New Warrant Exercise Price definition

New Warrant Exercise Price shall be equal to the product of (i) the Exercise Price then in effect and (ii) one minus the Black Scholes Proportion.
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New Warrant Exercise Price means, with respect to New Warrants, an amount equal to the Exercise Price in effect immediately prior to the time of issuance of New Warrants multiplied by one minus the Black Scholes Proportion.
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New Warrant Exercise Price shall have the meaning provided in Section 5.
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Examples of New Warrant Exercise Price in a sentence

  • The Exercise Price shall thereafter be reduced by the amount of the New Warrant Exercise Price such that the sum of the New Warrant Exercise Price plus the Exercise Price shall not exceed the Exercise Price as in effect immediately prior to the Spinoff Transaction.

  • The new warrants shall have an exercise price equal to $0.34, such price being subject to the rules of the Canadian Securities Exchange as to pricing (the “New Warrant Exercise Price”), and shall be exercisable at a price per Class B Share equal to the New Warrant Exercise Price for a period of five (5) years from the date of issuance, and such number of Warrant Shares subject to the Existing Warrant Terms as is equal to the New Warrant Amount shall be cancelled.

  • Within three (3) Trading Days of any other exercise of Existing Warrants for cash, the Company shall deliver to the Holder New Warrants to purchase 0.65 shares of Common Stock for each share of Common Stock that the Holder receives upon such exercise for cash, having an initial exercise price per share equal to the New Warrant Exercise Price.

  • The New Warrant Exercise Price is initially $2.68 per New Warrant, the Exchange Warrant Exercise Price is initially $6.35 per Exchange Warrant and the number of shares of Common Stock issuable upon the exercise of each New Warrant is initially one (the "New Warrant Number") and upon the exercise of each Exchange Warrant is initially .75 (the "Exchange Warrant Number and each of the New Warrant Number and the Exchange Warrant Number shall constitute a "Warrant Number").

  • Within three (3) Trading Days of any other exercise of Existing Warrants for cash, the Company shall deliver to the Holder New Warrants to purchase 0.75 shares of Common Stock for each share of Common Stock that the Holder receives upon such exercise for cash, having an initial exercise price per share equal to the New Warrant Exercise Price.

  • The Purchaser understands and agrees that the Company, in its sole and absolute discretion, reserves the right to determine if the Purchaser’s subscription(s) in the Prior Offerings entitles such Purchaser’s Prior Warrants to have the New Warrant Exercise Price, notwithstanding the acceptance of the Purchaser’s subscription by the Company under this Subscription Agreement.

  • In the event the Maximum Credit Limit is increased, Borrower shall provide Silicon with additional five-year warrants to purchase Common Stock of the Borrower at an exercise price equal to the average closing stock price of Borrower’s Common Stock during the 30 days immediately preceding the date such increase in the Maximum Credit Limit takes effect (the "New Warrant Exercise Price").

  • The amount of additional Common Stock provided for in such additional warrant(s) shall be equal to 3% of the increase in the Maximum Credit Limit (i.e., (3% x Increase in the Maximum Credit Limit) / New Warrant Exercise Price).

  • Subject to Section 5 of this Subscription Agreement, in the event such determination is made by the Company, no action in connection with the Prior Warrants will be required by the Purchaser and the Company will provide such Purchaser with a determination letter setting forth which Prior Warrants and the number of such warrants were deemed by the Company to have the exercise price equal to the New Warrant Exercise Price.

Related to New Warrant Exercise Price

  • Warrant Exercise Price means $0.05 per share.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • SAR Exercise Price means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.