Examples of Sponsor Warrant Shares in a sentence
The Remaining Warrants shall continue to represent a right to purchase a number of shares of Common Stock equal to the Number of Sponsor Warrant Shares as in effect immediately before the Spin-Off, and the Spin-Off Warrants shall represent a right to purchase the number of shares or other equity interests the Registered Holder(s) would have received had the Registered Holder(s) exercised its Sponsor Warrants in full immediately prior to the Spin-Off.
Upon every adjustment to the Warrant Price, the Company shall give written notice thereof to the Warrant Agent, which notice shall state, as applicable, the Warrant Price resulting from such adjustment and the increase ordecrease in the Number of Sponsor Warrant Shares purchasable at such price upon exercise of the Sponsor Warrants, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.
Except as provided otherwise in this Agreement, references to the Sponsor Warrants shall include both whole and fractional Sponsor Warrants.A Registered Holder shall indicate whether it intends to exercise their Sponsor Warrants in part or in whole by indicating the number of Sponsor Warrant Shares for which the Sponsor Warrants are to be exercised (with respect to each such exercise, the Exercise Shares) on the subscription form set forth in the Sponsor Warrants (the Subscription Form).
Upon the transfer of a whole Sponsor Warrant held by a Registered Holder prior to the initial determination of the total Number of Sponsor Warrant Shares issuable, pursuant to Section 3.1, a new whole Sponsor Warrant shall be issued and the old Sponsor Warrant shall be cancelled by the Warrant Agent.
Accordingly, Plaintiff hereby brings claims against SCANA and certain of the Company’s senior executives that exercised control over the Company during the Class Period.
The Company shall not be obligated to issue any Sponsor Warrant Shares unless the Common Stock issuable upon such exercise has been registered, qualified or deemed to be exempt from registration or qualification under applicable securities laws (including by way of a private placement, if applicable).
Upon such adjustments in Section 4, the Number of Sponsor Warrant Shares (Adjusted) (as determined by Section 4) will become the Number of Sponsor Warrant Shares, and Section 4 will apply to successive adjustments to the Number of Sponsor Warrants.
Any such fractional Sponsor Warrant shall be exercisable for that number of Sponsor Warrant Shares equal to the percentage reflected in the Warrant Register and on the physical certificate for such fractional Sponsor Warrant, multiplied bythe number of total Sponsor Warrant Shares as to be determined pursuant to Section 3.1, and subject to the adjustments provided in Section 4 hereof and the last sentence of Section 3.1.
If the Number of Sponsor Warrant Shares issuable, as determined pursuant to Section 3.1 of this Agreement and as adjusted pursuant to this Section 4, upon full exercise, includes a fractional interest in a share of Common Stock, the Company shall, upon such exercise, round down to the nearest whole number the Number of Sponsor Warrant Shares issuable.
Upon the transfer of a portion of a Sponsor Warrant held by a Registered Holder, new Sponsor Warrants representing the corresponding amounts of Sponsor Warrant Shares issuable in respect of such portions shall be issued to the transferor and transferee(s).