Anti-Dilution Adjustment definition
Examples of Anti-Dilution Adjustment in a sentence
The Conversion Price is subject to Full Ratchet Anti-Dilution Adjustment.
For purposes of illustration, if the Notes are converted in a Series C Preferred Stock financing in which shares of Series C Preferred stock are sold at a price equal to the Series B Preferred Stock price, the conversion of the Notes would trigger no Anti-Dilution Adjustment, despite the Notes converting at eighty percent (80%) of the price per share of the Series C Preferred Stock issued in the financing.
The undersigned Company stockholders executing this Waiver, Consent, and Amendment hold the requisite number of Preferred Stock required to amend the Rights Agreement, waive the Anti-Dilution Adjustment, waive the Right of First Refusal, and provide the requisite consent pursuant to the Applicable Protective Provision.
Consent, Amendment to Investor Rights’ Agreement and Waiver of Anti-Dilution Adjustment and Right of First Refusal By: Name: Its: Endocyte, Inc.
The Company hereby covenants and agrees to include the approval of the Series F Anti-Dilution Adjustment Provisions (as defined in the Series F Certificate of Designations) as an item to be voted upon at the next annual meeting (the "Shareholders Meeting") of its shareholders (provided that Series F Shares remain outstanding at such time), and to recommend that the shareholders of the Company vote in favor of the approval of such provisions.