Partially Diluted Basis definition

Partially Diluted Basis means the sum of (i) the total number of Company Shares beneficially owned by RS and (ii) the total number of Company Shares into which the Series A Preferred Shares beneficially owned by RS would be converted, assuming all Preferred Shares held by RS on any applicable date were converted into Company Shares as of the Mandatory Conversion Date, and outstanding Company Shares shall be determined based on the sum of (x) the number of outstanding Company Shares as of the date of determination and (y) the number of Company Shares that would be issued on conversion of the Series A Preferred Shares, assuming all Preferred Shares held by RS on any applicable date were converted into Company Shares as of the Mandatory Conversion Date.

Partially Diluted Basis means the sum of (i) the total number of Common Shares beneficially owned by the Shareholder and (ii) the total number of Common Shares into which the Preferred Shares beneficially owned by the Shareholder are convertible as of the Mandatory Conversion Date (as defined in the Company’s Articles), and outstanding Common Shares shall be determined based on the sum of (x) the number of outstanding Common Shares as of the date of determination and (y) the number of Common Shares issuable on conversion of the Preferred Shares as of the Mandatory Conversion Date;

Partially Diluted Basis means the sum of (i) the total number of Common Shares beneficially owned by the Shareholder and (ii) the total number of Common Shares into which the Preferred Shares beneficially owned by the Shareholder are convertible as of the Mandatory Conversion Date (as defined in the Company's Articles), and outstanding Common Shares shall be determined based on the sum of (x) the number of outstanding Common Shares as of the date of determination and (y) the number of Common Shares issuable on conversion of the Preferred Shares as of the Mandatory Conversion Date;

Examples of Partially Diluted Basis in a sentence

• Plaintiffs were fully prepared to try the case and previous attempts at negotiating a settlement, including a mediation session with Judge Phillips in May 2021, had been unsuccessful.

• Special Situations and its joint actors, if any, have ownership of and control over 12,376,500 Shares and 8,625,000 Warrants representing approximately 12.31% of the issued and outstanding Shares on a Partially Diluted Basis.William Philip Seymour Richards (“ Philip Richards” ), who may be considered a joint actor with Special Situations, has ownership of 750,000 Shares and 250,000 Warrants, representing approximately 0.62% of the issued and outstanding Shares on a Partially Diluted Basis.

• William Philip Seymour Richards (“Philip Richards”), who may be considered a joint actor with Special Situations, has ownership of 750,000 Shares and 250,000 Warrants, representing approximately 0.66% of the issued and outstanding Shares on a Partially Diluted Basis.

• Any calculation of Shareholder's equity interests will be based on the determination of such equity interests on a Partially Diluted Basis at the relevant time.

• Special Situations and its joint actors, if any, have ownership of and control over 11,250,000 Shares and 3,000,000 Warrants representing approximately 8.64% of the issued and outstanding Shares on a Partially Diluted Basis.William Philip Seymour Richards (“Philip Richards”), who may be considered a joint actor with Special Situations, has ownership of 750,000 Shares and 250,000 Warrants representing approximately 0.62% of the issued and outstanding Shares on a Partially Diluted Basis.

More Definitions of Partially Diluted Basis

Partially Diluted Basis means the number of shares of Common Stock of the Company calculated assuming the exercise or conversion of all securities held by RCF that are exercisable for or convertible into Common Stock and excluding the exercise or conversion of all securities held by any other Person that are exercisable for or convertible into Common Stock.

Partially Diluted Basis means, with respect to any calculation of the number of shares of Voting Stock of any Person held by another Person at any time, the sum of:

Partially Diluted Basis means, with respect to the number of outstanding Class B Shares at any time, the number of Class B Shares that would be outstanding assuming all outstanding options for Class B Shares and other rights to purchase Class B Shares (other than Rights) have been exercised (including the exercise of the COM Canada Warrants for Class B Shares), but not assuming the exercise of the Warrants or conversion of Class A Shares.

Partially Diluted Basis means a calculation based on the applicable fraction calculated by taking all Voting Shares and Conversion Shares held by the Lender and its Affiliates as the numerator and all of the current issued and outstanding Voting Shares of the Borrower plus any Conversion Shares held only by the Lender and its Affiliates as the denominator.

Partially Diluted Basis means the sum of (i) all shares of Common Stock outstanding as of the date hereof plus (ii) all shares of Common Stock (“Underlying Shares”) issuable on conversion or exercise of securities outstanding as of the date hereof which are convertible into or exercisable for Common Stock, including pursuant to this Warrant, having a conversion or exercise price equal to or less than one hundred and fifteen percent (115%) of the Fair Market Value (as defined in Section 1.2 hereof) plus (iii) all shares of Common Stock and all Underlying Shares issued by the Company in connection with the first $2,000,000 in gross proceeds from equity financings consummated subsequent to the date hereof. As of the date of this Warrant, this Warrant is exercisable for 12,827,296 shares of Common Stock (the “Warrant Shares”). Notwithstanding adjustments to the Specified Number from time to time, once shares of Common Stock are issued upon exercise hereunder to the Holder of this Warrant, the Company shall have no claim, and hereby waives, any potential claim to return of such shares of issued Common Stock.”

Partially Diluted Basis means the number of issued and outstanding Class A Shares (assuming conversion of Class B Shares to Class A Shares on a three-for-one basis) to be issued to the Vendors at Closing divided by the sum of the estimated number of issued and outstanding Class A Shares (assuming conversion of Class B Shares to Class A Shares on a three-for-one basis) as of the date of Closing plus the number of in-the-money options of the Company to purchase Class A Shares, whether vested or unvested, as of the date of the Purchase Agreement.

Partially Diluted Basis means after giving effect to the exercise, conversion or exchange of any securities exercisable for, convertible into or exchangeable for Shares (including, without limitation, all Share Rights) beneficially owned by Osisko.