Common use of Public Listing Clause in Contracts

Public Listing. If the Company, at any time while this Note is outstanding effects a public listing of Common Stock for trading on any market, whether through a direct listing application or merger transaction, at price per share of Common Stock which is below the Conversion Price, the Conversion Price shall be subject to a one-time adjustment to a 10% premium to such public listing price.

Appears in 3 contracts

Sources: Convertible Security Agreement (Emmaus Life Sciences, Inc.), Convertible Security Agreement (Emmaus Life Sciences, Inc.), Convertible Security Agreement (Emmaus Life Sciences, Inc.)