Adjustments for Reverse Stock Splits Sample Clauses
The "Adjustments for Reverse Stock Splits" clause defines how contractual terms related to shares are modified if the company undergoes a reverse stock split, which reduces the number of outstanding shares by consolidating them into fewer, higher-value shares. For example, if a party holds options or warrants, the number of shares and exercise price would be recalculated to reflect the new share structure, ensuring the holder's economic position remains unchanged. This clause ensures fairness and prevents unintended dilution or windfall gains by maintaining the original value and intent of share-based agreements after a reverse stock split.
Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of Company Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Company Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Company Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of MBIF’s Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of MBIF’s Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of MBIF’s Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of Preferred Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Preferred Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Preferred Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of Epitope Common Stock outstanding at any time is decreased by a combination of the outstanding shares of Epitope Common Stock, then, as of the record date for such combination (or the date of such combination if no record date is fixed), the Exchange Ratio shall be appropriately adjusted so that the number of shares of Epitope Common Stock issuable on exercise of the Option shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of Series A Preferred outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Series A Preferred, then following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Series A Preferred issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of SWA’s Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of SWA’s Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of SWA’s Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of Preferred Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Preferred Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Preferred Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of Series A Preferred outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Series A Preferred, then following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Series A Preferred issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.
Adjustments for Reverse Stock Splits. If the number of shares of Epitope Common Stock outstanding at any time is decreased by a combination of the outstanding shares of Epitope Common Stock, then, as of the record date for such combination (or the date of such combination if no record date is fixed), the Exchange Ratio shall be appropriately adjusted so that the number of shares of Epitope Common Stock issuable on exercise of the Option shall be decreased in proportion to such decrease in outstanding shares.