Common use of Reverse Share Split Clause in Contracts

Reverse Share Split. If at any time this Warrant is outstanding and the Company receives notice from the Trading Market that the Company is failing to satisfy the Trading Market’s minimum bid price requirement (the “Trigger Date”), then the Company shall take all necessary steps to obtain the necessary consents and approvals to undertake a reverse share split after such Trigger Date and shall, prior to the effectiveness of any delisting notice issued by the Trading Market, effect such reverse share split.

Appears in 17 contracts

Sources: Ordinary Share Purchase Warrant (Australian Oilseeds Holdings LTD), Warrant Agreement (Energys Group LTD), Warrant Agreement (Energys Group LTD)