Examples of Reverse Stock Split Date in a sentence
Subject to Section 6(d), each share of Series A Preferred Stock shall be convertible, at any time and from time to time only after the Reverse Stock Split Date, at the option of the Holder thereof, into that number of shares of Common Stock determined by dividing the Stated Value of such share of Series A Preferred Stock by the Conversion Price.
Subject to Section 6(d), each share of Series B Preferred Stock shall be convertible, at any time and from time to time only after the Reverse Stock Split Date, at the option of the Holder thereof, into that number of shares of Common Stock determined by dividing the Stated Value of such share of Series B Preferred Stock by the Conversion Price.
Each share of Preferred Stock shall be convertible, at any time and from time to time from and after the Reverse Stock Split Date at the option of the Holder thereof, into that number of shares of Common Stock (subject to the limitations set forth in Section 6(d)) determined by dividing the Stated Value of such share of Preferred Stock by the Conversion Price.
For purposes of clarity, the Holder shall have the right to convert this Preferred Stock at any time and from time to time, including during the period between Reverse Stock Split Date and Adjustment Date, and to sell Common Stock and other securities of the Company at any time and from time to time, including during the period between Reverse Stock Split Date and Adjustment Date.
On the business day immediately following the Reverse Stock Split Date, the Company shall maintain a reserve from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as is required to fulfill its obligations in full under the Transaction Documents.