Initial and Adjusted Exercise Price Clause Samples
The 'Initial and Adjusted Exercise Price' clause defines the original price at which an option or warrant holder can purchase the underlying asset, and outlines the circumstances under which this price may be modified. Typically, the initial exercise price is set at the time the security is issued, but it may be adjusted in response to events such as stock splits, dividends, or other corporate actions that affect the value of the underlying asset. This clause ensures that the rights of the holder are preserved and that the economic value of the option or warrant remains fair and consistent despite changes in the issuer's capital structure.
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Initial and Adjusted Exercise Price. Except as otherwise provided in Section 8 hereof, the Warrants shall be exercisable to purchase Common Stock at a price of $0.10 per share. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 8 hereof.
Initial and Adjusted Exercise Price. The initial exercise price shall be $2.00 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.
Initial and Adjusted Exercise Price. Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.50. ------- The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 8 hereof.
Initial and Adjusted Exercise Price. Except as otherwise provided in Section 9 hereof, the initial exercise price of each Warrant shall be the price set forth in Section 1 hereof per Warrant issued thereunder. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 9 hereof.
Initial and Adjusted Exercise Price. Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $____ [120% of the initial public offering price] per share of Common Stock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 8 hereof.
Initial and Adjusted Exercise Price. Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $10.065 per Unit, which is $9.90 per share of Common Stock and $.165 per Redeemable Warrant. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 8 hereof.
Initial and Adjusted Exercise Price. Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $____ [120% of the initial public offering price] per share of Common Stock and $_____ per Redeemable Warrant [120% of the initial public offering price per Public Warrant]. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 8 hereof. Any transfer of a Warrant shall constitute an automatic transfer and assignment of the registration rights set forth in Section 7 hereof with respect to the Securities or other securities, properties or rights underlying the Warrants.
Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be eighty-five percent (85%) of the per share Market Price of the Common Stock on the exercise date, per Warrant Share. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 hereof."
Initial and Adjusted Exercise Price. Except as otherwise provided in Section 8 hereof, the initial exercise price of each Underwriter's Warrant shall be $7.20
Initial and Adjusted Exercise Price. Except as otherwise provided ------------------------------------ in Section 8 hereof, the initial exercise price of each Series C Warrant to purchase Common Stock shall be equal to the initial exercise price set forth in Sections 1.1 above. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 8 hereof.