Warrant Coverage Clause Example with 11 Variations from Business Contracts

Warrant Coverage. The Company shall issue to Rodman or its designees at each Closing, warrants (the "Rodman Warrants") to purchase that number of shares of common stock of the Company equal to 7% of the aggregate number of shares of Common Stock placed in each Offering (if the Securities are convertible or include a "greenshoe" or "additional investment" option component, such shares of Common Stock underlying such Securities or options shall not be included). If the 430 Park Avenue | New York, New York 10022 | 2...12.356.0500 Security services provided by H.C. Wainwright & Co., LLC | Member: FINRA/SIPC Securities included in an Offering are non-convertible, the Rodman Warrants shall be determined by dividing the gross proceeds raised in such Offering divided by the then market price of the Common Stock. The Rodman Warrants shall have the same terms as the warrants issued to investors in the applicable Offering, except that the Rodman Warrants shall have a term of five years, and an exercise price equal to 125% of the per share offering price and shall not have any provisions requiring registration of the underlying shares. If no warrants are issued to investors in an Offering, the Rodman Warrants shall be in a customary form reasonably acceptable to Rodman and the Company, have a term of 5 years and an exercise price equal to 125% of the then market price of the Common Stock. View More