Examples of Warrant Preferred Shares in a sentence
The warrant agreement was amended on August 5, 2022, contemporaneously with the closing of the Merger, to convert the Warrant Preferred Shares to a warrant to acquire up to 2,889,282 Common Shares of the Company in accordance with the Conversion Ratio (as defined below).
The agreement was terminated November 28, 2022 and as a result, any unvested Warrant Preferred Shares will not vest and become exercisable.
As promptly as practicable but in any event within 10 Business Days of receipt of such Assignment Form, the Company shall, without charge, issue, register and deliver to the new holder (and the Holder, where applicable) new Warrant(s) of like kind and tenor representing in the aggregate the right to subscribe for the same number of Warrant Preferred Shares that could be subscribed for pursuant to the Warrants being transferred.
Approximately 40% of the Warrant Preferred Shares vested and became immediately exercisable on August 13, 2020.
Any partial exercise of a Warrant shall be for a whole number of Warrant Preferred Shares only.
Each Purchaser shall deliver to the Company, via wire transfer or a certified check, immediately available funds equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Debenture, Warrant, Preferred Shares, as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section2.2 deliverable at the Closing.
Without prejudice to the generality of the foregoing, the Company shall upon exercise (in whole or in part) of the Warrants from time to time on or before the Expiration Time allot and issue the Warrant Preferred Shares in accordance with the terms and conditions of this Agreement and the Subscription Agreement.
Recommendation 2: All identified election planning projects should be concluded by 30 June in the year prior to the conclusion of the four-year Legislative Council term or four months ahead of the fixed date for an election if this date is legislated by government.
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The fair value of the Warrant Preferred Shares at the date of issuance was determined to be $1.1 million.