Additional Stock definition
Examples of Additional Stock in a sentence
In the event that the Company issues or sells any equity securities (including warrants and securities convertible into equity securities) (“Additional Stock”), without consideration or for a consideration per share less than the Exercise Price, then the Exercise price shall forthwith be adjusted to the price at which the Company has issued or sold such Additional Stock.
If the Company shall declare a dividend or make any other distribution upon the Common Stock of the Company payable in shares of Additional Stock, such shares of Additional Stock, as the case may be, issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration.
If any shares of Additional Stock are issued in connection with any merger or consolidation of which the Company is the surviving corporation, the amount of consideration therefor shall be deemed to be the Fair Value of such portion of the assets and business of the non-surviving corporation as shall be attributable to such Additional Stock, as the case may be.
The product of the per share consideration and the number of shares of Additional Stock issued in connection with the corresponding Trigger Transaction shall hereinafter be referred to as the "Transaction Price".
The Diluted Price shall be calculated in accordance with the following formula for any issuance of Additional Stock in a transaction triggering the rights afforded in this Section 3(b) (the "Trigger Transaction").