Reverse Stock Split definition

Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

Reverse Stock Split means the reverse stock split of the Corporation’s Common Stock that is effected by the Corporation’s filing of the Amendment with and acceptance by the Secretary of State of the State of Delaware.

Reverse Stock Split means, subject to Reverse Stock Split Shareholder Approval, a reverse stock split of the Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the State of Delaware.

Examples of Reverse Stock Split in a sentence

• Except for the Reverse Stock Split, until the one-year anniversary of the Closing Date, the Company shall not undertake a reverse or forward stock split or reclassification of the Common Stock without the prior written consent of the Purchasers holding a majority in interest of the Shares, provided that no consent shall be required in the event the Company undertakes a reverse stock split for purposes of maintaining the listing of the Common Stock on the Trading Market.

• No fractional shares of Common Stock were issued in connection with the Reverse Stock Split.

• Antpool’s interest in each such entity will be convertible by it at any time into a number of shares of our Common Stock equal to Antpool’s capital contribution in connection with the acquisition of such interests divided by $1.25 (or $7.50 after giving effect to the Reverse Stock Split).

• Any fractional share resulting from the Reverse Stock Split was rounded down to the nearest whole share and the affected holder received cash in lieu of such fractional share.

• For purposes of clarity, the number of Shares that will be subject to any Closing Awards, Initial Awards, and Annual Awards specified in Section 4 will be subject to adjustment under this Section 8 upon any Nasdaq Reverse Stock Split, as defined in the Merger Agreement, even if such Nasdaq Reverse Stock Split is effected prior to the Effective Date.

More Definitions of Reverse Stock Split

Reverse Stock Split has the meaning set forth in Section 5.15.

Reverse Stock Split means a reverse stock split of the Buyer Common Stock at a reverse stock split ratio of 1 for 15 with such split to be effective on August 24, 2023.

Reverse Stock Split has the meaning set forth in the recitals hereto.

Reverse Stock Split means the Company’s commitment to reduce its outstanding authorized and unissued shares of Common Stock via a reverse stock split to provide a number of authorized and unissued shares of Common Stock sufficient to permit the issuance of the Conversion Shares, the Warrant Shares and shares of Common Stock underlying all other outstanding securities convertible into or exercisable for shares of Common Stock no later than December 31, 2023.

Reverse Stock Split means the pro rata combination of all

Reverse Stock Split means a reverse split of the Common Stock of not less than one for each ten shares of Common Stock outstanding prior thereto.

Reverse Stock Split means the filing of an amendment to the Articles of Incorporation of the Company with the State of Nevada for a reverse stock split in which the issued and outstanding shares of Common Stock (but not the authorized shares of Common Stock) shall be combined at a ratio of 1-for-250, which amendment shall be filed with and accepted by the State of Nevada and evidence thereof delivered to the Purchasers.