Subdivision or Combination. In case the Company shall at any time hereafter subdivide (by any stock split, stock dividend, recapitalization or otherwise) or combine the outstanding shares of Series C Preferred Stock or declare a dividend payable in Series C Preferred Stock, the exercise price of this Warrant in effect immediately prior to the subdivision, combination or record date for such dividend shall forthwith be proportionately increased, in the case of combination, or decreased, in the case of subdivision or dividend, and each Share purchasable upon exercise of the Warrant shall be changed to the number determined by dividing the then current Exercise Price by the Exercise Price as adjusted after the subdivision, combination, or dividend.
Appears in 3 contracts
Sources: Warrant Agreement (NitroSecurity, Inc.), Warrant Agreement (NitroSecurity, Inc.), Warrant Agreement (NitroSecurity, Inc.)