Define: Exchange Number

How is Exchange Number defined in a legal contract?

• Exchange Number means half of the count of common stocks or one thousandth of a preferred stock, or shares or other property units that a Right is exercisable for, prior to the Board's action to exchange the Rights. Seen in 42 SEC filings.
• Exchange Number means the count of securities the holder would receive upon the exercise of the warrants, taking into account any adjustments. Seen in 6 SEC filings.
• Exchange Number means the count of units Subscription Receiptholders are entitled to receive for each Subscription Receipt they hold, upon the automatic exercise of the Subscription Receipts, in accordance with agreement terms, as adjusted under [clause]. Seen in 4 SEC filings.
• Exchange Number means the count or fraction, as applicable, of a New shares to be received by a Shareholder in exchange for every Common Share, following the General Exchange Ratio. Seen in 3 SEC filings.
• Exchange Number means the count of Securities to be received by a Holder upon the exercise of the Special Warrants, as adjusted under the agreement provisions. Seen in 3 SEC filings.
• Exchange Number means, at any given time, the count of Common Shares that Warrantholders are entitled to purchase through the exercise of each one warrant held, in accordance with Indenture terms, as adjusted pursuant to [clause], and such count, as of the date of the agreement, is equal to one Common Share per Warrant. Seen in 3 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of exchange number' yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

Exchange Number means the count of securities or units to be received by a holder upon execution of a right, warrant, or subscription receipt.

Relevant Contract Types

• Merger and Acquisition Agreements
• Share Subscription Agreements
• Secured Convertible Note Agreements

Relevant Circumstances

• Corporate mergers and acquisitions
• Start-up funding rounds
• Debt to equity conversions

Relevant Sectors

• FinTech
• Technology Startups
• Banking and Financial Services

‍

Genie Definition 2

Exchange Number means the count or fraction of new shares received by a shareholder as per a specified exchange ratio.

Relevant Contract Types

• Equity Swap Agreements
• Intra-group Transfer Agreements
• Share Sales Agreements

Relevant Circumstances

• Capital restructuring within a Group
• Share buybacks
• Employee share option plans

Relevant Sectors

• Private Equity
• Corporate Law
• Investment Banking

‍