Issued Common Shares definition

Issued Common Shares means that number of Common Shares issued and outstanding, on a non-diluted basis, at any point in time as confirmed by the transfer agent and registrar for the Common Shares.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Issued Common Shares means the shares of Common Stock actually purchased by the Nominee at the First Closing and Second Closing pursuant to the Purchase Agreement, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions relating to the Common Stock (but, for the avoidance of doubt shall not include the shares of Common Stock issuable upon exercise of warrants issued under the Purchase Agreement).

Issued Common Shares has the meaning set forth in the recitals.

Examples of Issued Common Shares in a sentence

If the Unrestricted Conditions are met at the time of issuance of Issued Common Shares, then such Issued Common Shares shall be issued free of all legends.
The Company shall cause its counsel to issue a legal opinion to the Company’s transfer agent promptly after the Effective Date if required by the Company’s transfer agent to effect the issuance of Issued Common Shares without a restrictive legend or removal of the legend hereunder.
The Company shall cause its counsel to issue a legal opinion to the Company's transfer agent promptly after the Effective Date if required by the Company's transfer agent to effect the issuance of Issued Common Shares without a restrictive legend or removal of the legend hereunder.
Such Holder understands that at Closing, the Issued Common Shares will be characterized as “restricted securities” under federal securities laws and that under such laws and applicable regulations the Issued Common Shares cannot be sold or otherwise disposed of without registration under the Securities Act or an exemption therefrom.
There are issued and outstanding only the Issued Common Shares, all of which are duly authorized and validly issued.
The Company shall cause its counsel to issue a legal opinion to the Company’s transfer agent promptly after the effective date of the Registration Statement contemplated by the Investors Rights Agreement if required by the Company’s transfer agent to effect the sale of Issued Common Shares by the Purchaser without a restrictive legend.
Prior to any proposed transfer of any Preferred Shares, Conversion Shares, BMS Originally Issued Common Shares or Founders Stock (other than under the circumstances described in Sections 4, 5 or 6), the holder thereof shall give written notice to the Company of its intention to effect such transfer.
Except as expressly set forth in this Agreement and Company’s Governing Documents: (i) none of the Issued Common Shares is entitled or subject to, or will be issued in violation of, any preemptive right, right of repurchase or forfeiture, right of participation, right of maintenance or any similar right; and (ii) none of the Issued Common Shares is subject to any right of first refusal.
If the Unrestricted Conditions are met at the time of issuance or resale of Issued Common Shares, then such Issued Common Shares shall be issued free of all legends and the Buyer submits proof and proper documentation satisfactory to the Company and its transfer agent to the conditions in Section 6(a).
To the extent physical certificates are issued representing the Issued Common Shares, it is understood that such certificates will bear a legend in substantially the following form: “THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

More Definitions of Issued Common Shares

Issued Common Shares means that number of Common Shares issued and outstanding, on a non-diluted basis, at any point in time.