Reverse Split definition

Reverse Split has the meaning set forth in Section 5.21.

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 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

• On February 2, 2016, the Company's application for approval of the Reverse Split was filed and the Company reasonably expects that it will be completed by or before the end of February 2016.

• Any adjustment made pursuant to this Subsection shall, in the case of a Stock Dividend, become effective as of the record date therefor and, in the case of a Forward Split or Reverse Split, be made as of the effective date thereof.

• The Reverse Split, the Forced Conversion and the Automatic Reclassification are hereinafter referred to, collectively, as the “Recapitalization”.

• The Directors are authorized to abandon the Reverse Split set forth in this Plan of Recapitalization and Amendment at any time prior to the Effective Date, whether before or after approval of the Shareholders of the Corporation.Authorized and accepted on the date first above written by the Board of Directors.

• No fractional shares were issued in connection with the Reverse Split.

More Definitions of Reverse Split

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

Reverse Split means a reverse stock split of all outstanding shares of Parent Common Stock at a reverse stock split ratio in the range and at the time prior to Closing mutually agreed to by Parent and Company.

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 shall have the meaning set forth in Section 5.16.

Reverse Split has the meaning set forth in Section 4.2.1.

Reverse Split shall have the meaning set forth in Section 2.5 of this Agreement;

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.