Minimum Price definition
Examples of Minimum Price in a sentence
For purposes of calculating the Minimum Price, the “Official Closing Price” of the Company’s Common Stock means the official closing price on the Trading Market as reported to the consolidated tape immediately preceding the signing of the Agreement to issue the securities.
Alternatively, at the Company’s election within three days after receiving stockholder approval, the Company may pay the balance of the Facility Fee in shares of Common Stock based on the 5-day VWAP beginning on the date the Resale Registration Statement is declared effective, subject to a Floor Price of 20% of the Nasdaq Minimum Price.
Notwithstanding the foregoing, the price per Share shall not be less than the “Minimum Price” as defined in Nasdaq Listing Rule 5635(d) (or any successor rule), to ensure the transaction is not considered a transaction other than a public offering at a price less than the Minimum Price.