BBNA Warrants definition

BBNA Warrants means those warrants of BBNA to purchase up to an aggregate of 10,000,000 BBNA Shares with a Series A of 2,000,000 warrants at a warrant exercise price of $0.50 per share; with a Series B of 2,000,000 warrants at a warrant exercise price of $0.50 per share; with a Series C of 2,000,000 warrants at a warrant exercise price of $0.75 per share; with a Series D of 2,000,000 warrants at a warrant exercise price of $1.00 per share; with a Series E of 2,000,000 warrants at a warrant exercise price of $1.25 per share.
Sample 1

Examples of BBNA Warrants in a sentence

  • In the absence of misconduct, deceit, fraud or extreme recklessness, the market manipulation defined at 18 C.F.R. § 1c.2 cannot rightfully be inferred merely from knowing or intentional behavior or from a purposeful scheme or strategy evidencing otherwise legitimate objectives.

  • The issuance of the BBNA Warrants were issued in a manner exempt from registration under the 1933 Act pursuant to Section 1145 of the Bankruptcy Code, and the transfer of the BBNA Warrants and the issuance of the BBNA Shares upon exercise of the BBNA Warrants shall be freely-transferrable without registration.

  • Upon the consummation of the Merger, OTEC Stockholders will own not less than 95% of the BBNA Shares, on a fully diluted basis (but excluding the dilution of the BBNA Warrants and of BBNA Shares into which the BBNA Warrants may be exercised).

  • The BBNA Shares underlying the BBNA Warrants have been duly and validly reserved for issuance.

  • The BBNA Shares to be issued to the OTEC Stockholders upon consummation of the Transaction in accordance with this Agreement will, upon issuance, have been duly and validly authorized and, when so issued in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and non-assessable, The BBNA Warrants have been duly and validly authorized and issued and are binding commitments of BBNA.

  • As of the date of this Agreement, there are issued and outstanding: (i) 11,170,000 BBNA Shares; and (ii) the BBNA Warrants.

  • Upon the consummation of the Merger, OTEC Stockholders will own not less than 95% of the BBNA Shares on a fully diluted basis (but excluding the dilution of the BBNA Shares underlying the BBNA Warrants).

  • The BBNA Warrants, in substantially the form of Exhibit B annexed hereto and made a part hereof, shall be outstanding and held by the Warrant Holders.

  • The BBNA Shares underlying the BBNA Warrants, when issued in accordance with the BBNA Warrants, will be duly and validly issued, fully paid and non-assessable.

Related to BBNA Warrants

  • SPAC Warrants means the SPAC Public Warrants and the SPAC Private Placement Warrants.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Series D Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years, in the form of Exhibit C attached hereto.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Parent Warrants shall have the meaning assigned to it in Section 1.7(c) hereof.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Company Warrants means warrants to purchase shares of Company Common Stock.

  • Initial Warrants means the warrants of the Company to purchase shares of Common Stock underlying the Initial Units issued and outstanding prior to the IPO.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.