Common use of Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock Clause in Contracts

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the issuance of this Warrant issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to Section 5.1), without consideration or for a consideration per share less than the applicable Exercise Price in effect immediately prior to such issue, then the Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the following formula: EP2 = EP1 * (A + B) / (A + C) For purposes of the foregoing formula, the following definitions shall apply:

Appears in 3 contracts

Sources: Warrant Agreement (General Devices Inc), Warrant Agreement (Pequot Capital Management Inc), Warrant Agreement (Pequot Capital Management Inc)

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the issuance of this Warrant issue Additional Shares additional shares of Common Stock (including Additional Shares additional shares of Common Stock deemed to be issued pursuant to Section 5.1), without consideration or for a consideration per share less than the applicable Exercise Price exercise price in effect immediately prior to such issue, then the Exercise Price exercise price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the following formula: EP2 = EP1 * (A + B) / (A + C) For purposes of the foregoing formula, the following definitions shall apply:

Appears in 1 contract

Sources: Warrant Agreement (General Devices Inc)

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the issuance Closing Date issue shares of this Warrant issue Common Stock (the “Additional Shares of Common Stock Stock”), other than Exempt Issuances (including Additional Shares as defined below), while any portion of Common Stock deemed to be issued pursuant to Section 5.1)this Warrant remains outstanding, without consideration or for a consideration per share less than the applicable Exercise Price in effect immediately prior to such issuePrice, then the Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) ), determined in accordance with the following formula: EP2 = EP1 * (A + B) / ÷ (A + C) ). For purposes of the foregoing formula, the following definitions shall apply:

Appears in 1 contract

Sources: Loan Extension and Modification Agreement (ONE Bio, Corp.)