Examples of Series B Warrant Shares in a sentence
Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section 3.2, no registration under the Securities Act is required for the offer and sale of the Series B Warrants or the Series B Warrant Shares by the Company to the Purchasers as contemplated hereby.
The Company has offered the Series B Warrants and Series B Warrant Shares for sale only to the Purchasers and certain other “accredited investors” within the meaning of Rule 501 under the Securities Act.
From and after the Share Increase Date, upon the due exercise of the Series B Warrants, the Series B Warrant Shares will be validly issued, fully paid and non-assessable free and clear of all encumbrances and restrictions, except for restrictions on transfer set forth in the Transaction Documents or imposed by applicable securities laws and except for those created by the Investors.
The issuance of the Series B Warrant Shares has been duly authorized and, when issued and delivered by the Company against payment therefor, upon the exercise of the Series B Warrants in accordance with the terms thereof, the Series B Warrant Shares will be validly issued, fully paid, and non-assessable.
Upon delivery of an Exercise Notice, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Series B Warrant Shares with respect to which this Series B Warrant has been exercised, irrespective of the date such Series B Warrant Shares are credited to the Holder’s DTC account or the date of delivery of the certificates evidencing such Series B Warrant Shares (as the case may be).