Split Exchange definition
Examples of Split Exchange in a sentence
At the Effective Time, all of the Note Warrants will be exchanged for Exchange Warrants such that for every 1.978306 Common Shares that could be acquired under the Note Warrants prior to the Reverse Split, Exchange Warrants allowing the acquisition of one (1) Common Share (post-Reverse Split) at an exercise price of $0.18 will be issued to the holder of such Note B Warrants.
At the Effective Time, all of the Series B Warrants will be exchanged for Exchange Warrants such that for every 15.873016 Common Shares that could be acquired under the Series B Warrants prior to the Reverse Split, Exchange Warrants allowing the acquisition of one (1) Common Share (post-Reverse Split) at an exercise price of $0.18 will be issued to the holder of such Series B Warrants.