Initial Commitment Shares definition

Initial Commitment Shares means 9,109,128 shares of duly authorized, validly issued, fully paid and nonassessable shares of Common Stock which, concurrently with the execution and delivery of this Agreement on the Closing Date, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the second Trading Day immediately following the Closing Date.

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Initial Commitment Shares shall have the meaning set forth in Section 12.04.

Initial Commitment Shares means 150,000 ADSs to be issued directly to the Investor in accordance with Section 5(e), and, if applicable, the Ordinary Shares that are exchanged for such ADSs.

Examples of Initial Commitment Shares in a sentence

The Company shall also file with the SEC, within ten (10) Business Days from the date hereof, a new registration statement (the “Registration Statement”) covering only the resale of the Purchase Shares and all of the Initial Commitment Shares, in accordance with the terms of the Registration Rights.
On the Initial Commitment Fee Trigger Date, if any Initial Commitment Shares are to be issued 1 Such amount representing the average of the Closing Sale Prices of the Common Stock for the 10 consecutive Business Days ending on the Business Day immediately prior to June 3, 2025 (the date of the Term Sheet).
All Purchase Shares, Initial Commitment Shares (as applicable) and Additional Commitment Shares (as applicable) to be issued from and after Commencement to or for the benefit of the Investor pursuant to this Agreement shall be issued only as DWAC Shares.

More Definitions of Initial Commitment Shares

Initial Commitment Shares means 46,536 shares of duly authorized, validly issued, fully paid and non-assessable Ordinary Shares which, concurrently with the execution and delivery of this Agreement on the Closing Date, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the Trading Day immediately following the Closing Date pursuant to Section 10.1(b)(i).

Initial Commitment Shares means 31,948 shares of Common Stock, subject to appropriate adjustment for any stock dividend, stock split, stock combination, rights offerings, reclassification or similar transaction that proportionately decreases or increases the Common Stock.

Initial Commitment Shares means 4,273,504 shares of Common Stock representing $75,000 divided by the sum equal to the daily VWAP of the Common Stock on the Trading Day immediately preceding the Execution Date multiplied by 90% and with such shares being duly authorized, validly issued, fully paid and nonassessable and which, concurrently with the execution and delivery of this Agreement on the Execution Date, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the second Trading Day immediately following the Execution Date.

Initial Commitment Shares has the meaning set forth in Section 5(e).

Initial Commitment Shares means 2,604,167 shares of Common Stock with such shares being duly authorized, validly issued, fully paid and nonassessable and which, concurrently with the execution and delivery of this Agreement on the Execution Date, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the second Trading Day immediately following the Execution Date."

Initial Commitment Shares has the meaning set forth in the recitals to this Agreement.

Initial Commitment Shares means 150,000 shares of Common Stock issued by the Company to the Investor pursuant to Section 6.5.

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