Maximum Discount to Market Price definition

Maximum Discount to Market Price means the closing market price on the day preceding the date on which the Listed Issuer issues a press release announcing a transaction or Files for price reservation, less a discount of 20%.
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Examples of Maximum Discount to Market Price in a sentence

  • Subject to section 10.10 of this Listing Manual, the private placement must not be priced lower than the Maximum Discount to Market Price.

  • AfDB, IFAD, BMGF, ACIAR, DFID, USAID, Netherlands, Italy, DANIDA, NORAD, CIDA, IRDC, BMZ, JICA - DANIDA, BMZ, ACIAR and IFAD preferred to make contributions through TBAs. Ghana, Nigeria, South Africa and Uganda have supported FARA in the form of one-time contributions.

  • Securities issued pursuant to a reverse take-over transaction will be subject to the Maximum Discount to Market Price, minimum pricing and other requirements detailed in sections 7.04 and 7.05 of this Listing Manual.

  • Securities may be issued as full or partial consideration at not less than the Maximum Discount to Market Price.

  • Subject to section 10.13(2), security holder approval is required where securities offered by way of rights offering are offered at a price greater than the Maximum Discount to Market Price.

  • Subject to section 10.14(2), security holder approval is required where securities offered by way of rights offering are offered at a price greater than the Maximum Discount to Market Price.

  • Subject to section 10.14 13(2), security holder approval is required where securities offered by way of rights offering are offered at a price greater than the Maximum Discount to Market Price.

Related to Maximum Discount to Market Price

  • Reset Price means the greater of (i) 50% of the Initial Exercise Price (as adjusted for share splits, share dividends, recapitalizations and similar events pursuant to Section 3(a) hereof) and (ii) 100% of the lowest VWAP occurring on any day between the Initial Exercise Date and ninety (90) calendar days following the Issuance Date; provided that the Reset Price shall in no event be less than a floor price of 50% of the Initial Exercise Price.

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.