Delivery of Warrant Shares definition

Delivery of Warrant Shares. Upon receipt by the Company of the Form of Election to Purchase, the Warrant Certificate(s) and the payment referenced in Section 8.A above, the Company shall, as promptly as practicable, cause its transfer agent to issue a certificate(s) evidencing the number of Warrant Shares to be exercised in the name of Warrant Holder or Warrant Holder's designee, a stock certificate or stock certificates representing the number of Warrant Shares issuable upon exercise of the Class A Warrant(s). The certificates issued to Warrant Holder or its designee shall bear any restrictive legend required under applicable law, rule or regulation. The stock certificate(s) so delivered shall be registered in the name of Warrant Holder or such other name as shall be designated in said notice. A CIass A Warrant shall be deemed to have been exercised and such stock certificate or stock certificates shall be deemed to have been issued, and such holder or any other Person so designated to be named therein shall be deemed to have become a holder of record of such shares for all purposes, as of the date that such Form of Election to Purchase, together with payment of the aggregate Exercise Price and the Warrant Certificate(s) evidencing the Class A Warrants to be exercised, is received by the Company. If the Class A Warrants evidenced by any Warrant Certificate are exercised in part, the Company shall, at the time of delivery of the certificates evidencing the Warrant Shares, deliver to the Warrant Holder a new Warrant Certificate evidencing the Class A Warrants that were not exercised or surrendered, which shall in all respects (other than as to the number of Class A Warrants evidenced thereby) be identical to the Warrant Certificate being exercised. Any Warrant Certificates surrendered upon exercise of Class A Warrants shall be canceled by the Company.
Sample 1

Examples of Delivery of Warrant Shares in a sentence

  • Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with a public offering or a sale of the Company (pursuant to a merger, sale of stock, or otherwise), such exercise may at the election of the Holder be conditioned upon the consummation of such transaction, in which case such exercise shall not be deemed to be effective until immediately prior to the consummation of such transaction.5. Delivery of Warrant Shares .

  • Delivery of Warrant Shares and Net Number of shares of Common Stock.

Related to Delivery of Warrant Shares

  • Warrant Shares means the shares of Common Stock issuable upon exercise of the Warrants.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Warrant Stock means Common Stock issuable upon exercise of any Warrant or Warrants or otherwise issuable pursuant to any Warrant or Warrants.

  • Warrant Share Number means at any time the aggregate number of shares of Warrant Stock which may at such time be purchased upon exercise of this Warrant, after giving effect to all prior adjustments and increases to such number made or required to be made under the terms hereof.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Exercise Shares means shares of the Company’s Common Stock issuable upon exercise of this Warrant, as appropriate.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Adjustment Shares shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Warrant Share means the Common Shares issuable upon the exercise of the Warrants.

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Put Shares means shares of Common Stock that are purchased by the Investor pursuant to a Put.

  • Underlying Shares means the shares of Common Stock issued and issuable upon conversion of the Preferred Stock and upon exercise of the Warrants.

  • Warrant Exercise Price means $0.01 per share.

  • DWAC Shares means shares of Common Stock that are (i) issued in electronic form, (ii) freely tradable and transferable and without restriction on resale and (iii) timely credited by the Company to the Investor’s or its designee’s specified Deposit/Withdrawal at Custodian (DWAC) account with DTC under its Fast Automated Securities Transfer (FAST) Program, or any similar program hereafter adopted by DTC performing substantially the same function.

  • Number of Warrants For each Component, as provided in Annex A to this Confirmation. Warrant Entitlement: One Share per Warrant

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Delivery ex stock means immediate delivery directly from stock actually on hand.

  • Warrant Price as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Firm Shares has the meaning given to it in the first paragraph of this Agreement;

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date.