SVB Warrants definition

SVB Warrants means the warrants issued by the Company to Silicon Valley Bank pursuant to a warrant instrument dated 20 January 2021.

SVB Warrants means, collectively, (a) that certain warrant exercisable into up to 211,642 (subject to certain adjustment described therein) shares of Company Common Shares, issued to Silicon Valley Bank (and subsequently transferred to SVB Financial Group) on July 9, 2021 and (b) that certain warrant exercisable into up to 211,641 (subject to certain adjustment described therein) shares of Company Common Shares, issued to SVB Innovation Credit Fund VIII, L.P. on July 9, 2021.

SVB Warrants means those certain warrants to purchase 5,000 shares of Series C Preferred Stock issued to Silicon Valley Bank on November 4, 2002; and

Examples of SVB Warrants in a sentence

• The holders of the SVB Warrants may elect, in lieu of exercising the SVB Warrants for cash, a cashless exercise option, in whole or in part, to receive common shares equal to the fair value of the SVB Warrants based on the number of SVB Warrants to be exercised multiplied by a five-day weighted average market price less the exercise price with the difference divided by the weighted average market price.

• Additionally, the SVB Warrants contain provisions which require the Company to redeem the SVB Warrants, on a cashless basis, at the option of the holder, in the event of a major transaction, such as a change of control or sale of the Company’s assets (“Acquisition”) where the Company’s shareholders receive cash or shares or a combination thereof, and the five-day weighted average market price is greater than the exercise price.

• On issuance of the SVB Warrants, the Company recorded a derivative liability of $167,022 using the Black-Scholes model.

• SVB Warrants In connection with the $8,000,000 draw on the SVB Term Loan (Note 7), the Company granted an aggregate of 7,477 warrants to SVB (the “SVB Warrants”), exercisable at a price of $42.80 per share for a period of seven years until November 18, 2023.

• SVB Warrants In connection with the $8,000,000 draw on the SVB Term Loan (Note 7), the Company granted an aggregate of 149,532 warrants to SVB (the “SVB Warrants”), exercisable at a price of $2.14 per share for a period of seven years until November 18, 2023.

More Definitions of SVB Warrants

SVB Warrants shall be amended in its entirety and, from and after the date hereof, shall mean any warrants issued or which may be issued to Silicon Valley Bank to purchase up to 10,000 shares (subject to adjustment for stock splits, dividends, reclassifications, exchanges, combinations or substitutions) of Series C Preferred Stock (including but not limited to those certain warrants to purchase 5,000 shares of Series C Preferred Stock issued to Silicon Valley Bank on November 4, 2002 and those certain warrants to purchase 5,000 shares of Series C Preferred Stock issued to Silicon Valley Bank on December 31, 2003); and

SVB Warrants means, taken together, the warrant to purchase Series A Preferred Stock issued to SVB on June 28, 2001 and the warrants to purchase Series C Preferred Stock issued to SVB on June 24, 2004 and March 10, 2005; and

SVB Warrants means those certain warrants dated July 1, 2010 and June 30, 2011, used to SVB.”

SVB Warrants means, collectively, that certain (i) Warrant to Purchase Stock, dated as of November 30, 2021, between the Company and SVB, pursuant to which SVB has the right to purchase up to19,520 Company Common Shares at an exercise price per share of $0.20 and (ii) Warrant to Purchase Stock, dated as of April 26, 2019, between the Company and SVB, pursuant to which SVB has the right to purchase up to 58,614 Company Common Shares at an exercise price per share of $0.01.

SVB Warrants means the Warrant to Purchase Common Stock, by and between the Company and Silicon Valley Bank, dated as of March 29, 2017, and the Warrant to Purchase Common Stock, by and between the Company and Silicon Valley Bank, dated as of May 2, 2018.

SVB Warrants means those warrants for the purchase of Series E-1 Preferred Stock issued by the Company on January 1, 2012 and April 30, 2012.

SVB Warrants shall be amended in its entirety and, from and after the date hereof, shall mean any warrants issued or which may be issued to SVB to purchase up to 10,000 shares (subject to adjustment for stock splits, dividends, reclassifications, exchanges, combinations or substitutions) of Series C Preferred Stock (including but not limited to those certain warrants to purchase 5,000 shares of Series C Preferred Stock issued to SVB on November 4, 2002 and those certain warrants to purchase 5,000 shares of Series C Preferred Stock issued to SVB on December 31, 2003); and