Pre-Funded Unit definition
Examples of Pre-Funded Unit in a sentence
Each Purchaser acknowledges that, concurrently with the Closing and pursuant to the Prospectus, the Company may sell up to $[___] of additional Units to purchasers not party to this Agreement, less the aggregate Subscription Agreement to this Agreement, and will issue to such purchasers such shares of Common Stock, Common Warrants and/or Pre-Funded Warrants in the same form as the same Common Unit Purchase Price or Pre-Funded Unit Purchase Price.
The purchase price (net of discount and commissions) to be paid for each Option Pre-Funded Warrant will be the same Purchase Price (net of discount and commissions) allocated to each Pre-Funded Unit, minus $0.01.
Each Purchaser acknowledges that, concurrently with the Closing and pursuant to the Prospectus, the Company may sell up to $________ of additional Units to purchasers not party to this Purchase Agreement, and will issue to each such purchaser such additional Common Shares and Common Warrants or Pre-Funded Warrants and Common Warrants in the same form and at the same Common Unit Purchase Price or Pre-Funded Unit Purchase Price.
Each Pre-Funded Unit consists of: (i) one pre-funded warrant exercisable for one share of Common Stock at an exercise price of $0.0001 per share in the form of Exhibit C (the “Firm Pre-Funded Warrant” and collectively with the Units, Firm Shares, Pre-Funded Units, and Firm Warrants, the “Firm Securities”); (ii) one Series A Firm Warrant; and (iii) one Series B Firm Warrant.
The purchase price to be paid per Option Pre-Funded Warrant shall be equal to the price per Firm Pre-Funded Unit set forth in Section 1.1.1 hereof.