Stock Splits, Dividends and Combinations. In the event that the Company shall at any time subdivide the outstanding shares of common stock or shall issue a stock dividend on its outstanding shares of common stock the number of Warrant Securities issuable upon exercise of this Warrant immediately prior to such combination shall be proportionately decreased, and the Exercise Price shall be proportionately increased, effective at the close of business on the date of such subdivision, stock dividend or combination, as the case may be.
Appears in 2 contracts
Sources: Warrant Agreement (Sinofresh Healthcare Inc), Warrant Agreement (Sinofresh Healthcare Inc)
Stock Splits, Dividends and Combinations. In the event that the Company shall at any time subdivide the outstanding shares of common stock or shall issue a stock dividend on its outstanding shares of common stock the number of Warrant Securities issuable upon exercise of this Warrant immediately prior to such combination shall be proportionately decreased, and the Exercise Price shall be proportionately increased, effective at the close of business on the date of such subdivision, stock dividend or combination, as the case may bemaybe.
Appears in 1 contract
Sources: Cancelable Warrant Agreement (Sinofresh Healthcare Inc)