Issuance Price definition
Examples of Issuance Price in a sentence
As used herein, “Effective Per Share Price” means, initially, the Per Share Purchase Price, and thereafter, the New Issuance Price for the most recent Dilutive Issuance prior to the Expiration Date, if any, for which True-Up Shares have been issued to the Purchaser in accordance with this Section 4.5.
Upon the consummation of a Dilutive Issuance, the Company shall issue to the Purchaser, for no additional consideration, a number of shares of Common Stock (the “True-Up Shares”), equal to (A) the quotient of (i) the Subscription Amount divided by (ii) the New Issuance Price, minus (B) the sum of (i) the number of Shares issued to the Purchaser at Closing plus (ii) the number of True-Up Shares, if any, previously issued to the Purchaser pursuant to this Section 4.5.
If acting as sales agent hereunder, the Agent will provide written confirmation to the Company no later than the opening of the next Trading Day following the Trading Day on which it has placed Shares hereunder setting forth the number of Shares sold on such Trading Day, the corresponding Sales Price and the Issuance Price payable to the Company in respect thereof.