with the anti-dilution provisions of the warrant agreements
The taxpayer's counsel drafted the warrant agreements
separately from the product purchase agreement, for three reasons.
The Company has completed the work necessary to modify its inventory reserve policy and has restated its results to reflect this change and to reflect a dividend in June 2004 associated with the amendment of its two February 2000 warrant agreements
The price adjustment made possible through the amendment of the Warrant Agreements
will be available as of April 15, 1998.
However, in accordance with the terms of the warrant agreements
, it is expected that the dividend will result in substantial adjustments to both the number of shares for which the warrants are exercisable as well as the exercise price.
The warrant exercise was made pursuant to existing warrant agreements
held by Mr.
All outstanding stock options and warrants of AltaRex will be assumed by ViRexx, subject to adjustment in accordance with antidilution provisions in stock option plans and warrant agreements
Each of the purported warrant agreements
contains materially harsh anti-dilution provisions which purportedly become effective upon certain events and circumstances to lower the exercise price per share.
0 million of Subordinated Convertible Debentures, each have separate warrant agreements
that, contingently, provide for the availability of additional $16.
and is subject to the terms and conditions of the relevant warrant agreements
Coincident to the transaction, the company amended the terms of warrant agreements
with The Advent Group to reduce the period the warrants are available for exercise from seven years to five years and to permit the cashless exercise of the warrants into common stock based on the spread between the market price of the stock on the date of exercise and the $2.
com), a technology company specializing in knowledge management solutions, today announced that as a result of its recent placing and open offer, the terms of its outstanding warrants to subscribe for ordinary shares in the Company have been adjusted, in accordance with the terms of the warrant agreements