Examples of PA Warrants in a sentence
The PA Warrants shall further provide for adjustment in the number and price of such warrants (and the shares underlying such warrants) to prevent dilution subject to compliance with FINRA Rule 5110(g)(8).
The Placement Agent may assign PA Warrants to Sub-Agents, or other designees, so long as such designees are accredited investors and execute such certificates reasonably requested by the Company to ensure compliance with applicable securities laws.
The PA Warrants shall expire five (5) years from the date of issuance.
The initial number of shares of Common Stock reserved for exercise of this Warrant and the other PA Warrants and each increase in the number of shares so reserved shall be allocated pro rata among the Holder and the holders of the other PA Warrants, based on the number of shares of Common Stock issuable upon exercise of this Warrant (without regard to any limitations in exercise) issued to the Holder on the Issuance Date (the “Authorized Share Allocation”).
Any shares of Common Stock reserved and allocated to any Person which ceases to hold any PA Warrants shall be allocated to the Holder and the remaining holders of PA Warrants, pro rata based on the shares of Common Stock issuable upon exercise of the PA Warrants then held by such holders (without regard to any limitations on the exercise of the PA Warrants).
The PA Warrants shall have an exercise price of 110% of the price of the common stock in the Offering and will expire on the date that is five (5) years from the date of issuance of such PA Warrant.
The PA Warrants may not be sold, transferred, assigned or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities for a period of 180 days beginning on the date of commencement of sales of the offering, except that they may be assigned, in whole or in part, to any officer, partner, registered person or affiliate of the Placement Agent, and to members of the selling group.
The PA Warrants will be non-exercisable for six (6) months after the Closing Date and will expire five years after the commencement of sales of the Offering.
The exercise price of the PA Warrants shall be the same exercise price as in the Warrants issued to the Investors.
The PA Warrants will be non-exercisable for six (6) months after the Closing Date and will expire five years after the commencement of sales of the Placement.