Examples of Class B Warrant in a sentence
The Class B Warrant Instruments have anti-dilution protection so that, in the event of further share issuances by the Company, the number of Ordinary Shares to which the holder of a Class B Warrant is entitled will be adjusted so that he receives the same percentage of the issued share capital of the Company (as nearly as practicable), as would have been the case had the issuances not occurred.
Each Class B Warrant represented hereby is exercisable at the option of the Registered Holder, but no fractional shares of Common Stock will be issued.
Each Class B Warrant entitles the holder to receive one Ordinary Share.
The exercise price of such Class B Warrant shall be equal to 150% of the exercise price of the Class A Warrant in effect at the time of such exercise, subject to reduction as described in the Class B Warrant.
Each Class B Warrant entitles the holder to acquire an additional Class B share at an exercise price of $0.05 per share for a period of 3 years.