Common use of Adjustments for Combinations Clause in Contracts

Adjustments for Combinations. If the outstanding Shares are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, then upon exercise of this Warrant, Holder shall receive the lesser total number and kind of securities to which Holder would have been entitled had Holder owned the Shares of record as of the date the combination or consolidation occurred, and the Warrant Price shall be proportionately increased.

Appears in 2 contracts

Sources: Warrant Agreement (Recruiter.com Group, Inc.), Warrant Agreement (Bridgeline Digital, Inc.)