Examples of Subsequent Sale Shares in a sentence
For avoidance of doubt, the Company may elect such Cash-Out Option in the event that, inter alia, the number of Protective Warrant Shares plus the number of First Sale Shares and Subsequent Sale Shares exceeds the number of shares registered pursuant to Section 1.1(a) of the Registration Rights Agreement.
Headings................................................22 Section 12.10.
Following each Sale Notice, the Company shall promptly provide the Investor with a written schedule stating as of such applicable Sale Notice Date (i) the total number of shares of Outstanding Common Stock, (ii) the number of Subsequent Sale Shares issuable with respect to the applicable Closing, (iii) the number of First Sale Shares issued, (iv) the number of Protective Warrant Shares issued or issuable, if any, and (v) the number of Incentive Warrant Shares issued or issuable, if any.
On the Closing Date relating to each Subsequent Sale, the Company shall issue and sell and the Investor shall purchase such number of shares of Common Stock for an Investment Amount, stated in the applicable Sale Notice, not to exceed 2.00 times the average of the Daily Trading Values during the 22 Trading Day period immediately preceding the Sale Notice Date (each such transaction is referred to herein as a "Subsequent Sale," and all such shares are referred to herein as the "Subsequent Sale Shares").
As at the date of this announcement, it is expected that the acquisition of the Fourth Phase Subsequent Sale Shares by the Seller from Qingdao Changsheng will not constitute a notifiable transaction under Chapter 14 of the Listing Rules.
Following each Sale Notice, the Company shall promptly provide the Investor with a written schedule stating as of such applicable Sale Notice Date (i) the total number of shares of Outstanding Common Stock, (ii) the number of Subsequent Sale Shares issuable with respect to the applicable Closing, (iii) the number of First Sale Shares issued, if any, (iv) the number of Protective Warrant Shares issued or issuable, if any, and (v) the number of Incentive Warrant Shares issued or issuable, if any.
The issuance and sale of the Preferred Stock and the Subsequent Sale Shares, the issuance of the Warrants, the issuance of the Warrant Shares pursuant to exercise of the Warrants and the issuance of the Conversion Shares upon conversion of the Preferred Stock, shall be made in accordance with the provisions and requirements of Regulation D and any applicable state law.
As at the Latest Practicable Date, it is expected that the acquisition of the Fourth Phase Subsequent Sale Shares by the Seller from Qingdao Changsheng will not constitute a notifiable transaction under Chapter 14 of the Listing Rules.
Each Sale Notice shall provide the Investor with the following information as of the applicable Sale Notice Date: (i) the total number of shares of Outstanding Common Stock, (ii) the number of Subsequent Sale Shares issuable with respect to the applicable Closing, and (iii) the number of shares of Commitment Shares issued pursuant to previous Sales.