referencelibrarybanner
Board Diversity
Reference Library - Advanced Search
Find
 


Library 



 
Timeframe
Category
 
Sub-Category
** To make multiple selections, select the first criterion and then press and hold the Ctrl Key **
 
1- 1 of 1 Search Results for:
Libraries:   FAQs - Listings
Filters:   Shareholder Approval; All
 
Search   Clear


Expand All Printer Friendly View Mailto Link 
Page: 1 of 1
Frequently Asked Questions
  What is the effect of an anti-dilution provision for purposes of determining whether an issuance is at a discount?
Identification Number 277

The presence of any provision that could cause the conversion or exercise price to be reduced to below the Minimum Price immediately before the entering into of the binding agreement will cause the transaction to be viewed as a discounted issuance. These provisions include anti-dilution provisions (except for stock splits or similar changes to the company's capitalization) or provisions allowing the company to voluntarily reduce the conversion or exercise price.

Note that if the issuance is to insiders (officers, directors, employees and consultants), then the conversion or exercise price cannot be reduced below the market value, which is the consolidated closing bid price. See FAQ #271.

Publication Date*: 10/10/2018 Mailto Link Identification Number: 277
Page: 1 of 1
home_footer_links
Copyright_statement
App Store       Google Play       Listing Center Content RSS Feed
The Nasdaq Stock Market, Nasdaq, The Nasdaq Global Select Market, The Nasdaq Global Market, The Nasdaq Capital Market, ExACT and Exchange Analysis and Compliance Tracking system are trademarks of Nasdaq, Inc.
FINRA® and Financial Industry Regulatory Authority, Inc.® are registered trademarks of Financial Industry Regulatory Authority, Inc. OTCBBTM and OTC Bulletin BoardTM are trademarks of FINRA