Purchase and Sale of the Units. Subject to the terms and conditions of this Agreement, at the Closing, each Investor shall severally, and not jointly, purchase, and the Company shall sell and issue to such Investor, such number of Units equal to the quotient resulting from dividing (i) the Subscription Amount for such Investor by (ii) the Purchase Price, rounded down to the nearest whole Share. The Warrants shall have an exercise price equal to $6.8423 per Warrant Share (subject to adjustment as provided in such Warrants).
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Samples: Securities Purchase Agreement (Molecular Templates, Inc.)
Purchase and Sale of the Units. Subject to the terms and conditions of this Agreement, at the Closing, each Investor shall severally, and not jointly, purchase, and the Company shall sell and issue to such Investor, such number of Units equal to the quotient resulting from dividing (i) the Subscription Amount for such Investor by (ii) the Purchase Price, rounded down to the nearest whole Share. The Warrants shall have an exercise price equal to $6.8423 [____] per Warrant Share (subject to adjustment as provided in such Warrants).
Appears in 1 contract
Samples: Securities Purchase Agreement (Threshold Pharmaceuticals Inc)
Purchase and Sale of the Units. Subject to the terms and conditions of this Agreement, at the Closing, each Investor shall severally, and not jointly, purchase, and the Company shall sell and issue to such Investor, such number of Units equal to the quotient resulting from dividing (i) the Subscription Amount for such Investor by (ii) the Purchase Price, rounded down to the nearest whole Share. The Warrants shall have an exercise price equal to $6.8423 [5.00]3 per Warrant Share (subject to adjustment as provided in such Warrants).
Appears in 1 contract
Samples: Securities Purchase Agreement (Threshold Pharmaceuticals Inc)
Purchase and Sale of the Units. Subject to the terms and conditions of this Agreement, at the Closing, each Investor shall severally, and not jointly, purchase, and the Company shall sell and issue to such Investor, such number of Units equal to the quotient resulting from dividing (i) the Subscription Amount for such Investor by (ii) the Purchase Price, rounded down to the nearest whole Share. The number of Warrant Shares contained in the Units shall be rounded up or down to the nearest whole number. The Warrants shall have an exercise price equal to $6.8423 0.39 per Warrant Share (subject to adjustment as provided in such Warrants).
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