Compensation Warrants definition

Compensation Warrants has the meaning ascribed thereto in the third paragraph of this Agreement;

Compensation Warrants has the meaning ascribed thereto in Section 12 of this Agreement;

Compensation Warrants means the warrants to be granted to the Agent as compensation for its services in relation to this Offering entitling the Agent to purchase up to that amount of Compensation Shares as is equal to 10% of the aggregate number of Offered Units issued pursuant to this Offering. Each Compensation Warrant entitles the Agent to acquire one Compensation Share at the Offering Price for a period of 12 months after the Closing Date.

Examples of Compensation Warrants in a sentence

• The shares of the Common Stock underlying the Compensation Warrants to be issued upon the exercise thereof are validly authorized and, upon exercise, will be validly issued, fully paid and nonassessable.

• Resales of the Compensation Warrants on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, as amended, are registered hereby.

• The estimated fair value of the Brokers’ Compensation Warrants totalled $230,852.

• In addition, 1,035,000 compensation warrants ("Compensation Warrants") were issued to the underwriters.

• The grant date fair value of $380,428 was assigned to the Compensation Warrants using the Black-Scholes valuation model with the following assumptions: expected dividend yield of 0%, expected volatility of 66%, risk-free rate of return of 1.62% and an expected maturity of 2 years.

More Definitions of Compensation Warrants

Compensation Warrants has the meaning given to that term on the second page of this Agreement;

Compensation Warrants has the meaning given to it above;

Compensation Warrants shall have the meaning ascribed thereto in Section 12 hereof;

Compensation Warrants has the meaning given to it in subsection 7(b);

Compensation Warrants has the meaning ascribed thereto in Section 3.3.

Compensation Warrants has the meaning ascribed thereto in the fifth paragraph of this Agreement; “Compensation Warrant Certificates” means the certificates representing the Compensation Warrants; “Corporation” has the meaning ascribed thereto in the first paragraph of this Agreement;

Compensation Warrants has the meaning ascribed to such term above; “Compensation Securities” has the meaning ascribed to such term above; “Concurrent Private Placement” has the meaning ascribed to such term above;