American Bio Medica Corp (ABMC)

[Btown]

I like this! Thereafter, from and after Commencement, under the Purchase Agreement, on any business day selected by us on which the closing sale price of our shares of common stock exceeds $0.05, we may direct Lincoln Park to purchase up to 200,000 shares on the applicable purchase date (a “Regular Purchase”), which maximum number of shares may be increased to 250,000 shares, if the market price of our common stock at the time of the Regular Purchase equals or exceeds $0.20, and further increased to 500,000 shares, if the market price of our common stock at the time of the Regular Purchase equals or exceeds $0.50 (such share and dollar amounts subject to proportionate adjustments for stock splits, recapitalizations and other similar transactions as set forth in the Purchase Agreement), provided that Lincoln Park’s purchase obligation under any single Regular Purchase will not exceed $500,000.