Reverse Stock Split definition

Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

Reverse Stock Split means the reverse stock split of the Corporation’s Common Stock that is effected by the Corporation’s filing of the Amendment with and acceptance by the Secretary of State of the State of Delaware.

Reverse Stock Split means, subject to Reverse Stock Split Shareholder Approval, a reverse stock split of the Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the State of Delaware.

Examples of Reverse Stock Split in a sentence

• The following information does not give effect to the proposed Reverse Stock Split.

• If the per share market price does not increase in proportion to the proposed Reverse Stock Split ratio, then the value of the Combined Company, as measured by its stock capitalization, will be reduced.

• The Share Increase Proposal and Reverse Stock Split Proposal require the affirmative vote of the holders of at least a majority of the voting power of the outstanding shares of Era Common Stock entitled to vote.

• Although the Era Board believes that the anticipated increase in the market price of the Combined Company’s common stock could encourage interest in its common stock and possibly promote greater liquidity for its stockholders, such liquidity could also be adversely affected by the reduced number of shares outstanding after the proposed Reverse Stock Split.

• Should the market price of the Combined Company’s common stock decline after the proposed Reverse Stock Split, the percentage decline may be greater, due to the smaller number of shares outstanding, than it would have been prior to the proposed Reverse Stock Split.

More Definitions of Reverse Stock Split

Reverse Stock Split has the meaning set forth in Section 5.15.

Reverse Stock Split has the meaning set forth in the recitals hereto.

Reverse Stock Split means a reverse stock split of the Buyer Common Stock at a reverse stock split ratio of 1 for 15 with such split to be effective on August 24, 2023.

Reverse Stock Split means a reverse split of the Common Stock of not less than one for each ten shares of Common Stock outstanding prior thereto.

Reverse Stock Split means the Company’s commitment to reduce its outstanding authorized and unissued shares of Common Stock via a reverse stock split to provide a number of authorized and unissued shares of Common Stock sufficient to permit the issuance of the Conversion Shares, the Warrant Shares and shares of Common Stock underlying all other outstanding securities convertible into or exercisable for shares of Common Stock no later than December 31, 2023.

Reverse Stock Split means the filing of an amendment to the Articles of Incorporation of the Company with the State of Nevada for a reverse stock split in which the issued and outstanding shares of Common Stock (but not the authorized shares of Common Stock) shall be combined at a ratio of 1-for-250, which amendment shall be filed with and accepted by the State of Nevada and evidence thereof delivered to the Purchasers.

Reverse Stock Split has the meaning set forth in Section 4.3.