Examples of Convertible Security in a sentence
A Replacement Convertible Security will be issued to each of the Investors (being Lind and CST).
Each of the Investors subscribed for one secured Convertible Security for AU$1,900,000 on identical terms (each has a face value of $2,280,000).The Company issued two (2) Convertible Securities on 25 July 2019 and the amount of AU$3,800,000 (before fees) was raised by the Company.
The face value of each Replacement Convertible Security is $2,280,000 (therefore, both of the Replacement Convertible Securities will have a combined face value of $4,560,000).
For purposes of this Section 10(b)(iii), if the terms of any Option or Convertible Security that was outstanding as of the Original Issuance Date are increased or decreased in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the shares of Common Stock deemed issuable upon exercise, conversion or exchange thereof shall be deemed to have been issued as of the date of such increase or decrease.