Examples of Series H Warrants in a sentence
The Company accounted for the Series F Warrants relating to the 2017 Financing, the Series G Warrants relating to the 2018 Financing and the Series H Warrants relating to the 2019 Financing in accordance with ASC 815-10, Derivatives and Hedging.
Since the Company may be required to purchase its Series F, Series G and Series H Warrants for an amount of cash equal to $0.18, $0.11 and $0.0533, respectively for each share of Common Stock (“Minimum”) and the underlying Series F, Series G and Series H Warrants are not classified within stockholders’ equity (deficit), they are recorded as liabilities at the greater of the minimum or fair value.
As of June 30, 2021, up to 5,591,664, 6,802,500 and 8,615,384 shares may be acquired upon the exercise of the Series F, Series G and Series H Warrants, respectively.
This agreement terminates on the earlier of the date that the Series H Warrants and Series I Warrants are no longer outstanding or the date that the undersigned (or its permitted assigns) no longer hold any Series H Warrants or Series I Warrants.
During the nine months ended June 30, 2021 and 2020, no Series F, Series G and Series H Warrants had been exercised.