Reference Price definition
Examples of Reference Price in a sentence
In lieu thereof, each holder who would otherwise be entitled to a fractional share shall receive an amount in cash, without interest, equal to the product of the Reference Price and the fraction concerned, rounded to the nearest whole cent.
The Company shall have the right to require the Seller Parties to participate in any Company-led secondary offering of Common Stock to reduce the Seller Parties’ aggregate ownership to 19.9% of the Company’s issued and outstanding Common Stock, provided that (i) the Seller Parties’ aggregate ownership is at or above 20% of the Company’s issued and outstanding equity at such time and (ii) the offering price per share is at or above 105% of the Reference Price.
In addition, the lock-up shall automatically terminate with respect to all Lock-Up Shares if the closing price of Common Stock exceeds 200% of the Reference Price for more than fifteen (15) consecutive trading days.