Pre-Funded Units definition
Examples of Pre-Funded Units in a sentence
Subject to the terms and conditions hereof, at each Closing, payment of the purchase price for the Securities sold pursuant to the Purchase Agreement shall be made by federal funds wire transfer, against delivery of the Units and Pre-Funded Units (in either case, with the Series A Warrants and the Series B Warrants to follow as provided in the previous sentence), and such Securities shall be registered in such name or names and shall be in such denominations, as the Placement Agent may request.
On the applicable Closing Date, the Company shall issue such amount of Units and Pre-Funded Units sold pursuant to the Purchase Agreement directly to the accounts designated by the Placement Agent for the applicable Investors and payment shall be made by the Investors by wire transfer to the Company.
The Units and Pre-Funded Units are being sold to the Investors at the public offering price as set forth in the Prospectus.
Delivery of and payment for the Units and Pre-Funded Units shall be made at or around 11:00 a.m., Eastern time, on or before the first (1st) Trading Day following the date of the Purchase Agreement in the case of the initial Closing (or the second (2nd) Trading Day following the date of the Purchase Agreement if the Purchase Agreement is signed on a day that is not a Trading Day or after 4:00pm, Eastern time and before midnight, Eastern time, on a Trading Day).