Qualified Offering Price definition

Qualified Offering Price means the price per share (or unit, if units are offered in the Qualified Offering) at which the Qualified Offering is made. For the avoidance of doubt, if a unit includes more than one share of Common Stock, “Qualified Offering Price” shall mean the unit price divided by the number of shares of Common Stock contained in a unit.

Qualified Offering Price means the unit price divided by the number of shares of Common Stock contained in a unit.

Qualified Offering Price means the effective price per share paid by investors per share of Common Stock that is sold to the public. By way of two non-exhaustive examples, among other similar offering structures: (a) if the stated public offering price of the Qualified Offering is $10.00, but is sold as a unit consisting of two (2) shares of Common Stock, the “Qualified Offering Price” is $5.00 or (b) if the stated public offering price of the Qualified Offering is $10.00, but is sold as a unit consisting of one (1) share of Common Stock and a warrant structured as an exchange warrant or a special cashless exercise warrant wherein the holder of such warrant may exercise such warrant on a cashless basis, in whole or in part, for a whole number of shares, equal to the same number of shares that would have been issued to the holder, if such holder had, instead, elected to exercise by paying the aggregate exercise price, in cash, without having to pay such aggregate exercise price, then the “Qualified Offering Price” is $5.00.

Examples of Qualified Offering Price in a sentence

• If and when the Company issues shares of its Common Stock and/or other securities in a public offering at a per share price to be determined by the Company (the “Qualified Offering Price”) and yielding gross proceeds to the Company of at least $10 million, the Exercise Price, to the extent it exceeds the Qualified Offering Price, shall be adjusted so that it shall equal such Qualified Offering Price and the number of shares issuable upon exercise of this Warrant shall be proportionately increased.

• The exercise price per share of Common Stock under this Warrant shall be the lesser of (i) (A) the Original Issue Price under the Certificate of Incorporation, or (B) if a SPAC Transaction shall have occurred, $3.61; or (ii) in the event that a Qualified Offering is consummated prior to the exercise hereof, the Qualified Offering Price, subject to adjustment hereunder (the “Exercise Price”).

• In the event it is determined within twelve (12) months after the Closing that the Qualified Offering Price of Parent Common Stock issued in a Qualified Offering is less than the VWAP, Parent shall issue to Sellers additional shares of Parent Common Stock equal to the difference between the number of shares of Parent Common Stock issued to Sellers at Closing and the number of Shares of Common Stock equal to the quotient of the Purchase Price divided by the Qualified Offering Price.

• It is the Parties’ intention that the Purchase Price will be payable by issuance to Sellers of a number of newly issued shares of Parent Common Stock equal to the quotient of (a) Three Million and 00/100 Dollars ($3,000,000.00) divided by (b) the lower of (i) the VWAP and (ii) the Qualified Offering Price.

• The Accountant shall assume for purposes of such determination that the Issuance Date will occur on the fourteenth day following the date on which the determination of the Qualified Offering Price was submitted to the Accountant.

More Definitions of Qualified Offering Price

Qualified Offering Price means (i) in the case of an IPO, the price per share at which the Qualified Offering is made or (ii) in the case of a SPAC Transaction, the per share merger consideration received by the Company in the Qualified Offering.

Qualified Offering Price means (A) the sum of (I) the pre-money valuation of Seragen US as of the Issuance Date, as indicated by the terms upon which Seragen US securities are to be issued in the Qualified Offering, plus (II) the amount that would be received by Seragen US in the event that all Relevant Stock Rights (as hereinafter defined) were to be exercised immediately prior to the Qualified Offering, divided by (B) the sum of (I) the number of shares of Common Stock issued and outstanding immediately prior to the Qualified Offering, plus (II) the number of shares of Common Stock that would be issuable immediately prior to the closing of the Qualified Offering were all Relevant Stock Rights and Free Stock Rights (as hereinafter defined) to be exercised as of such time.

Qualified Offering Price means the price per share or unit (if units are offered in the Qualified Offering) at which the Qualified Offering is made. For the avoidance of doubt, if a unit includes more than one (1) share of Common Stock, “Qualified Offering Price” shall mean the unit price divided by the number of shares of Common Stock contained in a unit.

Qualified Offering Price means the price per share of Common Stock in a Qualified Offering.

Qualified Offering Price has the meaning set forth in Section 2.2.

Qualified Offering Price means (i) in the case of an IPO, the price per share at which the Qualified Offering is made or

Qualified Offering Price means the price per Equity Security or unit of Equity Securities at which the Qualified Offering Security is sold to investors participating in the Qualified Offering.