Examples of Representative Warrant Shares in a sentence
The Company has the power and authority to enter into this Agreement and the Representative Warrants and to authorize, issue and sell the Shares, the Representative Warrants and the Representative Warrant Shares as contemplated by this Agreement and the Representative Warrants.
The Representative Warrant Shares have been reserved for issuance.
The Shares and the Representative Warrant Shares have been approved for listing on the Nasdaq Capital Market (the “Exchange”), and the Company has taken no action designed to, or likely to have the effect of, delisting of the Shares or the Representative Warrants Shares from the Exchange, nor has the Company received any written notification that the Exchange is contemplating terminating such listing.
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 Option Shares pursuant to the Over-Allotment Option and Representative Warrant Shares pursuant to any exercise of the Representative Warrants.
If all or any portion of a Warrant or a Representative Warrant is exercised at a time when there is an effective registration statement to cover the issuance of the Warrant Shares or if the Warrant or Representative Warrant is exercised via cashless exercise, the Warrant Shares or the Representative Warrant Shares issued pursuant to any such exercise shall be issued free of all restrictive legends.
The Representative’s Warrants and the Representative Warrant Shares are hereinafter collectively referred to together as the “Representative’s Securities.” The Representative understands and agrees that there are significant restrictions pursuant to Rule 5110 of the Financial Industry Regulatory Authority, Inc.
The Representative Warrant Shares, when issued, paid for and delivered upon due exercise of the Representative Warrant, as applicable, will be duly and validly issued, will be fully paid and nonassessable, and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Representative Warrant Shares is not subject to any preemptive or similar rights.
The shares of common stock of the Company representing the Representative Warrant Shares have been reserved for issuance.
The Company has prepared and filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder (collectively, the “Securities Act”), a registration statement (File No. 333-267826), including a prospectus, relating to the Shares and the Representative Warrant Shares (as defined below).
The Securities, Representative Warrants and Representative Warrant Shares are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company.