Company: LPSN
Filing Date: 2025-09-15
Form Type: DEFA14A
Source: 0001102993-25-000156
Chunk: 271

Company: LIVEPERSON INC
Filing Date: 2025-09-15
Form: DEFA14A
Chunk 271
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 had not been declared. (b) Rights Offerings. If the Company distributes to all or substantially all holders of the Common Stock any rights, options or warrants (other than rights issued or otherwise distributed pursuant to a stockholder rights plan, as to which Section 10(c) shall apply) entitling them, for a period of not more than sixty (60) calendar days after the announcement date of such distribution, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the arithmetic average of the Daily VWAPs of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such distribution, the Conversion Ratio shall be decreased based on the following formula: where, CR0 = the Conversion Ratio in effect immediately prior to the close of business on the Record Date for such distribution; CR' = the Conversion Ratio in effect immediately after the close of business on such Record Date; OS0 = the number of shares of Common Stock outstanding immediately prior to the close of business on such Record Date; X = the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and Y = the number of shares of Common Stock equal to the aggregate price payable to exercise such rights, options or warrants, divided by the arithmetic average of the Daily VWAPs of the Common Stock over the 10 consecutive Trading Day period 14 ending on, and including, the Trading Day immediately preceding the date of announcement of the distribution of such rights, options or warrants. Any decrease made under this Section 10(b) shall be made successively whenever any such rights, options or warrants are distributed and shall become effective immediately after the close of business on the Record Date for such distribution. To the extent that shares of the Common Stock are not delivered after the expiration of such rights, options or warrants (including as a result of such rights, options or warrants not being exercised), the Conversion Ratio shall be increased to the Conversion Ratio that would then be in effect had the decrease with respect to the distribution of such rights, options or warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered. If such rights, options or warrants are not so distributed, the Conversion Ratio shall be increased to the Conversion Ratio that would then be in effect if such Record Date for such distribution had not occurred. For purposes of this Section 10(b), in determining whether any rights, options or warrants entitle the holders