Pipe definition
Examples of Pipe in a sentence
For the avoidance of doubt, Dialectic hereby consents to the PIPE Transaction and waives any requirement for the Company to issue any Common Stock as a “Dilutive Issuance” under each of the Warrant and the Forbearance Warrant.
The Company shall have raised not less than the Minimum PIPE Proceeds in the PIPE Transaction.
The “Warrant Shares” shall, as of any date of determination, equal the number of shares of Common Stock equal to twelve percent (12%) of the aggregate number of shares of Common Stock issuable upon (i) conversion in full of the Notes and (ii) exercise in full of the PIPE Warrants, in each case determined in accordance with their respective terms and without regard to any limitations on conversion or exercise.
The number of Warrant Shares shall automatically adjust from time to time, without further action by the Company or the Holder, to reflect any change in the number of shares of Common Stock issuable under the Notes or the PIPE Warrants (including as a result of any adjustment to the applicable conversion price, exercise price or similar terms).