The New Warrants will be substantially identical to the Eligible Warrants, except for the elimination of the full ratchet
anti-dilution provision for below exercise price issuances of securities by the Company contained in the Eligible Warrants.
provides a fine Silas Cade thriller and the sequel to Clawback, and is recommended both for newcomers and prior fans.
The notes have an 18-month term and full ratchet
anti dilution protection, repayment to be made in 12 equal monthly payments beginning in March 2012.
The net loss due to settlement of the warrants was triggered by full ratchet
anti-dilution adjustments in the warrants from a May 2011 financial raise by former management of the Company when it was known as PeopleString Corporation.
The current October 2009 Investors will have full ratchet
anti-dilution protection and, if the event of a subsequent financing, the October 2009 Investors may elect, in their own discretion, to exchange all or some of the October 2009 Debentures (but not the Warrants) for any securities or units issued on a dollar-for-dollar basis or to have any particular provisions of the subsequent financing legal documents apply to the documents utilized for the October 2009 Financing.
Anti-Dilution Financial Models in Excel that provide plug and play models that have step-by-step instructions how to use and are a way to show your clients the value of what you are proposing (models include weighted average anti-dilution, broad-based weighted average anti-dilution, narrow-based weighted average anti-dilution, full ratchet
anti-dilution, and stock split adjustment)
The warrants are also subject to full ratchet
Merriman Curhan Ford issued preferred stock and associated warrants with a full ratchet
The series A preferred stock and the market and premium warrants are subject to full ratchet
anti-dilution provisions for the first 18 months after issuance and thereafter weighted average protection for issuances of capital stock below their respective conversion or exercise prices, except in specified cases.
01 per share, and CAMOFI will give up the provisions in the warrant respecting rights to full ratchet
anti-dilution protection and most favored nation status.
The note and the warrants are subject to full ratchet
7) Full ratchet
antidilution protection on the Laurus note was eliminated.