Series B Warrant definition

Series B Warrant means a warrant to purchase one share of Common Stock in the form attached as Exhibit A to the Series B Warrant Agreement.

Series B Warrant shall have the meaning set forth in Section 6(a).

Series B Warrant means, collectively, the Series B American Depositary Shares purchase warrants delivered to the Purchasers at Closing in accordance with Section 2.2(a) hereof, which Series B Warrants shall be exercisable immediately exercisable and have a term of exercise equal to five (5) years, in the form of Exhibit A-2 attached hereto

Examples of Series B Warrant in a sentence

• On March 1, 2023, upon the closing of the Offering, the proceeds of the Convertible Loan (see Note 17) converted into 2,500,000 common shares, 2,500,000 Series A Warrant and 2,500,000 Series B Warrant.

• On March 1, 2023, upon the closing of the Offering, the proceeds of the Convertible Loan (see Note 15) converted into 2,500,000 common shares, 2,500,000 Series A Warrant and 2,500,000 Series B Warrant.

• Each Conversion Unit consists of one Common Share, one Series A Warrant and on Series B Warrant.

• This condition has not yet been satisfied.Both Series A Warrant and Series B Warrant expires 60 months from the closing of the initial public offering.On inception, the Company allocated the total proceeds received between the liability and equity components of the convertible debenture using the residual method, based on a discount rate of 10%, which is the estimated cost at which the Company could borrow similar debt without a conversion feature.

• The Series B Warrant Vesting Condition has not yet been met.On October 17, 2022, the Company completed a share split of its Common Shares then outstanding on a 1:160 basis.

More Definitions of Series B Warrant

Series B Warrant means one whole non-transferable share purchase warrant authorized to be created by the Company, one-half of which is issued as part of each Unit and certified pursuant to this Indenture and entitling the holder thereof, subject to adjustment in accordance with the terms of this Indenture, to purchase one Warrant Share at any time during the Warrant Exercise Period at the Exercise Price;

Series B Warrant means a warrant to acquire shares of Series B Preferred Stock.

Series B Warrant means the Series B Warrant to Purchase Common Stock issued pursuant to the Securities Purchase Agreement.

Series B Warrant means a transferrable Common Share purchase warrants of the Company forming part of the Conversion Units, with each Series B Warrant entitling the holder, upon satisfaction of the Series B Warrant Vesting Condition, to purchase one Common Share up to the Warrant Expiry Date at a price of $0.50 per Common Share.

Series B Warrant means, collectively, the Series B American Depositary Shares purchase warrants delivered to the Purchaser at a Subsequent Closing in accordance with Section 2.2(a) hereof, in the form of Exhibit A-2 attached hereto, to purchase the Series B Warrant Shares.

Series B Warrant means a warrant of the Company, which expires on the Series B Expiration Date, exercisable for a single Common Share as provided herein, and issued pursuant to this Warrant Agreement with the terms, conditions and rights set forth in this Warrant Agreement.

Series B Warrant means the Series B Warrant expiring October 4, 2006 to purchase an aggregate of 1,550,000 shares of Common Stock at an exercise price of $2.5875 per share.