PP Warrants definition

PP Warrants means the 10,000,000 Common Share purchase warrants issued inconnection with the First Private Placement, with each PP Warrant being exercisable at $0.10 per Common Share for a period of 24 months from the date of issuance;
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PP Warrants means the share purchase warrants of the Company issued pursuant to the private placement of the Company that closed on February 3, 2021, each exercisable into one Common Share at a price of $0.20 per Common Share for a period beginning on the Listing Date and ending on the date that is two (2) years following the Listing Date. If the Company fails to list the Common Shares on the Exchange within two years of the date of issuance of the PP Warrants, the PP Warrants will expire automatically on that date;
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PP Warrants means common share purchase warrants issuable to the subscribers to the Private Placement, each warrant being exercisable into one Resulting Issuer Share for a period of two years at an exercise price of$0.50 per share;
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Examples of PP Warrants in a sentence

  • The gross proceeds were allocated $8.4 million to the fair value of the 2020 PP Warrants and $21.7 million to the common shares.

  • A total of$6.3 million was allocated to the 2019 PP Warrants liability based on their fair value determined using the trading price at the date of closing of the transaction and the remaining $5.1 million of the gross proceeds was allocated to the common shares and recorded as a share capital.

  • A total of $21.7 million of the gross proceeds was allocated to the common shares and $8.4 million was allocated to the fair value of the 2020 PP Warrants.

  • Transaction costs related to 2020 Private Placement amounted to $0.6 million, of which $0.1 million was allocated to the 2020 PP Warrants and was recognized as a finance cost in the statement of operations (Note 21).

  • United Investor agrees to maintain all required books of account and related financial records on behalf of W&R.

  • Transactions costs related to 2019 Private Placement amounted to $0.2 million, of which $0.1 million was allocated to the 2019 PP Warrants and was recognized as an expense in the statement of operation.

  • Transaction costs related to 2020 Private Placement amounted to $0.6 million, of which $0.1 million was allocated to the 2020 PP Warrants and was recognized as a finance cost in the statement of operations (Note 17).

  • The fair value of the 2019 PP Warrants as at December 31, 2019 was determined using the Black-Scholes option pricing model considering the following inputs; dividends expected nil, expected volatility 60.30%, risk-free interest rate 1.68%, expected life of 3.8 years.

  • In accordance with IAS 32, since the exercise prices of the PP Warrants and Finder Warrants issued are not a fixed amount as they are denominated in a currency (Canadian dollar) other than the Company’s functional currency (U.S. dollar), the PP Warrants and the Finder Warrants are accounted for as a derivative financial liability.

  • Unlisted Warrants The Company has unlisted share purchase warrants outstanding related to a private placement completed in 2019 (the “2019 PP Warrants”) and the 2020 PP Warrants.


More Definitions of PP Warrants

PP Warrants means the private placement warrants to acquire 24,109,936 Cannex Common Shares issued by Cannex by private placement on March 13, 2018.
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Related to PP Warrants

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • Sponsors’ Warrants means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

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

  • Initial Warrants means the warrant to purchase shares of common stock of the Issuer issued pursuant to the Initial Warrants Purchase Agreement.

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Book Entry Warrants means Warrants that are to be held only by or on behalf of the Depository;

  • Insider Warrants is defined in the preamble to this Agreement.

  • Company Warrants means warrants to purchase shares of Company Capital Stock.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

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

  • Special Warrants means the special warrants issued by the Company, at a price of $0.10 per Special Warrant, pursuant to the Special Warrant Private Placement and entitling the holder thereof to acquire, for no additional consideration, one Common Share pursuant to the terms and conditions in the Special Warrant Certificates; and

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.