Reverse Stock Split Shareholder Approval definition

Reverse Stock Split Shareholder Approval means such approval as may be required by the laws of the State of Delaware from the shareholders of the Company with respect to a Reverse Stock Split at the discretion of the Board of Directors.
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Examples of Reverse Stock Split Shareholder Approval in a sentence

  • The Company shall use its reasonable best efforts to obtain such Reverse Stock Split Shareholder Approval.

  • If the Company does not obtain Reverse Stock Split Shareholder Approval at the first meeting, the Company shall call a meeting every four months thereafter to seek Reverse Stock Split Shareholder Approval until the earlier of the date Reverse Stock Split Shareholder Approval is obtained or the Securities are no longer outstanding.

  • In addition, at the special meeting of the stockholders on April 15, 2019, held for the purpose of obtaining Reverse Stock Split Shareholder Approval, with the recommendation of the Company’s Board of Directors that such proposals be approved, the Company shall solicit proxies from its shareholders in connection therewith in the same manner as all other management proposals in such proxy statement and all management-appointed proxyholders shall vote their proxies in favor of such proposal.

  • If the Company does not obtain Shareholder Approval and/or Reverse Stock Split Shareholder Approval at the first meeting, the Company shall undertake all steps under its control to call a meeting every 45 days thereafter to seek Shareholder Approval and/or Reverse Stock Split Shareholder Approval until the earlier of the date Shareholder Approval and Reverse Stock Split Shareholder Approval are obtained or the Preferred Stock is no longer outstanding.

  • If the Company does not obtain Reverse Stock Split Shareholder Approval at the first meeting, the Company shall call a meeting every four months thereafter to seek Reverse Stock Split Shareholder Approval until the earlier of the date Reverse Stock Split Shareholder Approval is obtained or the Warrants are no longer outstanding.

  • The Company covenants to use its best efforts to effect a Reverse Stock Split promptly following Reverse Stock Split Shareholder Approval.

  • If the Company does not obtain Reverse Stock Split Shareholder Approval at the first meeting, the Company shall undertake all steps under its control to call a meeting every 45 days thereafter to seek Reverse Stock Split Shareholder Approval until the earlier of (i) the date Reverse Stock Split Shareholder Approval is obtained or (ii) the Preferred Stock and Warrants are no longer outstanding.

  • If the Company does not obtain Shareholder Approval and/or Reverse Stock Split Shareholder Approval at the first meeting, the Company shall call a meeting every 45 days thereafter to seek Shareholder Approval and/or Reverse Stock Split Shareholder Approval until the earlier of the date Shareholder Approval and Reverse Stock Split Shareholder Approval are obtained or the Preferred Stock is no longer outstanding.

  • The Company covenants to use its best efforts to effect a Reverse Stock Split promptly following Reverse Stock Split Shareholder Approval, provided that, in the event of the Board of Directors determines in good faith within 30 days following Reverse Stock Split Shareholder Approval that a Reverse Stock Split is not required in order for the Company to comply with all of the continued listing requirements of the Nasdaq Stock Market, the Company’s covenant in this sentence shall not be applicable.

  • The Company covenants to use its best efforts to effectuate the Reverse Stock Split promptly following Reverse Stock Split Shareholder Approval.

Related to Reverse Stock Split Shareholder Approval

  • Company Shareholder Approval means the approval and adoption of this Agreement, the Cayman Plan of Merger and the Transactions (including the Merger) at the Company Shareholders’ Meeting by the Required Company Vote.

  • Parent Shareholder Approval means the approval of the Parent Share Issuance by the affirmative vote of a majority of the votes cast by holders of outstanding Parent Common Shares represented in person or by proxy and entitled to vote thereon at the Parent Shareholders Meeting in accordance with the rules and regulations of the NYSE and the TSX, the Organizational Documents of Parent and applicable Law, including Canadian Securities Laws.

  • Company Stockholder Approval has the meaning set forth in Section 4.2(b).

  • Required Shareholder Approval means the approval of this Plan by the shareholders of the Corporation, as may be required by the TSX or any other Stock Exchange on which the Shares are listed, as a plan allowing for the issuance of Shares from treasury to satisfy Share Units on an applicable Entitlement Date, as contemplated in Article 4;

  • Shareholder Approval Date means the date on which this Plan is approved shareholders of the Company eligible to vote in the election of directors, by a vote sufficient to meet the requirements of Code Sections 162(m) (if applicable) and 422, Rule 16b-3 under the Exchange Act (if applicable), applicable requirements under the rules of any stock exchange or automated quotation system on which the Shares may be listed on quoted, and other laws, regulations and obligations of the Company applicable to the Plan.