Implied Per Share Exercise Price definition
Implied Per Share Exercise Price in effect at any time means the Exercise Price (i.e., $ per Warrant) divided by the Warrant Exercise Rate in effect at such time, the resulting price being rounded to the nearest whole multiple of $0.0001 (with $0.00005 being rounded upwards). For the avoidance of doubt, the initial Implied Per Share Exercise Price is $ per Warrant.
Implied Per Share Exercise Price in effect at any time means the Exercise Price (i.e., $33.00 per Warrant) divided by the Warrant Exercise Rate in effect at such time, the resulting price being rounded to the nearest whole multiple of $0.0001 (with $0.00005 being rounded upwards). For the avoidance of doubt, the initial Implied Per Share Exercise Price is $22.00 per Warrant.
Implied Per Share Exercise Price in effect at any time means the Exercise Price ($1.95 per Warrant) divided by the Warrant Exercise Rate (initially 1.625), the resulting price being rounded to the nearest whole multiple of $0.0001 (with $0.00005 being rounded upwards). For the avoidance of doubt, the initial Implied Per Share Exercise Price is $1.20 per Warrant.
Examples of Implied Per Share Exercise Price in a sentence
Any adjustment to the Implied Per Share Exercise Price and number of Warrant Shares Per Warrant under this clause (b)(ii) shall be made immediately after the close of business on the last day of the Valuation Period, but shall be given effect as of the open of business on the Ex-Date for the Spin-Off.
More Definitions of Implied Per Share Exercise Price
Implied Per Share Exercise Price means initially $12.35, subject to adjustment from time to time in accordance with Article IV.