Net Warrant Shares definition

Net Warrant Shares means, with respect to each Warrant, an amount equal to the quotient obtained by dividing (i) product of (x) the Fair Market Value Per Share minus the per share exercise price of such Warrant, multiplied by (y) the aggregate number of shares of Digital Capital Stock issuable upon the exercise in full of such Warrant (and subsequent conversion of the Digital Preferred Stock to Digital Common Stock with respect to Warrants exercisable for Digital Preferred Stock), by (ii)
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Net Warrant Shares means a number of whole shares of Common Stock, and cash in lieu of any fractional share at the MP price (defined below), determined as described by the following formula: Net Warrant Shares = [WS x (MP-EP)]/MP. "WS" is the number of Warrant Shares issuable upon exercise of the Warrant or portion of the Warrant in question. "EP" shall mean the Exercise Price. "MP" is the Market Price of the Common Stock on the last trading day preceding the date of the request to exercise the Warrant. "Market Price" on any day shall mean the average of the closing prices on such day of the Common Stock on all domestic exchanges on which the Common Stock is then listed, or, if there shall have been no sales on any such exchange on such day, the average of the highest bid and lowest asked prices on all such exchanges at the end of such day, or, if the Common Stock shall not be so listed, the average of the representative bid and asked prices quoted in the NASDAQ National Market System as of 3:30 p.m., New York time, on such day, or if the Common Stock shall not be quoted in the NASDAQ National Market System, the average of the high and low bid and asked prices on such day in the domestic over-the-counter market as reported by the National Quotation Bureau, Incorporated, or any similar successor organization. Upon the exercise of the Warrant for Net Warrant Shares, the number of shares for which the Warrant is thereafter exercisable shall be reduced by the corresponding number of Warrant Shares determined in accordance with such formula (giving effect to any fractional Net Warrant Share).
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Net Warrant Shares means that number of shares of Company Stock which the holder of a Company Warrant is entitled after giving effect to a “Cashless Exercise” of such Company Warrant, as such term is defined in the Company Warrant.
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Examples of Net Warrant Shares in a sentence

  • The number of Net Warrant Shares deliverable upon such exercise will be determined by the following formula: Net Warrant Shares = [WS x (CP - EP)]/CP, where “WS” is the gross number of Warrant Shares as to which this Warrant is to be exercised; “CP” is the average market price of the Common Stock on the ten (10) trading days preceding the date of the request to exercise this Warrant; and “EP” shall mean the then applicable Exercise Price.

  • The Warrant Holder may pay the Exercise Price in cash, or by certified or official bank check or make a net exercise for Net Warrant Shares as described in the Warrant Agreement.

  • The Warrant Holders may pay the Exercise Price in cash, or by certified or official bank check or make a net exercise for Net Warrant Shares as described in the Warrant Agreement.

  • Upon exercise of this Warrant as aforesaid, the Company shall as promptly as practicable, and in any event within 3 business days thereafter, execute and deliver to the Holder a certificate or certificates for the total number of Warrant Shares or Net Warrant Shares for which this Warrant is being exercised, in such names and denominations as requested in writing by the Holder.

  • The Warrant Holder may pay the Exercise Price in cash, or by certified or official bank check or by reduction of the outstanding principal amount under the Credit Agreement, or make a net exercise for Net Warrant Shares as described in the Warrant Agreement.

  • The Warrant Holder may pay the Exercise Price in cash, or by certified or official bank check, or make a net exercise for Net Warrant Shares as described in the Warrant Agreement.

  • The Warrant Holder may (i) pay the Exercise Price in cash, by certified or official bank check payable to the order of Sheridan, or by the surrender to Sheridan of securities of Sheridan having a Market Price equal to the Exercise Price or (ii) make an exercise of Warrants for "Net Warrant Shares." The number of Net Warrant Shares will be determined as described by the following formula: Net Warrant Shares = [WS x (MP-EP)]/MP.

  • If this Warrant is exercised in part only, the Company shall, upon surrender of this Warrant, execute and deliver a new Warrant evidencing the rights of the Holder thereof to purchase the balance of the Warrant Shares or Net Warrant Shares issuable hereunder.

  • The Company shall pay any and all documentary stamp or similar issue taxes payable in respect of the issuance of the Warrant Shares or Net Warrant Shares.

  • Exercising this Warrant for the number of Net Warrant Shares to be determined as follows: Net Warrant Shares = [WS x (SP-EP)]/SP (the “ Net Warrant Shares”).


More Definitions of Net Warrant Shares

Net Warrant Shares shall have the meaning set forth in Section 2.8(b).
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Related to Net Warrant Shares

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Warrant Shares means the shares of Common Stock issuable upon exercise of the Warrants.

  • Warrant Stock means Common Stock issuable upon exercise of any Warrant or Warrants or otherwise issuable pursuant to any Warrant or Warrants.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Warrant Share means the Common Shares issuable upon the exercise of the Warrants.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Exercise Shares means the shares of Common Stock issuable upon exercise of this Warrant.

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Common Shares means the common shares in the capital of the Corporation;

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.