Warrant Dividend definition
Warrant Dividend means the dividend declared by the Board of Directors of the Parent whereby each stockholder of record of the Parent as of the record date of January 24, 2013 received one (1) warrant to purchase one (1) share of common stock of the Parent (as adjusted for the Forward Split) at an exercise price of $1.25 (as adjusted for the Forward Split).
Examples of Warrant Dividend in a sentence
As of the Effective Date (immediately following the closing of the Acquisition, not including any securities issuable pursuant to this Agreement, the PPM or the Valent Agreement Amendment), the outstanding capital of the Parent will consist of 3,250,007 shares of common stock and warrants to purchase 3,250,007 shares of common stock issued pursuant to the Warrant Dividend.