Examples of Series M Warrants in a sentence
Pursuant to Section 4.1 of the Securities Purchase Agreement, dated as of February 7, 2017, by and among the Company and the investors party thereto, the Company has agreed to use its best efforts to keep a registration statement effective registering the issuance or resale of the shares of Common Stock issuable upon exercise of the Company’s Series M Warrants, during the term of the Series M Warrants.
In such situation the Company’s obligation to register the Registrable Warrant Shares shall be deferred only until the time when the Company’s obligation to register shares of its common stock owned or that could be acquired by Xxxx Capital and by the holders of such Series A Convertible Preferred Stock and such Series M Warrants upon conversion or exercise of such Ortec securities, would no longer be affected by the registration of the Registrable Warrant Shares.
This Certificate of Designation shall be deemed to be jointly drafted by the Company and all initial purchasers of the Series A Convertible Preferred Stock and Series M Warrants of the Company which is exercisable into Series D-2 Preferred Stock and shall not be construed against any person as the drafter hereof.
The initial number of shares of Common Stock reserved for exercise of this Warrant and the other Series M Warrants and each increase in the number of shares so reserved shall be allocated pro rata among the Holder and the holders of the other Series M Warrants, based on the number of shares of Common Stock issuable upon exercise of this Warrant (without regard to any limitations in exercise) issued to the Holder on the Issuance Date (the “Authorized Share Allocation”).
Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Series M Warrants shall be allocated to the Holder and the remaining holders of Series M Warrants, pro rata based on the shares of Common Stock issuable upon exercise of the Series M Warrants then held by such holders (without regard to any limitations on the exercise of the Series M Warrants).
This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns, including any subsequent purchasers of any of the Series M Warrants (but excluding any purchasers of Underlying Securities, unless pursuant to a written assignment by the Buyer).
The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Buyer, including, without limitation, by way of a Fundamental Transaction (as defined in the Series M Warrants) (unless the Company is in compliance with the applicable provisions governing Fundamental Transactions set forth in the Series M Warrants).
In September and October 2017, all 5,130,000 of these Series M Warrants were exercised, resulting in proceeds to the Company of$3.3 million.• On July 25, 2017, Gevo announced, in conjunction with Praj Industries Ltd.
Without limiting the preceding sentences, no ink-original Exercise Notice shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Exercise Notice form be required in order to exercise any portion of any of the Series M Warrants.
The aggregate gross purchase price for the Common Shares and the Series M Warrants to be purchased by the Buyer hereunder shall be $2,500,000 (the “Purchase Price”).