Warrant Exchange Ratio definition

Warrant Exchange Ratio means the ratio of (a) the sum of (i) the Exchange Ratio multiplied by the closing sales price of a share of Acquiror Common Stock on the NASDAQ Global Select Market on the last trading day immediately preceding the Closing Date, plus (ii) the Cash Consideration, divided by (b) the closing sales price of a share of Acquiror Common Stock on the NASDAQ Global Select Market on the last trading day immediately preceding the Closing Date.

Warrant Exchange Ratio shall be equal to the quotient obtained by dividing (i) 5,125,000 shares of Parent Common Stock by (ii) the Fully-Diluted Company Stock. The “Warrant Exercise Price” shall be equal to $6.79. Unless the context otherwise requires, all references in this Agreement to “Parent Common Stock” shall be deemed to also refer to the associated Rights.

Warrant Exchange Ratio means (i) the Warrant Consideration Shares, divided by (ii) 441,176.

Examples of Warrant Exchange Ratio in a sentence

• Yes, the warrants that are issued to the Pershing Square Funds upon exercise of the Forward Purchase Agreements will be deemed to have been exchanged in the Warrant Exchange Ratio in return for PSTH shares on the same terms as the 1/9th Distributable Redeemable Warrants.

• The exercise price per share of Intercardia Common Stock (rounded down to the nearest cent) issuable under each Replacement Warrant will equal the per share exercise price of the corresponding Transcell Warrant divided by the Warrant Exchange Ratio.

• Each “Parent Unit” shall consist of (i) that fraction of a share of Parent Common Stock equal to the Stock Exchange Ratio and (ii) that fraction of a Warrant equal to the Warrant Exchange Ratio, and the per Parent Unit exercise price for each such assumed Company Warrant shall be equal to the exercise price of such Company Warrant immediately prior to the Effective Time.

• The provision does not provide for the criminalisation of the possession of equipment that could be used for counterfeiting or similar crimes, as it would in practice often prove difficult to establish a sufficiently strong link between the mere possession of equipment, that could theoretically be used for counterfeiting, and the actual activity of counterfeiting or similar crimes.

• The TapImmune Board of Directors has received an opinion of Nomura Securities International, Inc., the financial advisor to TapImmune, dated as of May 14, 2018, to the effect that, subject to the assumptions and limitations set forth therein, the Stock Exchange Ratio and Warrant Exchange Ratio are fair, from a financial point of view, to TapImmune.

More Definitions of Warrant Exchange Ratio

Warrant Exchange Ratio shall equal 0.24755;

Warrant Exchange Ratio means equals (Cash Consideration + (Stock Consideration x CIBER Closing Stock Price))divided by CIBER Closing Stock Price.

Warrant Exchange Ratio means the ratio (rounded to six decimal places) equal to the quotient obtained by dividing (i) the Merger Consideration Warrant Count by (ii) the Company Outstanding Shares.

Warrant Exchange Ratio shall be determined by dividing $8.75 by the Initial Market Price. The exercise price per share of Intercardia Common Stock (rounded down to the nearest cent) issuable under each Replacement Warrant will equal the per share exercise price of the corresponding Transcell Warrant divided by the Warrant Exchange Ratio. Exhibit 4.1 sets forth, with respect to Transcell Warrants as of the date hereof, the number of underlying shares of Series B Preferred Stock and the exercise price thereof.

Warrant Exchange Ratio means, subject to Section 1.5(g), the following ratio (calculated to eight decimals): the quotient obtained by dividing (a) the TapImmune Outstanding Warrants/Options by (b) the Marker Outstanding Shares. This Voting and Lock-Up Agreement (this “Agreement”) is made and entered into as of May 15, 2018, between TapImmune Inc., a Nevada corporation (“TapImmune”), and the Persons whose names appear on the signature pages hereto (each such Person, a “Stockholder” and, collectively, the “Stockholders”), who together hold approximately 86% of the issued and outstanding shares of Common Stock of Marker. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement (as defined below).

Warrant Exchange Ratio has the meaning specified in Section 3.09(a)(iii).

Warrant Exchange Ratio means 0.03429089.