VWAP Reset. If on the twenty-first trading day following the date that is six months after the Effective Date, the VWAP (the “Measurement Price”) is less than the Conversion Price then in effect, then the Conversion Price then in effect shall be reduced to an amount equal to the greater of (i) the Measurement Price and (ii) $7.50.
Appears in 3 contracts
Sources: Securities Purchase Agreement (Spring Valley Acquisition Corp. II), Securities Purchase Agreement (Spring Valley Acquisition Corp. II), Securities Purchase Agreement (Spring Valley Acquisition Corp. II)
VWAP Reset. If on the twenty-first trading day Trading Day immediately following the date that is six months after the Effective Closing Date, the VWAP for the twenty-day trading period commencing on the day that is six months after the Closing Date (the “Measurement Price”) is less than the Conversion Price then in effect, then the Conversion Price then in effect shall be reduced to an amount equal to the greater of (i) the Measurement Price and (ii) $7.505.00.
Appears in 2 contracts
Sources: Business Combination Agreement (Spring Valley Acquisition Corp. III), Business Combination Agreement (Spring Valley Acquisition Corp. III)
VWAP Reset. If on the twenty-first trading day following the date that is six months after the Effective Closing Date, the VWAP (the “Measurement Price”) is less than the Conversion Price then in effect, then the Conversion Price then in effect shall be reduced to an amount equal to the greater of (i) the Measurement Price and (ii) $7.50.
Appears in 2 contracts
Sources: Business Combination Agreement (Inflection Point Acquisition Corp. II), Securities Purchase Agreement (Inflection Point Acquisition Corp. II)
VWAP Reset. If on the twenty-first trading day following the date that is six months after the Effective Closing Date, the VWAP (the “Measurement Price”) is less than the Conversion Price then in effect, then the Conversion Price then in effect shall be reduced to an amount equal to the greater of (i) the Measurement Price and (ii) $7.505.00.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Inflection Point Acquisition Corp. Iv), Securities Purchase Agreement (Inflection Point Acquisition Corp. Iv)
VWAP Reset. If on the twenty-first 46th trading day following the date that is six months after the Effective Closing Date, the VWAP (the “Measurement Price”) is less than the Conversion Price then in effect, then the Conversion Price then in effect shall be reduced to an amount equal to the greater of (i) the Measurement Price and (ii) $7.508.00. In addition, if on the 46th trading day following the date that is nine months after the Closing Date, the VWAP (the “Second Measurement Price”) is less than the Conversion Price then in effect, then the Conversion Price then in effect shall be reduced to an amount equal to the greater of (i) the Second Measurement Price and (ii) $6.00.
Appears in 1 contract