Reverse Split definition
Reverse Split has the meaning set forth in Section 5.21.
Reverse Split means a reverse split of the Company's shares of Common Stock in a ratio between one-for-three and one-for-five effected by the Company on or before the consummation of the Reverse Merger.
Reverse Split means the one-for-two reverse split of the Stock authorized by the Board of Directors prior to the initial adoption of the Plan.
Examples of Reverse Split in a sentence
For the avoidance of doubt, Parent shall not effect the Parent Reverse Split except as may be requested by the Company in accordance with this Section 7.17.
If requested by the Company in accordance with Section 7.17, the Parent Reverse Split shall have been effected.
More Definitions of Reverse Split
Reverse Split shall have the meaning ascribed to such term in Section 4.11(a).
Reverse Split means a reverse stock split of all outstanding shares of Parent Common Stock at a reverse stock split ratio in the range and at the time prior to Closing mutually agreed to by Parent and Company.
Reverse Split means the 1 for 35 reverse stock split of the Common Stock effected on September 20, 2023.
Reverse Split shall have the meaning set forth in Section 5.16.
Reverse Split means a reverse stock split of all outstanding shares of Company Common Stock, in a ratio approved by the Company Stockholders and as recommended by the Company’s Board and within the range set forth on Section 1.1(c) of the Company Disclosure Schedule (and in any event, such finally determined ratio shall be subject to the consent of Buyer, such consent not to be unreasonably withheld, conditioned or delayed), that is effected by the Company prior to the First Effective Time pursuant to which, among other things, any remaining fractional shares of Company Common Stock held by a holder of Company Common Stock (determined after determining the whole number of shares of Company Common Stock held by such holder, if any) after giving effect to the Reverse Split will be automatically exchanged for (a) such holder’s Pre-Reverse Split Pro Rata Share of the Reverse Split Fractional Share Cashout Amount (to be paid to the holders of such fractional shares after the Closing) and (b) the right to receive, upon execution of the CVR Agreement at Closing, one (1) CVR for each share of Company Common Stock that was converted into a fractional share (and not aggregated into a whole number of shares held by the applicable holder) pursuant to the Reverse Split.
Reverse Split has the meaning set forth in Section 4.2.1.
Reverse Split means a one-for-20 reverse split of the Common Stock which shall have the effect of reducing the outstanding shares of Common Stock but which shall not affect the number of shares of Common Stock the Company is authorized to issue.