Examples of Third Private Placement in a sentence
Third Private Placement On May 3, 2021, the Company entered into the Third Securities Purchase Agreement, with a subsidiary of Innoviva, pursuant to which the Company agreed to issue and sell to Innoviva up to 10,000,000 newly issued shares of common stock of the Company at $2.00 per share and warrants to purchase up to 10,000,000 shares of common stock, each with an exercise price per share of $2.00.
Application is made to the LuxSE for admission of 6 125 000 of the Third Private Placement Shares on the official list of the LuxSE and to trading on the Euro MTF market after the closing date of the Second Private Placement, with effect from the commencement of trade on 20 November 2015 or as soon as practicable thereafter.
Following the implementation of the Third Private Placement and listing, Redefine International PLC holds 10.87%, Southern Sun Africa Limited holds 12.14% and Redefine Properties holds 28.57% of the issued share capital of the company.
Securities that could potentially dilute basic earnings per share for the nine-month period ended September 30, 2021, that were excluded from the computation of diluted earnings per share because to do so would have been antidilutive, were the unexercised, as of September 30, 2021, Third Private Placement Warrants, calculated in accordance with the treasury stock method.
Between their issuance date and September 30, 2021, there were no exercises of the Third Private Placement Warrants and, as a result, as of September 30, 2021, 19,230,770 Third Private Placement Warrants remained unexercised and potentially issuable into common stock of the Company.
Other than the issue of the 12 350 000 shares pursuant to the First Private Placement, the 13 875 000 shares issued pursuant to the Second Private Placement, and the 6 125 000 shares issued pursuant to the Third Private Placement, no other issues, repurchases or offers of securities of the company since the date of the Original Prospectus and the details in Annexure 20 paragraph 5 remain unchanged.
Application has been made to the JSE for the approval of the listing of up to approximately 6 125 000 shares after the closing date of the Third Private Placement, with effect from the commencement of trade on 20 November 2015 or as soon as practicable thereafter.
The exercise price of the 2021 Third Private Placement Warrants is subject to appropriate adjustment in the event of certain stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting the Company’s common shares and also upon any distributions of assets, including cash, stock or other property to existing shareholders.
The 2021 Third Private Placement Warrants issued in the 2021 Third Registered Direct Equity Offering have a term of five years and are exercisable immediately and throughout their term for $6.50 per common share (American style option).
Equity Capital Structure (continued): 2021 Third Registered Direct Equity Offering On April 5, 2021, the Company entered into agreements with certain unaffiliated institutional investors pursuant to which it offered and sold 19,230,770 common shares and warrants to purchase up to 19,230,770 common shares (the “2021 Third Private Placement Warrants”) in a registered direct offering or the 2021 Third Registered Direct Equity Offering.