Initial Purchaser Shares definition

Initial Purchaser Shares means the 3,311,438 shares of Series A Preferred held by Purchaser as of the Effective Date.
View Source
Initial Purchaser Shares means the [ ] [Insert the post-split number of shares held by Purchaser on Closing Date.] shares of Series A Preferred held by Purchaser as of the Effective Date.
View Source
Initial Purchaser Shares has the meaning set forth in Section 2.1(b)(ii).
View Source

Examples of Initial Purchaser Shares in a sentence

  • This Agreement will become effective on the date first written above and will continue until such date on which Purchaser and its affiliates together own less than 880,000 of the Initial Purchaser Shares, giving effect to any stock split, stock dividend or similar event.

  • The Company is issuing 110 shares of its Common Stock (the "Initial Purchaser Shares") to the Purchaser pursuant to a Common Stock Purchase Agreement of even date herewith (the "Purchase Agreement") and is granting the Purchaser an option to purchase an additional 55 shares of Common Stock (the "Purchaser Option Shares") pursuant to an Option Agreement of even date herewith (the "Option Agreement").

  • Subject to the terms of this Agreement, at the Initial Closing, (a) the Company will deliver the various certificates, instruments and documents referred to in Section 7.3(d) hereof, and a certificate representing the Initial Company Shares, and (b) Purchaser will deliver the various certificates, instruments and documents referred to in Section 7.2(d) hereof, and a certificate representing the Initial Purchaser Shares.

  • The Purchaser shall cause (a) the Purchaser Common Stock to remain listed at all times during the Interim Period, (b) the Initial Purchaser Shares to be listed as of the Initial Closing, and (c) the Secondary Purchaser Shares to be listed as of the Secondary Closing, in each case, on the Nasdaq Capital Market.


More Definitions of Initial Purchaser Shares

Initial Purchaser Shares means the [_______] [Insert the post-split number of shares held by Purchaser on Closing Date.] shares of Series A Preferred held by Purchaser as of the Effective Date.
View Source
Initial Purchaser Shares means the number of shares equal to the shares of Series A Preferred purchased by Purchaser pursuant to the SPA plus the Series A Preferred equivalent of any shares of Common Stock received by Purchaser upon conversion of the Series A Preferred so purchased (which equivalent number of shares of Series A Preferred will be equal to the product of (i) the total number of shares of Common Stock, if any, into which any such Series A Preferred has been converted, (ii) multiplied by the conversion price in effect at the time of conversion, and (iii) divided by $100).
View Source