No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 11 contracts from 7 companies

No Fractional Shares. No fractional Warrant Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional shares which would, otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the closing price of one share of Common Stock as reported by the applicable Trading Market on the date of exercise, or round up to the nearest whole share of Common Stock.
Fathom Holdings Inc. Contracts

Form of Underwriter Warrant (Filed With SEC on July 16, 2020)

Underwriter Warrant issued August 4, 2020 (Filed With SEC on August 4, 2020)