Founder Warrants definition
Examples of Founder Warrants in a sentence
In addition, if the Company calls the outstanding Warrants and the Founder Warrants for redemption as provided in Section 6 hereof, the holder of the Founder Warrants may exercise the Founder Warrants on a cashless basis.
Upon any such transfer, a new Warrant Certificate representing an equal aggregate number of Founder Warrants shall be issued and the Warrant Certificate shall be cancelled by the Warrant Agent.
The Company understands that the redemption rights provided for by this Section 6 apply only to outstanding Founder Warrants.
Founder Warrants may not be exercised by, or securities issued to, any registered holder in any state in which such exercise would be unlawful.
To the extent a person holds rights to purchase Founder Warrants, such purchase rights shall not be extinguished by redemption.