Adjustments to Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in Sections 11(a) and 11(b) hereof, the Exercise Price shall be adjusted (to the nearest cent) by multiplying such Exercise Price immediately prior to such adjustment by a fraction (A) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (B) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.
Appears in 10 contracts
Samples: Warrant Agreement (National Energy Resources Acquisition CO), Warrant Agreement (BPW Acquisition Corp.), Warrant Agreement (National Energy Resources Acquisition CO)
