Class A Ordinary Shares Clause Samples
The 'Class A Ordinary Shares' clause defines a specific category of shares within a company's capital structure, typically outlining the rights and privileges associated with these shares. In practice, this clause details aspects such as voting rights, dividend entitlements, and potential conversion features that distinguish Class A shares from other classes, like Class B or preferred shares. By clearly specifying the characteristics and rights attached to Class A Ordinary Shares, the clause ensures transparency for investors and helps prevent disputes regarding shareholder entitlements.
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Class A Ordinary Shares. The Class A Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The liability of holders of such Class A Ordinary Shares will be limited to the amount unpaid by the shareholder on such Class A Ordinary Shares except in exceptional circumstances; such Class A Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.
Class A Ordinary Shares. A total of 46,296,296 authorized Class A ordinary shares, par value US$0.0001 per share (the “Class A Ordinary Shares”), all of which are issued and outstanding.