Maximum Conversion Shares definition

Maximum Conversion Shares has the meaning ascribed thereto in Section 2.3(e);
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Maximum Conversion Shares means the lesser of (i) the total number of common shares in the Company outstanding pre-Conversion multiplied by the Applicable Mandatory Offer Threshold Percentage, minus the number of common shares held by the Preference Shareholder pre-Conversion; and (ii) the Conversion Shares.
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Maximum Conversion Shares shall have the meaning set forth in Section 4.1(e) hereof.
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Examples of Maximum Conversion Shares in a sentence

  • In the event the Conversion Price is below par value, the Company shall allot and issue to the Noteholders such number of Conversion Shares subject to the Maximum Conversion Shares and pay the Noteholders such amount in cash based on the formulae set out in the Conditions.

  • The Maximum Conversion Shares is in compliance with Paragraph 6.50 of the Listing Requirements.

  • Assuming that the Maximum Conversion Shares are allotted and issued, the net price per Conversion Share based on the above net proceeds is approximately HK$0.4595.

  • There is in place a monitoring system to ensure the total aggregate number of Conversion Shares will not exceed the Maximum Conversion Shares.

  • In view of the foregoing, our Company will not issue further RCPS once the Maximum Conversion Shares is reached.

  • Furthermore, the Subscriber may only convert the RCPS up to the Conversion Cap and the total number of new Ireka Shares which may be issued pursuant to conversion of RCPS is limited to the Maximum Conversion Shares.

  • The principal amount of the 2022 Debentures (converted into Canadian dollars) is convertible into common shares of the Company at the holder’s option at a Conversion Price of $4.33 per share, up to 1,464,281 Maximum Conversion Shares.

  • Assuming the Maximum Conversion Shares are issued and allotted in full, the aggregate Conversion Price payable by AFE to the Company is S$3,000,000, which will be fully set-off and settled against the Relevant Outstanding Amount.

  • In the event the total aggregate number of Conversion Shares issued have already reached the Maximum Conversion Shares, the Company shall redeem the remaining issued Notes as set out above, if any.

  • Notwithstanding the above, the Company will not issue further Notes once the Maximum Conversion Shares has reached.


More Definitions of Maximum Conversion Shares

Maximum Conversion Shares means twelve million (12,000,000) shares of Common Stock, as such number is adjusted pursuant to Section 4(c) hereof.
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Related to Maximum Conversion Shares

  • 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.

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

  • Company Conversion Price means, as of any date of determination, the price which shall be the lower of (i) the applicable Conversion Price and (ii) that price computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days ending on the Trading Day immediately preceding the applicable Company Redemption Date (each a “Company Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock during such Company Conversion Measuring Period.

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

  • Put Shares means shares of Common Stock that are purchased by the Investor pursuant to a Put.

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

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

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

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.