Adjustments of Exercise Price and Number of Shares Sample Clauses
The "Adjustments of Exercise Price and Number of Shares" clause defines how the terms of a stock option or warrant will be modified in response to certain corporate events. Typically, this clause outlines that if the issuing company undergoes actions such as stock splits, reverse splits, stock dividends, or mergers, the exercise price and the number of shares subject to the option or warrant will be adjusted to maintain the holder's economic position. For example, if a company doubles its outstanding shares through a stock split, the exercise price may be halved and the number of shares doubled accordingly. This clause ensures that holders are protected from dilution or unfair changes in value due to corporate restructuring, thereby preserving the intended value of their rights.
Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:
(a) In case the Company shall (i) declare a dividend on its Common Stock in shares of Common Stock or make a distribution in shares of Common Stock (other than an issuance of Common Stock for valuable consideration), (ii) subdivide its outstanding shares of Common Stock, (iii) combine its outstanding shares of Common Stock in to a smaller number of shares of Common Stock or (iv) issue by reclassification of its shares of Common Stock other securities of the Company (including any such reclassification in connection with the consolidation or merger in which the Company is the continuing corporation), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the Holder and any permitted Holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which he would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such event retroactive to immediately after the record date, if any, for such event.
(b) No adjustment in the number of Shares purchasable hereunder shall be required unless such adjustment would require an increase or decrease of at least one percent (1%) in the number of Shares purchasable upon the exercise of each Warrant; provided, however, that any adjustments which by reason of this paragraph (e) are not required to be made shall be carried forward and taken into account in any subsequent adjustment but not later than five (5) years after the happening of the specified event or events. All calculations shall be made to the nearest one thousandth of a share.
(c) Whenever the number of Shares purchasable upon the exercise of each Warrant is adjusted, as herein provided, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Shares purchasable upon the exercise of each Warrant immediately prior to such adjustment, and of which the denominator s...
Adjustments of Exercise Price and Number of Shares. The Class A Exercise Price, the Class B Exercise Price, and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:
(A) In case the Company shall subdivide or combine its outstanding shares of Common Stock into a greater or lesser number of shares, the number of Shares (and Class B Warrants, if applicable) purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the Holder of each Warrant shall be entitled to receive the kind and number of Shares (and Class B Warrants, if applicable) or other securities of the Company which he would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such subdivision or combination or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such event retroactive to immediately after the record date, if any, for such event.
(B) In case the Company shall at any time after the date hereof pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock, then upon such dividend or distribution the Exercise Price in effect immediately prior to such dividend or distribution shall forthwith be reduced to a price determined by dividing:
(1) an amount equal to the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution multiplied by the Exercise Price in effect immediately prior to such dividend or distribution, by
(2) the total number of shares of Common Stock outstanding immediately after such dividend or distribution. For the purposes of any computation to be made in accordance with the provisions of this subsection, the following provisions shall be applicable: Common Stock issuable by way of dividend or other distribution on any stock of the Company shall be deemed to have been issued immediately after the opening of business on the date following the date fixed for the determination of stockholders entitled to receive such dividend or other distribution.
(C) In case of a capital reorganization or a reclassification of the Common Stock (except as provided in Subsection (a) above or Subsection (l) below), any Warrant Holder, upon exercise of Warrants, shall be entitled to receive, in substitution ...
Adjustments of Exercise Price and Number of Shares. The following adjustments apply to the Exercise Price of the Warrants with respect to the Shares and the number of Shares purchasable upon exercise of the Warrants.
Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:
(a) If the Company (i) declares a dividend on its Class A Common Stock in shares of Class A Common Stock or makes a distribution in shares of Class A Common Stock, (ii) subdivides its outstanding shares of Class A Common Stock, (iii) combines its outstanding shares of Class A Common Stock into a smaller number of shares of Class A Common Stock or (iv) issues by reclassification of its shares of Class A Common Stock other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the surviving entity), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the Holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which he would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such event
Adjustments of Exercise Price and Number of Shares. The Shares subject to this Warrant and the Exercise Price thereof shall be appropriately adjusted by the Company in accordance herewith.
Adjustments of Exercise Price and Number of Shares. The Exercise Price and Warrant Shares shall be adjusted under certain circumstances in accordance with Annex B attached hereto and expressly incorporated herein and made a part hereof.
Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Underwriter Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:
(a) In case the Company shall (i) declare a dividend on its Common Shares in Common Shares or make a distribution of Common Shares, (ii) subdivide its outstanding Common Shares, (iii) combine its outstanding Common Shares into a smaller number of
Adjustments of Exercise Price and Number of Shares. The number of and kind of securities purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:
Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Strasbourger Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:
(a) In case the Company shall (i) declare a dividend on its Common Shares in Common Shares or make a distribution of Common Shares, (ii) subdivide its outstanding Common Shares, (iii) combine its outstanding Common Shares into a smaller number of Common Shares or (iv) issue by reclassification of its Common Shares other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the number of Shares purchasable upon exercise of each Strasbourger Warrant immediately prior thereto shall be adjusted so that the Holder of each Strasbourger Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which he would have owned or have been entitled to receive after the happening of any of the events described above, had such Strasbourger Warrant been exercised immediately prior to the happening of such event or any record date with respect
Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:
(a) If the Company (i) declares a dividend on its Common Stock in Common Stock or makes a distribution to all holders of its Common Stock in Common Stock without charge to such holders, (ii) subdivides its outstanding Common Stock, (iii) combines its outstanding Common Stock into a smaller number of Common Stock or (iv) issues by reclassification of its Common Stock other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the surviving entity, but excluding those referred to in paragraph (b) below), the number and kind of shares of Common Stock purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the Holder of each Warrant shall be entitled to receive the kind and number of shares of Common Stock or other securities of the Company which such Holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any