Series B Warrants definition
Examples of Series B Warrants in a sentence
At the Closing (as defined below), the Company will issue, sell and deliver to each Purchaser, and such Purchaser will purchase, severally and not jointly, from the Company, that number of Units set forth opposite such Purchaser’s name on Schedule A hereto, inclusive of the number of shares of Common Stock and/or Pre-Funded Warrants and the number of Series B Warrants and Series C Warrants indicated thereon.
The Series B Warrants shall have an exercise price equal to $3.32 per Warrant Share.
At the Closing, the Company will deliver or cause to be delivered to each Purchaser (or such Purchaser’s designated custodian per its delivery instructions) a PDF wet-ink copies of the Series B Warrants and Series C Warrants purchased by the Purchaser, and, if applicable, a PDF wet-ink copy of the Pre-Funded Warrants purchased by such Purchaser (with the original Warrants to be delivered to Purchaser within five (5) Business Days of Closing), registered in such Purchaser’s name.
To the extent any Required Member is a “Major Investor” (as defined in the Investors’ Rights Agreement), such Required Member hereby waives, and acknowledges that the Requisite Major Investors (as defined in the Investors’ Rights Agreement) have waived, any and all rights of first offer or other preemptive rights under Section 4 of the Investors’ Rights Agreement with respect to the issuance and sale of the Series B Preferred Units and the Series B Warrants contemplated by the Series B SPA.