CS Required Minimum

CS Required Minimum. Means, as of any date, two times the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future upon exercise or conversion in full of all First Shares and Warrants, assuming that (1) any previously unconverted First Shares and unexercised Warrants are held until the fifth anniversary of the Closing Date or, if earlier, until maturity and (2) the Closing Price at all times on and after the date of ... determination equals 50% of the actual Closing Price on the Trading Day immediately prior to the date of determination. View More