Examples of Option Stock in a sentence
Each date and time the shares of Option Stock are delivered is sometimes referred to as an “Option Stock Delivery Date”, and the Initial Delivery Date and any Option Stock Delivery Date are sometimes each referred to as a “Delivery Date”.
The Company is not obligated to deliver any of the Firm Stock or Option Stock to be delivered on the applicable Delivery Date, except upon payment for all such Stock to be purchased on such Delivery Date as provided herein.
Xxxx Xxxxxx Xxxxxxx Xxxxxxx Xxxxxxxxx Xxxxxxx Xxxxxx Xxxxxx Xxxxx Xxxxxx Xxxx Xxxxxxx Xxxxxxx Xxxx Wider Xxxxxx Xxxxxxxxx Schedule III Pricing Information Firm Stock: 2,395,000 shares Option Stock: 359,250 shares Public Offering Price: $6.75 Underwriting Discount: 5.5% Schedule IV Issuer Free Writing Prospectus None.
Each Underwriter agrees, severally and not jointly, to purchase the number of shares of Option Stock (subject to such adjustments to eliminate fractional shares as the Representative may determine) that bears the same proportion to the total number of shares of Option Stock to be sold on such Delivery Date as the number of shares of Firm Stock set forth in Schedule I hereto opposite the name of such Underwriter bears to the total number of shares of Firm Stock.
The Company shall deliver the Option Stock through the facilities of DTC unless the Representative shall otherwise instruct.