Initial Conversion Shares definition

Initial Conversion Shares means _____________ shares of Common Stock issuable upon conversion of the Preferred Stock on the Original Issue Date (subject to adjustment for forward and reverse stock splits and the like after the Original Issue Date).1
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Initial Conversion Shares shall have the meaning ascribed to it in that certain Securities Purchase Agreement, dated as of February 9, 2021, by and among the Company and the parties thereto, as amended.
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Initial Conversion Shares means, and are hereby replaced with, the "Replacement Initial Conversion Shares";
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Examples of Initial Conversion Shares in a sentence

  • If the Initial Conversion Shares and Conversion Shares are not registered under the Registration Rights Agreement by the fifteen (15) month anniversary of the New Issuance Date, then the then-current interest rate shall increase by a rate of 1% per annum each month thereafter (commencing on the day immediately following such 15-month anniversary date) until such shares are registered, up to the Default Rate.

  • If a Holder fails to provide the Corporation with a Beneficial Ownership Statement within 45 days prior to the date of Stockholder Approval, then the Corporation shall presume the Holder’s beneficial ownership of Common Stock (apart from the Initial Conversion Shares) to be zero.

  • Notwithstanding anything herein to the contrary, the Corporation may not issue, upon conversion of the Preferred Stock, a number of shares of Common Stock which would exceed the Initial Conversion Shares (such number of shares, subject to upward adjustment as contemplated by the remainder of this Section 6(e), the “Issuable Maximum”).

  • Each Holder shall, for the avoidance of doubt, be entitled to a portion of the Issuable Maximum equal to its pro-rata portion of the Initial Conversion Shares issuable to such Holder on or before the Original Issue Date.

  • The Company shall have delivered on a timely basis all of the Initial Conversion Shares issuable upon any conversion of the Initial Note by the Investor, as applicable.

  • This document should be published under our Freedom of Information (Scotland) Act Publication Scheme.

  • If a Holder fails to provide the Corporation with a Beneficial Ownership Statement within 45 days prior to the date of Shareholder Approval, then the Corporation shall presume the Holder’s beneficial ownership of Common Stock (apart from the Initial Conversion Shares) to be zero.

  • For purposes of this Agreement, the term "Conversion Shares" refers to Initial Conversion Shares and Additional Conversion Shares, collectively, and the term "Warrant Shares" refers to Initial Warrant Shares and Additional Warrant Shares, collectively.

  • The Company shall have delivered on a timely basis all of the Initial Conversion Shares issuable upon any conversion of the Initial Note by the Investor, all of the Interest Shares issuable pursuant to the Note, and all of the Warrant Shares issuable upon any exercise of the Warrants by the Investor, as applicable.

  • All of the Initial Conversion Shares that may be issued pursuant to the Initial Note shall have been approved for listing or quotation on the Trading Market as of the Initial Closing Date, without regard to any limitations on conversion set forth in the Initial Note, subject only to notice of issuance.


More Definitions of Initial Conversion Shares

Initial Conversion Shares shall have the meaning specified in the recitals.
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Initial Conversion Shares shall have the meaning given in the recitals to this Agreement;
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Initial Conversion Shares means the lesser of (i) 500,000 shares of Common Stock (subject to equitable adjustment for any stock split, combination or similar event), or (ii) a number of shares which, together with the Warrant Shares, equals 19.9% of the issued and outstanding shares of Common Stock of the Company as of the date of the Conversion Event.
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Related to Initial Conversion Shares

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Conversion Shares Registration Statement means a registration statement that registers the resale of all Conversion Shares of the Holders, who shall be named as “selling stockholders” therein and meets the requirements of the Registration Rights Agreement.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • 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.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Interest Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on the Note.

  • 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.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Put Shares means all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable Put Notice in accordance with the terms and conditions of this Agreement.