Examples of Reverse Split Amendment in a sentence
In addition, we have assumed that, prior to the issuance of shares of Common Stock pursuant to the Merger Agreement, the Reverse Split Amendment shall have been filed with the Secretary of State and become effective in accordance with the Merger Agreement and the General Corporation Law.
The effective date of the Plan shall the date the Reverse Split Amendment is filed with the Secretary of State of the State of Delware.
Prior to the Closing Date, Nesco shall have obtained all necessary authorization from its Board of Directors and security holders to effect a 1:20 split of its issued and outstanding common stock as soon as practicable following the Closing Date (the "Reverse Split"), including, without limitation, authorization to file the Reverse Split Amendment.
The Board is seeking stockholder approval of the Reverse Split Amendment Authorization but has determined to file such an amendment to the Amended and Restated Certificate of Incorporation only in the event it is necessary in order for NeoStem Common Stock to maintain its listing or relist with the NYSE Amex or any other exchange on which NeoStem Common Stock may then be listed or to list NeoStem Common Stock with any other exchange.
Except for the Reverse Split Amendment, the consummation of the transactions contemplated by this Agreement and the Rights Offering will not trigger the anti-dilution provisions or other price adjustment mechanisms of any outstanding rights, options, warrants, preemptive rights, conversion rights, rights of first refusal or similar rights for the purchase or acquisition from the Company of any securities of the Company.
The Company will, beginning on the date that the Reverse Split Amendment (as defined below) has been filed to the Secretary of State of the State of Delaware, reserve from its duly authorized capital stock a number of shares of Common Stock for issuance of the Underlying Shares.
The Company shall have caused the following documents to have been duly filed, executed and become effective under the laws of the State of Delaware, in the following order: (i) the Share Increase Amendment, (ii) the Reverse Split Amendment and (iii) the Certificate of Designation.
Pursuant to the Principal Stockholder Consent, EpiCept has obtained the necessary approval of its stockholders for the Conversion Amendment, the Reverse Split Amendment and the Amended and Restated Certificate of Incorporation and the Share Issuance.
Following the EpiCept Conversions and prior to the Effective Time, EpiCept shall effect a 1-for-4 reverse stock split of the outstanding EpiCept Common Stock by filing the Reverse Split Amendment with the Secretary of State of the State of Delaware.
Each share of Series B Preferred Stock shall be convertible, at any time and from time to time from and after the Reverse Split Amendment (as defined in the Purchase Agreement) has been filed to the Secretary of State of the State of Delaware , at the option of the Holder thereof, into a number of shares of Common Stock equal to the product of the Conversion Ratio (as defined below) and the number of shares of Series B Preferred Stock to be converted.