Fractional Shares Clause Example from Business Contracts

This example Fractional Shares clause appears in 6 contracts from 1 company

Fractional Shares. No fractional shares shall be issued upon the exercise of this Warrant as a consequence of any adjustment pursuant hereto. If the exercise would result in the issuance of a fractional share, the Company shall, in lieu of issuance of any fractional share, pay the Holder otherwise entitled to such fraction a sum in cash equal to the product resulting from multiplying the then current fair market value of an Exercise Share by such fraction.
Found in EPIRUS Biopharmaceuticals, Inc. contract
EPIRUS Biopharmaceuticals, Inc. Contracts

FOURTEEN22, INC. WARRANT TO PURCHASE SERIES A PREFERRED STOCK (Filed With SEC on August 11, 2014)

FOURTEEN22, INC. WARRANT TO PURCHASE PREFERRED STOCK (Filed With SEC on August 11, 2014)

FOURTEEN22, INC. WARRANT TO PURCHASE PREFERRED STOCK (Filed With SEC on August 11, 2014)

FOURTEEN22, INC. WARRANT TO PURCHASE PREFERRED STOCK (Filed With SEC on August 11, 2014)

FOURTEEN22, INC. WARRANT TO PURCHASE PREFERRED STOCK (Filed With SEC on August 11, 2014)

FOURTEEN22, INC. WARRANT TO PURCHASE PREFERRED STOCK (Filed With SEC on August 11, 2014)