Adjustment Due to Dilutive Issuance. If, at any time when this Warrant is issued and outstanding, the Company issues or sells, or in accordance with this subsection (e) is deemed to have issued or sold, or otherwise disposes of or issues any shares of Common Stock for no consideration or for a consideration per share (before deduction of reasonable expenses or commissions or underwriting discounts or allowances in connection therewith) less than the Exercise Price then in effect (a “Dilutive Issuance”), then immediately upon the Dilutive Issuance, the Exercise Price will be reduced to the price of that Dilutive Issuance. For the avoidance of doubt, no adjustment pursuant to this subsection (e) shall adjust the number of shares underlying this Warrant. For purposes of determining the adjusted Exercise Price, the following will be applicable:
Appears in 5 contracts
Samples: NightFood Holdings, Inc., NightFood Holdings, Inc., NightFood Holdings, Inc.
