Number of Closing Shares definition

Number of Closing Shares means the number of shares of Company Common Stock to be issued to the Investor at the Closing pursuant to Section 2.1(a), which number shall be equal to the product obtained by multiplying (x) the quotient obtained by dividing (A) the product obtained by multiplying the Number of Status Quo Shares by 5.0% by (B) 0.95 by (y) the fraction obtained by dividing 50,000,000 by 460,000,000.
Sample 1Sample 2Sample 3
Number of Closing Shares means the number of shares of Company Common Stock to be issued to the Investor at the Closing pursuant to Section 2.1(a) , which number shall be equal to the product obtained by multiplying (x) the quotient obtained by dividing (A) the product obtained by multiplying the Number of Status Quo Shares by 5.0% by (B) 0.95 by (y) the fraction obtained by dividing 410,000,000 by 460,000,000.
Sample 1

Examples of Number of Closing Shares in a sentence

  • Schedule 2.5 sets forth an illustrative example of the calculations of (a) the Number of Closing Shares under Section 2.1(a) ; (b) the Upper Benchmark and the Lower Benchmark (and the adjustments pursuant to Section 2.4(b) and 2.4(c) ); and (c) the number of Warrant 1 Shares and the number of Warrant 2 Shares under Section 2.4(d) .

  • Schedule 2.5 sets forth an illustrative example of the calculations of (a) the Number of Closing Shares under Section 2.1(a); (b) the Upper Benchmark and the Lower Benchmark (and the adjustments pursuant to Section 2.4(b) and 2.4(c)); and (c) the number of Warrant 1 Shares and the number of Warrant 2 Shares under Section 2.4(d).

Related to Number of Closing Shares

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Number of Shares As of any date, the product of (i) the Number of Options, (ii) the Conversion Rate and (iii) the Applicable Percentage.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Number of Warrants For each Component, as provided in Annex A to this Confirmation. Warrant Entitlement: One Share per Warrant

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

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

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Coop Shares Shares issued by a Cooperative Corporation.

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

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Target Shares means common shares in the capital of Target, as currently constituted;

  • Acquired Shares has the meaning set forth in the Recitals.

  • Original Shares means ordinary shares with a par value of US$0.0001 each in the capital of the Company;

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Total Shares means (without double-counting), as of a particular date of determination, the algebraic sum of: (A) the Initial Shares, plus (B) the Additional Shares, minus (C) all Buyback Shares repurchased or redeemed between the Effective Date and such date of determination.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Purchaser Shares means the common shares in the capital of the Purchaser.