Number of Closing Shares definition

Number of Closing Shares means the number of shares of Company Common Stock to be issued to the Investor at the Closing pursuant to Section 2.1(a), which number shall be equal to the product obtained by multiplying (x) the quotient obtained by dividing (A) the product obtained by multiplying the Number of Status Quo Shares by 5.0% by (B) 0.95 by (y) the fraction obtained by dividing 410,000,000 by 460,000,000.
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Number of Closing Shares means the number of shares of Company Common Stock to be issued to the Investor at the Closing pursuant to Section 2.1(a) , which number shall be equal to the product obtained by multiplying (x) the quotient obtained by dividing (A) the product obtained by multiplying the Number of Status Quo Shares by 5.0% by (B) 0.95 by (y) the fraction obtained by dividing 410,000,000 by 460,000,000.
Sample 1

Examples of Number of Closing Shares in a sentence

  • Schedule 2.5 sets forth an illustrative example of the calculations of (a) the Number of Closing Shares under Section 2.1(a); (b) the Upper Benchmark and the Lower Benchmark (and the adjustments pursuant to Section 2.4(b) and 2.4(c)); and (c) the number of Warrant 1 Shares and the number of Warrant 2 Shares under Section 2.4(d).

  • Email: xxxxxxxxx@xxxx.xxx SCHEDULE A Schedule of Underwriters Name of Underwriter Corresponding Number of Closing Shares Closing Purchase Price Aegis Capital Corp.

  • Total Number of Closing Shares: Number of Option Shares: Public Offering Price per Share: Underwriting Discount per Share: Underwriting Non-Accountable Expense Allowance per Share: Proceeds to Company per Share (before expenses): $ Exhibit A Form of Lock-Up Agreement __________, 2019 Aegis Capital Corp.

  • Email: mxxxxxxxx@xxxx.xxx SCHEDULE A Schedule of Underwriters Name of Underwriter Corresponding Number of Closing Shares Closing Purchase Price Aegis Capital Corp.

  • The Constitution of South Africa recognises that everyone has a right to have access to sufficient food and water, and the state must take reasonable legislative and other measures within its available resources to achieve the progressive realisation of these rights.

  • Such a permit was to be requested from, and granted by, the Minister of Justice (Article 11 § 1 of the Act).

  • Provided that the conditions for disbursement set forth herein for making the Grant have been satisfied, the City shall disburse the Grant Funds to the Grantees.

  • SCHEDULE III Pricing Information Number of Closing Shares: 6,571,428 Number of Option Shares: 985,714 Public Offering Price per Closing Share and Option Share: $1.75 Underwriting Discount per Closing Share and Option Share: $0.1225 Proceeds to Company per Closing Share (before expenses): $1.6275 Proceeds to Company per Option Share (before expenses): $1.6275 SCHEDULE IV Permitted Section 5(d) Communications None.

  • MAXIM GROUP LLC For itself and as Representative of the several Underwriters listed on Schedule I By: _____________________________________ Name: _______________________________ Title: ________________________________ SCHEDULE I SCHEDULE OF UNDERWRITERS Underwriter Number of Closing Shares to be Purchased Number of Warrants to be Purchased Closing Purchase Price Maxim Group LLC Total ANNEX I Issuer-Represented General Free Writing Prospectus None.

  • Xxxxxxx Senior Vice President Principal amount of Notes to be purchased: $1,000,000.00 Number of Closing Shares to be purchased: 8,435 Aggregate purchase price of Notes and Closing Shares to be purchased: $1,000,000.00 Fee: $20,000.00, payable to TCW Shared Opportunity Fund II, L.P. by wire transfer to the bank account described below.

Related to Number of Closing Shares

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

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Number of Shares As specified in the placement notice substantially in the form attached to the Equity Distribution Agreement as Exhibit A (the “Placement Notice”) delivered by Counterparty to Dealer in respect of the Transaction; provided, however, that in the event that Dealer, in its commercially reasonable judgment, determines that it is unable (via the Agent) through commercially reasonable efforts to establish a commercially reasonable hedge position in such number of Shares in accordance with the Placement Notice in light of market liquidity conditions and/or the provisions of Section 3 of the Equity Distribution Agreement, the Number of Shares shall equal the aggregate number of Shares actually sold through the Agent acting as forward seller for Dealer (in connection with the establishment of a commercially reasonable hedge position) pursuant to the Equity Distribution Agreement during the period from and including the Trade Date through and including the Hedge Completion Date; provided further, however, that on each Settlement Date, the Number of Shares shall be reduced by the number of Settlement Shares settled on such date.

  • Remaining Shares shall have the meaning set forth in Section 2.03(a).

  • Number of Warrants For each Component, as provided in Annex A to this Confirmation. Warrant Entitlement: One Share per Warrant

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

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

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Coop Shares Shares issued by a Cooperative Corporation.

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

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

  • Target Shares means the common shares in the capital of Target;

  • Acquired Shares has the meaning set forth in the Recitals.

  • Original Shares means, when used in reference to any one or more Stockholders, the Shares held by such Stockholder on November 30, 2010, or any shares or other securities into which or for which such Shares may have been converted or exchanged in connection with any exchange, reclassification, dividend, distribution, stock split, combination, subdivision, merger, spin-off, recapitalization, reorganization or similar transaction.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Total Shares means (without double-counting), as of a particular date of determination, the algebraic sum of: (A) the Initial Shares, plus (B) the Additional Shares, minus (C) all Buyback Shares repurchased or redeemed between the Effective Date and such date of determination.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Purchaser Shares means the common shares in the capital of the Purchaser.