First Tranche Warrants definition

First Tranche Warrants is defined in the Recitals.
First Tranche Warrants means Warrants to be issued by the Company to the Investors representing
First Tranche Warrants has the meaning set forth in the Recitals.

Examples of First Tranche Warrants in a sentence

  • Each Certificate representing any Warrant will bear (1) a unique registration number that is not affixed to any other Certificate representing any other outstanding Warrant; and (2) an indication whether the Warrant(s) represented by such Certificate constitute First Tranche Warrants or Second Tranche Warrants.

  • For the avoidance of doubt, the number of Underlying Shares of each of the First Tranche Warrants and the Second Tranche Warrants is subject to adjustment pursuant to Section 5(g)(i)(6).


More Definitions of First Tranche Warrants

First Tranche Warrants means 2,738,700 warrants, each warrant entitling the holder to purchase one Borrower Share for a purchase price of Cdn. $0.91 per share for a period of 24 months from the Closing Date, substantially in the form annexed hereto as schedule A.
First Tranche Warrants means the Warrants to be issued by the Company to the
First Tranche Warrants means warrants, substantially in the form attached hereto as Exhibit B, to purchase an aggregate number of ADSs equal to the quotient obtained by dividing (i) the product of (A) 0.85 and (B) the First Tranche Note Amount by (ii) the First Tranche Conversion Price, rounded to the nearest whole number, at an exercise price per ADS initially equal to 125% of the First Tranche Conversion Price as in effect at the time of exercise.
First Tranche Warrants means the warrants to purchase shares of Common Stock in the form attached hereto as Exhibit J.
First Tranche Warrants has the meaning set forth in Section 3(a).

Related to First Tranche Warrants

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.