Prefunded Warrant definition
Examples of Prefunded Warrant in a sentence
The Company hereby agrees to use best efforts to maintain the listing or quotation of the Common Stock on the Trading Market on which it is currently listed, and concurrently with the Closing, the Company shall apply to list or quote all of the Shares and Prefunded Warrant Shares on such Trading Market and promptly secure the listing of all of the Shares and Prefunded Warrant Shares on such Trading Market.
As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of shares of Common Stock for the purpose of enabling the Company to issue Shares pursuant to this Agreement and Prefunded Warrant Shares pursuant to any exercise of the Prefunded Warrants.
The Company shall honor exercises of the Warrants and Prefunded Warrants and shall deliver Warrant Shares and Prefunded Warrant Shares in accordance with the terms, conditions and time periods set forth in the Transaction Documents.
The purchase price for a unit consisting of [_] ADS, [_] Prefunded Warrant, and a[_] accompanying Warrant shall be $[_] (the “Purchase Price”).
If all or any portion of a Prefunded Warrant is exercised at a time when there is an effective registration statement to cover the issuance or resale of the Prefunded Warrant Shares or if the Prefunded Warrant is exercised via cashless exercise, the Prefunded Warrant Shares issued pursuant to any such exercise shall be issued free of all legends.