Reverse Split definition

Reverse Split has the meaning set forth in Section 5.21.

Reverse Split shall have the meaning ascribed to such term in Section 4.11(a).

Reverse Split means the one-for-two reverse split of the Stock authorized by the Board of Directors prior to the initial adoption of the Plan.

Examples of Reverse Split in a sentence

• The Company shall promptly (and in any event within one (1) day) notify Buyer in writing after becoming aware of any Action commenced against the Company and/or its officers or directors relating to the Merger, the Reverse Split or the other transactions contemplated by this Agreement, and shall keep Buyer reasonably informed with respect to the status thereof.

• At or prior to the First Effective Time, the Company shall file an amendment to the Company Charter, in form and substance reasonably acceptable to Buyer, to effect the Reverse Split.

• Convertible Warrants shall automatically convert into an aggregate of 97,009,341 and 30,293,447shares, respectively, of Series A Common Stock; which in turn shall, after giving effect to the Reverse Split and to the adjustment for the issuance of the Vested Shares, shall result in the issuance of 30,370,613 and 9,483,938 shares of Delaware Parent Common Stock, respectively.

• As a result, the total outstanding Parent Ordinary Shares outstanding after giving effect to the Revised Forward Split and the Reverse Split, and immediately prior to the Domestication, shall be decreased from 189,265,804 to 47,316,451.

• The Company agrees to file with the SEC a registration statement on Form S-3 or Form S-1 (or, if Form S-3 or Form S-1 is not available, on another appropriate form) covering the resale of the shares of Common Stock underlying the Notes and Note Warrants (the “Registrable Securities”) as soon as practicable following the completion of the Reverse Split.

More Definitions of Reverse Split

Reverse Split shall have the meaning set forth in Section 5.16.

Reverse Split means a reverse stock split of the Company’s outstanding shares of Common Stock in a ratio of up to One to One Hundred (1:100), which has been approved by a majority of the Company’s voting shares (which includes the voting rights of the Preferred Stock) subsequent to a validly filed Schedule 14A or Schedule 14C Information Statement filing.

Reverse Split means a one-for-20 reverse split of the Common Stock which shall have the effect of reducing the outstanding shares of Common Stock but which shall not affect the number of shares of Common Stock the Company is authorized to issue.

Reverse Split means a reverse split of the Company's shares of Common Stock in a ratio between one-for-three and one-for-five effected by the Company on or before the consummation of the Reverse Merger.

Reverse Split has the meaning set forth in Section 4.2.1.

Reverse Split means a reverse stock split of all outstanding shares of Company Common Stock, in a ratio approved by the Company Stockholders and as recommended by the Company’s Board and within the range set forth on Section 1.1(c) of the Company Disclosure Schedule (and in any event, such finally determined ratio shall be subject to the consent of Buyer, such consent not to be unreasonably withheld, conditioned or delayed), that is effected by the Company prior to the First Effective Time pursuant to which, among other things, any remaining fractional shares of Company Common Stock held by a holder of Company Common Stock (determined after determining the whole number of shares of Company Common Stock held by such holder, if any) after giving effect to the Reverse Split will be automatically exchanged for (a) such holder’s Pre-Reverse Split Pro Rata Share of the Reverse Split Fractional Share Cashout Amount (to be paid to the holders of such fractional shares after the Closing) and (b) the right to receive, upon execution of the CVR Agreement at Closing, one (1) CVR for each share of Company Common Stock that was converted into a fractional share (and not aggregated into a whole number of shares held by the applicable holder) pursuant to the Reverse Split.

Reverse Split means the 1 for 35 reverse stock split of the Common Stock effected on September 20, 2023.