Weighted Average Closing Price definition

Weighted Average Closing Price means the price determined by the first of the following clauses that applies: (A) if the Common Stock is then listed or quoted for trading on a Trading Market other than the OTC Bulletin Board or the Pink OTC Market, the volume-weighted average closing prices of the Common Stock on the Trading Market on which the Common Stock is then listed or quoted for trading as reported by Bloomberg L.P., (B) if the Common Stock is then listed or quoted for trading on the OTC Bulletin Board, the volume-weighted average closing prices of the Common Stock on the OTC Bulletin Board, or (C) if the Common Stock is not then listed or quoted for trading on the OTC Bulletin Board and if prices for the Common Common Stock are then reported in the “Pink Sheets” published by Pink OTC Markets, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the closing bid prices per share of the Common Stock so reported.

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Weighted Average Closing Price means the weighted closing price of the Stock during the thirty-day period preceding the date of valuation. The Weighted Average Closing Price shall be the result of (i) divided by (ii), where:

Weighted Average Closing Price means a fraction, the numerator of which is, for each of the trading days within 30 days immediately prior to the day which is one Business Day prior to the Closing Date, the product of the closing price as reported on the NYSE for a share of REIT Common Stock on a particular Business Day multiplied by the number of shares traded on such Business Day and the denominator of which is equal to the number of shares traded during such 30 day period.

Examples of Weighted Average Closing Price in a sentence

On each of the first anniversary and second anniversary of the Closing Date (each such anniversary, a “Reset Date”), if the Volume Weighted Average Closing Price of the Company’s Ordinary Shares during any consecutive 40-Trading Day period in the 12 months preceding the relevant Reset Date (the “Reference Price”) is below 85% of the Initial Conversion Price, the Conversion Price shall be adjusted to 115% of such Reference Price.
The Conversion Price shall be equal to that price which shall be computed as Weighted Average Closing Price of the Acquiror Common Stock on the principal exchange or quotation system upon which Acquiror’s Common Stock publicly trades, during a measurement period consisting of the period of thirty (30) consecutive Business Days commencing sixty (60) calendar days prior to the date of the Notice of Election (the “Measurement Period”).
The Exercise Price of this Warrant is equal to one hundred percent (100%) of the Conversion Price of the accompanying Series A Convertible Debenture which is set at twenty-five percent (25%) discount to the five-day Volume Weighted Average Closing Price ("VWAP") prior to the Closing Date of the Series A Convertible Debenture or ten cents ($.10), whichever is greater.
The Earn-Out, if any, shall be payable to the Owners, in part as stockholders of International Vapor and in part, as to ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇, as employees of the Buyer, in newly issued unregistered shares of the Parent’s common stock (“Earn-Out Shares”), the number of which would be equal to the quotient of such earned portion of the Earn-Out Payment divided by the Volume Weighted Average Closing Price.
If the 5-Day Weighted Average Closing Price is less than $1.75 per share, Purchaser will execute and deliver to Seller an unsecured note payable in cash for the difference between (a) $3,500,000 and (b) the 5-Day Weighted Average Closing Price multiplied by 2,000,000 shares (the “Closing Note”), substantially in the same form as Exhibit A hereto.

More Definitions of Weighted Average Closing Price

Weighted Average Closing Price means the average of the closing bid and asked prices of the Common Stock quoted in the over-the-counter market summary or the last reported sale price of the Common Stock or the closing price quoted on the Nasdaq National Market System or on any exchange on which the Common Stock is listed, whichever is applicable, as published in The Wall Street Journal for the ten-trading day period beginning September 18, 2001. In the event quotations are not available for the Common Stock on the over-the-counter market, and the Common Stock is not listed for trading on any established stock exchange or a national market system, the Weighted Average Closing Price shall be determined by the Company's Board of Directors in the good faith exercise of its reasonable business judgment. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms.

Weighted Average Closing Price means, during the Measurement Period, the cumulative sum of the daily dollar volume-weighted closing price for such Acquiror Common Stock, for each Business Day during which shares of Acquiror Common Stock trade on the principal exchange, quotation system or reporting system upon which Acquiror’s Common Stock publicly trades; divided by the cumulative number of shares of Acquiror Common traded during the Measurement Period. For the purposes hereof, the “daily dollar volume weighted price” shall be determined, for those Business Days in which trades occur during the Measurement Period, as the product of: (x) the number of shares of Acquiror Common Stock that trade during that particular day; and (ii) the closing price of the Acquiror Common Stock for that date.

Weighted Average Closing Price means the (a) the sum, for each of the twenty (20) trading days ending five calendar days prior to the Closing Date, of the product of (i) the closing price of Heartland Common Stock as quoted on the Nasdaq Global Select Market for such trading day multiplied by, (ii) the trading volume reported on the Nasdaq Global Select Market for such trading day, divided by (b) the aggregate trading volume over such twenty (20) day period.

Weighted Average Closing Price means, at any date, the weighted average closing price at which the relevant shares have traded on the TSX (or, if the shares are not so listed, then on AMEX, or if the shares are not so listed, then on AIM, or if the shares are not so listed, then on the recognized stock exchange on which such shares are listed on which the greatest volume of them were traded during the period referenced below or, if such shares are not so listed on any recognized stock exchange, then on the over-the-counter market on which they are traded as selected by action of the directors acting reasonably for such purpose), during the five most recent trading days ending on the last trading day immediately before such date on which there has occurred at least one trade of at least one board lot of such shares prior to such date, such weighted average closing price to be determined by dividing the aggregate sale price of all such shares sold in board lots on such exchange or market, as the case may be, during the said five trading days, by the number of such shares so sold;

Weighted Average Closing Price means the price determined by the first of the following clauses that applies: (A) if the Stock is then listed or quoted for trading on a Trading Market other than the OTC Bulletin Board or the Pink OTC Market, the volume-weighted average closing prices of the Stock on the Trading Market on which the Stock is then listed or quoted for trading as reported by Bloomberg L.P., (B) if the Stock is then listed or quoted for trading on the OTC Bulletin Board, the volume-weighted average closing prices of the Stock on the OTC Bulletin Board, or (C) if the Stock is not then listed or quoted for trading on the OTC Bulletin Board and if prices for the Common Stock are then reported in the “Pink Sheets” published by Pink OTC Markets, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the closing bid prices per share of the Stock so reported.

Weighted Average Closing Price means, for the pricing period, the average of the closing share price for each trading day weighted for the share daily trading volume. Section 3. Section 2.3(b)(ii) of the Agreement is hereby amended and restated in its entirety as follows:

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