Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

Would have been nice to have a link showing the actual source of this info pertaining to the alleged ELTP contract.

sells or grants any option to purchase or sells or grants any right to reprice its securities (other than any Common Stock or Common Stock Equivalents in connection with an Exempt Issuance), entitling any Person to acquire shares of Common Stock at an effective price per share that is lower than the then applicable Conversion Price (any such issuance, a “Dilutive Issuance ”) (if the holder of the Common Stock or Common Stock Equivalents so issued shall at any time,

I have conducted my own DD however. The above quote was copy/pasted into the Google search engine and a similar quote appeared at this link entitled "Subsequent Equity Sales Sample Clauses":

https://www.lawinsider.com/clause/subsequent-equity-sales

"sells or grants any option to purchase or sells or grants any right to reprice, or otherwise disposes of or issues (or announces any sale, grant or any option to purchase or other disposition), any Common Stock or Common Stock Equivalents entitling any Person to acquire shares of Common Stock at an effective price per share that is lower than the then Conversion Price (such lower price, the "Base Conversion Price" and such issuances, collectively, a "Dilutive Issuance") (if the holder of the Common Stock or Common Stock Equivalents so issued shall at any
time. . ."

Does this mean Elite's lawyers use this site to draft their legal documents? LMAO