PP Warrants definition

PP Warrants means the 10,000,000 Common Share purchase warrants issued inconnection with the First Private Placement, with each PP Warrant being exercisable at $0.10 per Common Share for a period of 24 months from the date of issuance;
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PP Warrants means common share purchase warrants issuable to the subscribers to the Private Placement, each warrant being exercisable into one Resulting Issuer Share for a period of two years at an exercise price of$0.50 per share;
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PP Warrants means the private placement warrants to acquire 24,109,936 Cannex Common Shares issued by Cannex by private placement on March 13, 2018.
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Examples of PP Warrants in a sentence

  • A total of$6.3 million was allocated to the 2019 PP Warrants liability based on their fair value determined using the trading price at the date of closing of the transaction and the remaining $5.1 million of the gross proceeds was allocated to the common shares and recorded as a share capital.

  • The gross proceeds were allocated $8.4 million to the fair value of the 2020 PP Warrants and $21.7 million to the common shares.

  • Transaction costs related to 2020 Private Placement amounted to $0.6 million, of which $0.1 million was allocated to the 2020 PP Warrants and was recognized as a finance cost in the statement of operations (Note 21).

  • A total of $21.7 million of the gross proceeds was allocated to the common shares and $8.4 million was allocated to the fair value of the 2020 PP Warrants.

  • Pursuant to a private placement of share purchase warrants of the Company (“PP Warrants”) that closed on February 3, 2021, the Company issued an aggregate of 15,150,000 PP Warrants at a price of $0.001 per warrant for gross proceeds of $15,150, with each PP Warrant being exercisable into one Common Share at a price of $0.20 per Common Share for a period beginning on the Listing Date and ending on the date that is two (2) years following the Listing Date.

  • During the three months period ended December 31, 2021, the Company received instructions to exercise 1,160,000 PP Warrants resulting in the issuance of an equal number of common shares and aggregate proceeds to the Company of $163 (equivalent to CAD$209).

  • If the Company fails to list its Common Shares on the Exchange within two years of the date of issuance of the PP Warrants, the PP Warrants will expire automatically on that date.

  • The Common Shares underlying the PP Warrants are subject to resale restrictions for a period of four months beginning on the Listing Date, with 20% of such resale restrictions being released each month, commencing on the Listing Date.

  • A total of $6.3 million was allocated to the 2019 PP Warrants liability based on their fair value determined using the trading price at the date of closing of the transaction and the remaining $5.1 million of the gross proceeds was allocated to the common shares and recorded as a share capital.

  • Transaction costs related to 2020 Private Placement amounted to $0.6 million, of which $0.1 million was allocated to the 2020 PP Warrants and was recognized as a finance cost in the statement of operations (Note 17).


More Definitions of PP Warrants

PP Warrants means the share purchase warrants of the Company issued pursuant to the private placement of the Company that closed on February 3, 2021, each exercisable into one Common Share at a price of $0.20 per Common Share for a period beginning on the Listing Date and ending on the date that is two (2) years following the Listing Date. If the Company fails to list the Common Shares on the Exchange within two years of the date of issuance of the PP Warrants, the PP Warrants will expire automatically on that date;
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Related to PP Warrants

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall vest and be exercisable ratably commencing on the exercise of the Series B Warrants held by the Purchaser (or its assigns) and have a term of exercise equal to 5 years from the date of issuance, in the form of Exhibit C attached hereto.

  • Series D Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years, in the form of Exhibit C attached hereto.

  • 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.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Parent Warrants means the outstanding warrants to purchase Parent Common Stock.

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

  • Initial Warrants means the warrants of the Company to purchase shares of Common Stock underlying the Initial Units issued and outstanding prior to the IPO.

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Book Entry Warrants means Warrants that are to be held only by or on behalf of the Depository;

  • Company Warrants means warrants to purchase shares of Company Common Stock.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

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

  • Special Warrants means the special warrants issued by the Company, at a price of $0.10 per Special Warrant, pursuant to the Special Warrant Private Placement and entitling the holder thereof to acquire, for no additional consideration, one Common Share pursuant to the terms and conditions in the Special Warrant Certificates; and

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.

  • 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.

  • Additional Warrants means such further warrants as may be required or permitted to be issued by the Company in accordance with Condition 5 (such further warrants to rank pari passu with the Original Warrants and for all purposes to form part of the same series), each such Additional Warrant entitling the holder thereof to subscribe for one (1) New Share at such price as may be determined in accordance with Condition 5, upon and subject to the Conditions;