Sentences with phrase «stock at a conversion»

The convertible security issued by MediciNova as consideration would allow each Avigen stockholder at their election to either (i) convert each share of such convertible security into shares of MediciNova common stock at a conversion price of $ 4.00 per share at certain pre-specified accelerated conversion dates or the Final Conversion Date or (ii) have the convertible security redeemed by MediciNova on the Final Conversion Date for cash in an amount per share which represents the Net Cash Assets per share of Avigen.

The Preferred Stock has an initial stated value of $ 1,080 and is convertible into shares of the Company's Common Stock at a conversion price equal to the lesser of (a) $ 1.22, subject to certain adjustments, and (b) 87.5 % of the lowest volume weighted average price of the Company's Common Stock during the ten trading days ending on, and including, the date of the notice of conversion.

After giving effect to a required adjustment to the conversion price of our 4 % convertible notes resulting from the December 2012 special cash dividend, our 4 % convertible notes are currently convertible at the option of the holder into shares of our common stock at a conversion price of $ 6.76 per share.

Avigen shareholders would be able to elect to receive this consideration in cash at closing or to receive a convertible security by which that cash consideration may be converted into MediciNova stock at a conversion price equal to the greater of $ 4.00 or a mutually agreeable volume - weighted average price of MediciNova common stock.

The secured convertible notes will be convertible on the final business day of each month into shares of MediciNova common stock at a conversion price of $ 6.80 per share, which conversion price is based on the volume - weighted average price of MediciNova's common stock as quoted on Nasdaq and the Osaka Securities Exchange over the 20 trading days prior to signing of the merger agreement.

Not exact matches

Instead, if the investor is purchasing $ 5,000 worth of stock at a warrant - conversion price of $ 2,000, the company subtracts the cost of the conversion and actually turns over only $ 3,000 worth of shares to its investor.

The June 30, 2015 unaudited pro forma consolidated balance sheet data has been prepared assuming the conversion of the convertible preferred stock outstanding into 135,252,809 shares of common stock at the then effective conversion rate.

The September 30, 2015 unaudited pro forma consolidated balance sheet data has been prepared assuming the conversion of the convertible preferred stock outstanding into 135,252,809 shares of common stock at the then effective conversion rate.

Each share of convertible preferred stock may be converted, at the option of the holder, at any time into common stock as is determined by dividing the applicable original issue price by the conversion price as adjusted for certain dilutive issuances, splits and combinations.

In any transfer of shares of Series FP from the original holder, the shares of Series FP will automatically convert to shares of Class B common stock at the then - effective conversion rate.

Upon the closing of this offering, a total of shares of common stock will be outstanding, assuming the automatic conversion of all outstanding shares of preferred stock into shares of common stock upon the completion of this offering and the issuance of shares of common stock upon the assumed net exercise of warrants that would otherwise expire upon the completion of this offering at an assumed initial public offering price of $ per share.

The Series A, Series A-1, Series B, Series C, Series D, Series E, and Series F convert to Class B common stock at the then effective conversion rate subject to adjustment in the event of stock - splits, stock dividends, and certain anti-dilutive issuances of shares of our common stock.

«If this note converts at a price higher than the cap that you have been given you agree that in the conversion of the note into equity you agree to allow your stock to be converted such that you will receive no more than a 1x non-participating liquidation preference plus any agreed interest.»

Conversion of preferred stock occurs automatically and immediately upon the earlier to occur of the closing of a firm commitment underwritten public offering pursuant to an effective registration statement filed covering the offer and sale of common stock in which (i) the aggregate public offering price equals or exceeds $ 25 million, (ii) with respect to the Series F convertible preferred stock only, the public offer price per share of which is not less than one times the original issue price of the Series F convertible preferred stock, (iii) with respect to the Series E convertible preferred stock only, the public offer price per share of which is not less than one times the original issue price of the Series E convertible preferred stock and (iv) with respect to the Series D convertible preferred stock only, the initial public offering price per share of which is not less than two times the original price of preferred stock, or the date specified by holders of at least 60 % of the then outstanding Series B convertible preferred stock, Series C convertible preferred stock, Series D convertible preferred stock, Series E convertible preferred stock, Series F convertible preferred stock and Series G convertible preferred stock, provided however, that in the event that the holders of at least 65 % of the then outstanding shares of holders Series G convertible preferred stock, at least a majority of the then outstanding shares of Series F convertible preferred stock or at least of 65 % of the then outstanding share of Series E convertible preferred stock do not consent or agree to the conversion, conversion shall not be effective to any shares of the relevant series of Series G convertible preferred stock, Series F convertible preferred stock or Series E convertible preferred stock for which the approval threshold was not achieved.

The Series A Preferred shall also be convertible into any future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.

Contingent Convertibles: A bond that is convertible to shares of common stock at a predetermined price; however, there is also a second, higher stock price level that must be reached before the conversion can be executed.

«Our method of direct conversion of ethanol offers a pathway to produce suitable hydrocarbon blend - stock that may be blended at a refinery to yield fuels such as gasoline, diesel and jet fuel or commodity chemicals,» Narula said.

The company will often issue stock at the same time to raise capital to pay for the conversion and to provide it with working capital.

bonds that contains a provision allowing the holder to exchange the bond for a specified number of shares of a different security (usually common stock) issued by the same company that issued the bond; terms of conversion are disclosed at the time the bond is issued

To illustrate the comparison of a convertible bond's price to its common stock price, we look at conversion parity, which is the value you would receive if converted to stocks today; the conversion premium, which is the amount the bond is trading above the conversion parity, or how much you would pay for the option to convert to stocks in the future; and delta, which measures the sensitivity of the convertible bond's price to changes in the underlying stock price.

For the NAV investments at discount prices, long - term performance ought to be good enough if the issuer can continue to increase NAV, or if the company engages in resource conversion activities such as getting taken over, liquidating assets, or buying back common stock on a massive scale.

3) Issue bonds or preferred stock convertible into common stock at a level that virtually guarantees conversion.

Forced conversion usually occurs when the price of the stock is higher than the amount it would be if the bond were redeemed, or this may occur at the bond's call date.

Was delivered double bonus, as at the time of the conversion, the stocks were worth roughly 60 % of what they were worth before and after the downturn.

• equity issued by us in exchange or conversion of exchangeable senior notes based on the stock price at the date of issuance;