No Fractional Shares Clause Example from Business Contracts

This example No Fractional Shares clause appears in 4 contracts from 3 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 that would otherwise be issuable, the number of Warrant Shares to be issued shall be rounded down to the next whole number and the Company shall pay the Holder in cash the fair market value (based on the Closing Bid Price) for any such fractional shares.
Found in Precipio, Inc. contract
Molecular Templates, Inc. Contracts

Form of Warrant issued to Wedbush Securities, dated December 1, 2017 (Filed With SEC on March 30, 2018)

Warrant to Purchase Common Stock issued to Perceptive Credit Holdings II, LP (Filed With SEC on March 2, 2018)

Precipio, Inc. Contracts

TRANSGENOMIC, INC. WARRANT TO PURCHASE COMMON STOCK (Filed With SEC on February 27, 2015)

INSITE VISION INC Contracts

INSITE VISION INCORPORATED WARRANT TO PURCHASE COMMON STOCK (Filed With SEC on October 16, 2014)