrant following the occurrence of the event set forth subsection 2.1(c).
Forced Exercise is defined as an exercise which either:
Forced Exercise means that if at any time following the Closing Day the volume weighted average trading price of the Common Shares on the Exchange exceeds $0.70 per Common Share for a period of 20 consecutive trading days (whether or not a trade occurs on one or more of such days), then, subject to the Issuer notifying the holders of Warrants of early expiry within five days of such an event, the exercise period of such Warrants will be shortened to a period of 30 days following the date of such notice of early expiry;
Forced Exercise means, as applicable, a Forced Installment Exercise or Forced Full Exercise.
Forced Exercise. The Company can require holders of Warrants to exercise their Warrants upon 30 days prior notice (or forfeit such Warrants) when the price of the Company’s common stock closes at $3.40 per share or greater for 20 consecutive trading days subsequent to the effectiveness of the registration statement pertaining to the resale of the Common Stock underlying the Securities; provided that the registration statement described below shall be effective at all times during such 30-day notice period. The payment of the exercise price under a Forced Exercise may be made in cash, check, wire transfer or by cashless exercise pursuant to paragragh 1(a) of the Common Stock Purchase Warrant.
Forced Exercise. Breakthrough will have the right to require the Warrant holder to exercise the Warrant if the common stock is quoted on the NASDAQ Capital market and, for a period of 20 consecutive trading days, the closing bid price of the common stock has been above $1.50 per share and the daily trading volume has been at least 200,000 shares, in each case on each of the 20 consecutive trading days. Offering Materials: Private Placement Memorandum including all “Form 10 Information” as defined by SEC rules. Compensation: The Placement Agent shall receive (i) 7% of the gross proceeds raised in the Offering, (ii) a non-accountable expense allowance (“Allowance”) of 2% of the gross proceeds raised in the Offering, including a $25,000 non-refundable advance against the Allowance upon signing the Placement Agreement, and (iii) five-year cashless, non-redeemable warrants to purchase 10% of the number of shares of common stock sold in the Offering (excluding any common stock underlying the warrants included as part of the Offering) at an exercise price equal to 125% of the offering price, sold for a nominal price (“Agent Warrants”). Registration: Frezer will, and Breakthrough will cause Frezer, to register for resale on a registration statement (“Registration Statement”) to be filed with the SEC within thirty days following the Closing (the “Filing Deadline”): (i) the shares of its common stock sold in the Offering (“Common Stock”), and (ii) the shares of its common stock underlying the warrants issued in the Offering (“Equity Warrants”). The Registration Statement will be declared effective by the SEC within 120 days after the Closing (the “Effectiveness Deadline”). In the event the Registration Statement is not filed or declared effective in a timely manner, Breakthrough and Frezer will be required to pay customary penalties to investors in the Offering as described below. The Effectiveness Deadline can be extended for up to an additional 60 days solely as a result of responding to comments from the Securities and Exchange Commission relating to SEC Rule 415. Registration Penalties: If the Registration Statement is not filed by the Filing Deadline or does not become effective by the Effectiveness Deadline, Breakthrough will be required to pay Investors in cash an amount equal to 1% of the purchase price of each Unit held by Investors on such Filing Deadline, Effectiveness Deadline, as applicable, and for every 30 day period (or part) thereafter, in each case until cured (“Re...