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 "Amended and Restated Initial Conversion Shares";
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Examples of Initial Conversion Shares in a sentence

  • Converted Stock that is issued in certificated form shall be deemed converted into the corresponding Initial Conversion Shares on the date of Automatic Conversion and the Holder’s rights as a holder of such shares of Converted Stock shall cease and terminate on such date, excepting only the right to receive the Initial Conversion Shares upon the Holder tendering to the Corporation (or its designated agent) the stock certificate(s) (duly endorsed) representing such certificated Converted Stock.

  • 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.

  • Converted Stock that is registered in book entry form shall be automatically cancelled upon the Automatic Conversion and converted into the corresponding Initial Conversion Shares, which shares shall be issued in book entry form and without any action on the part of the Holders.

  • 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”).

  • The winning company submitted the bidding proposal of project MFF-032-T2-ICB-1.01 (Water Intake Facilities and Rehabilitation of Water Supply and Sewerage Networks in Agdash) on February 14, 2012.

  • 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.

  • The Company shall have delivered on a timely basis all of the Commitment Shares required to be delivered pursuant to this Agreement and all of the Initial Conversion Shares issuable upon any conversion of the Initial Note by the Investor, as applicable.

  • 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.

  • 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.


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.

  • 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.

  • 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.

  • 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, collectively, the Series D 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

  • 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.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto 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 one year.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.