Conversion Cap

Conversion Cap. The Company and Purchasers agree, that pursuant to the terms of the Notes, the Company shall not issue any shares of Common Stock upon conversion of the Notes or otherwise pursuant to the terms of the Notes if the issuance of such shares of Common Stock would exceed the aggregate number of shares of Common Stock which the Company may issue upon conversion of the Notes without breaching the Company's obligations, if any, under Nasdaq Listing Rule 5635(d) (as applicable, the "Conversion Cap"),... except that such limitation shall not apply in the event that the Company obtains the approval of its stockholders as required by the applicable rules of the Trading Market for issuances of shares of Common Stock upon conversion of the Notes in excess of such amount. As of July 22, 2019, the Conversion Cap is not less than 2,099,098 shares of Common Stock. View More