Basic Subscription Rights Clause Samples
The Basic Subscription Rights clause grants existing shareholders the right to purchase additional shares in a new offering, typically in proportion to their current ownership. This means that if a company issues new shares, shareholders can buy more shares to maintain their percentage of ownership and avoid dilution. The clause ensures that current investors have the first opportunity to participate in new issuances, thereby protecting their investment and influence within the company.
Basic Subscription Rights. FULL Exercise A
Basic Subscription Rights. Enter the number of shares you intend to purchase under your Basic Subscription Rights. The maximum number of shares you may purchase on Basic Subscription appears on the front of the Subscription Agreement or can be calculated by multiplying the number of shares of Common Stock owned of record on the Record Date by 1.5325 and rounding up to the nearest whole number.
Basic Subscription Rights. Number of Shares subscribed for pursuant to the basic subscription privilege. Remember, you need one (1) subscription right to subscribe for one Share: ____________ x $_____ = $_______________ payment.
Basic Subscription Rights. (Subject to a limitation of number of Basic Shares shown above) Shares Subscription Subscribed Price Payment _________________ x $13.00 = $__________
Basic Subscription Rights. The Company may conduct a rights offering (the “Rights Offering”) pursuant to which the Company’s stockholders will have a first priority right to purchase up to three shares of the Company’s Common Stock for each share held as of a record date established in advance (“Basic Subscription Rights”), for the Subscription Price. {Clients/1482/00200660.DOC/4 } 21