PAPI Fully Diluted Number

PAPI Fully Diluted Number. Means that number that is equal to the sum of: (a) the total number of PAPI Shares that are issued and outstanding immediately prior to the Closing; plus (b) the total number of PAPI Shares that are issuable by PAPI upon the exercise of all PAPI options or convertible securities that are issued and outstanding immediately prior to the Closing and, in the case of PAPI options, that are vested or exercisable immediately prior to the Closing or that will become exercisable or vested as a result of... the Closing. View More