Warrant Ratio definition
Examples of Warrant Ratio in a sentence
At the Closing, the Company shall cause to be delivered to the Purchaser a Warrant to purchase a number of whole Warrant Shares determined by multiplying the number of Total Units set forth on the signature page by the Warrant Ratio and rounding up to the nearest whole number.
If there is a reallocation of Warrants as contemplated by Section 10.12(c) of the Reorganization Agreement, then a similar pro rata adjustment shall be made in the Warrant Ratio.
As of the date hereof, the Company and the Investor agree that the ratio of (i) the Black Scholes Value of the Series C Warrants and the Estimated Series D Warrants to be issued to Investor hereunder and (ii) the Black Scholes Value of the Nordic Warrants anticipated to be issued in the Interim Financing Transaction equals 5.5 (the "Warrant Ratio").
The "Per Share Working Capital Adjustment Amount" shall mean (A) the Working Capital Adjustment Amount, multiplied by (B) 1.0 minus the Warrant Ratio, with the result divided by (C) the number of shares of Target Common Stock outstanding immediately prior to the Effective Time (excluding any shares of Target Common Stock to be cancelled pursuant to Section 2.6(c)).
In the event Parent shall declare and pay a cash distribution, then the Subscription Price shall be reduced by an amount equal to the amount of cash distributed per share of Common Stock multiplied by the Warrant Ratio.
If, for any reason, including, without limitation, mistake, the aggregate number of shares subject to this Warrant and the Ball Warrant as of the Transaction Closing Date is more or less than 5% of the Fully-Diluted Base, this Warrant and the Ball Warrant shall automatically be deemed to be amended, in such respective amounts as shall maintain the Warrant Ratio, to decrease or increase such aggregate number of Shares so that it equals 5% of the Fully-Diluted Base.
Subject to the other provisions of this Article, the Warrant shall be converted into the right to receive (i) a number of shares of Acquiror Common Stock equal to (A) the Warrant Value divided by (B) the Acquiror Per Share Equity Value, and (ii) if the Working Capital Adjustment Amount is a positive number, a number of shares of Acquiror Common Stock equal to (A) the Working Capital Adjustment Amount, multiplied by (B) the Warrant Ratio, with the result divided by (C) the Acquiror Per Share Equity Value.
If, for any reason, including, without limitation, mistake, the aggregate number of shares subject to this Warrant and the Excalibur Warrant as of the Transaction Closing Date is more or less than 5% of the Fully-Diluted Base, this Warrant and the Excalibur Warrant shall automatically be deemed to be amended, in such respective amounts as shall maintain the Warrant Ratio, to decrease or increase such aggregate number of Shares so that it equals 5% of the Fully-Diluted Base.
Y is equal to 8,000,000 (eight million) warrants Z – is the Warrant Ratio which is equal to Y divided by X which is 0.16 warrants per $1 of credit support supplier by Warrantholder.