Company: CLPR
Filing Date: 2025-01-23
Form Type: S-3
Source: 0001437749-25-001690
Chunk: 22

Company: Clipper Realty Inc.
Filing Date: 2025-01-23
Form: S-3
Chunk 22
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 purchased upon such exercise; |

| ● | the date on which the right to exercise such warrants will commence and the expiration date on which such right will expire; |

| ● | material U.S. federal income tax considerations applicable to the warrants; and |

| ● | any other material terms of such warrants. |

Holders of future warrants, if any, will not be entitled by virtue of being such holders, to vote, to consent, to receive dividends, to receive notice with respect to any meeting of stockholders for the election of our directors or any other matter, or to exercise any rights whatsoever as stockholders of the Company.

If warrants for the purchase of shares of preferred stock are offered, the applicable prospectus supplement will also describe the terms of the class or series of preferred stock for which the warrants are exercisable as described under “Description of Capital Stock—Description of Preferred Stock.”

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DESCRIPTION OF RIGHTS</div>

This section describes the general terms and provisions of the rights that we may offer by this prospectus. The applicable prospectus supplement will describe the specific terms of the rights then offered, and the terms and provisions described in this section will apply only to the extent not superseded by the terms of the applicable prospectus supplement.

We may issue rights to our stockholders for the purchase of shares of our common stock or any class or series of preferred stock. Each series of rights will be issued under a separate rights agreement to be entered into between us and a bank or trust company, as rights agent, all as set forth in the prospectus supplement relating to the particular issue of rights. The rights agent will act solely as our agent in connection with the certificates relating to the rights of such series and will not assume any obligation or relationship of agency or trust for or with any holders or beneficial owners of the rights. The rights agreement and the form of rights certificates relating to each series of rights will be filed with the SEC and incorporated by reference as an exhibit to the registration statement of which this prospectus is a part.

The applicable prospectus supplement will describe the following terms, where applicable, of the rights in respect of which this prospectus and the applicable prospectus supplement are being delivered:

| ● | the date for determining the stockholders entitled to the rights distribution; |

| ● | the aggregate number of shares of common stock or preferred stock purchasable upon exercise of the rights and the exercise price; |

| ● | the designation and terms of the preferred stock purchasable upon exercise of the