Sky definition
Examples of Sky in a sentence
In respect of each Purchaser, the portion of the Subscription Amount to be paid in SKY, USDS and/or USDT shall be referred to as the “Non-Cash Amount” or “Digital Asset Consideration.” At the Closing, following the delivery of the Subscription Amounts to the Company, the Company shall deliver to each Purchaser its Pre-Funded Warrants as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing.
If the Purchaser elects to pay all or a portion of the Subscription Amount in SKY, then the value of SKY shall be treated as functionally equivalent to U.S. dollars, with a fixed exchange rate of $0.0615.
Each Purchaser shall deliver (i) to the Company via wire transfer immediately available funds in cash, and/or (ii) to the Designated Wallet via transfer funds in SKY, USDS and/or USDT, in each case, in an aggregate amount equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser.
These opportunities may include select digital assets (including, without limitation, SKY) that the Company believes could enhance capital efficiency and long‑term stockholder value.