Common use of Post-Effective Amendment Clause in Contracts

Post-Effective Amendment. Once the agreement(s) governing the acquisition(s) of a business(es) meeting the above criteria has (have) been executed. Rule 419 requires the Company to update the registration statement of which the prospectus relative to the acquisition registration is a part with a post-effective amendment. The post-effective amendment must contain information about: the proposed acquisition candidate(s) and its business(es), including audited financial statements; the results of this offering, and the use of the funds to be disbursed from the escrow account. The post-effective amendment must also include the terms of the reconfirmation offer mandated by Rule 419. The offer must include certain prescribed conditions (80% of the investors must reconfirm the offering) which must be satisfied before the Deposited Funds and Deposited Securities can be released from escrow.

Appears in 2 contracts

Samples: Subscription Escrow Agreement (Triton Acquisition Co), Subscription Escrow Agreement (Triton Acquisition Co)

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Post-Effective Amendment. Once the agreement(s) governing the acquisition(s) of a business(es) meeting the above criteria has (have) been executed. , Rule 419 requires the Company to update the registration statement of which the prospectus relative to the acquisition registration is a part with a post-effective amendment. The post-effective amendment must contain information about: the proposed acquisition candidate(s) and its business(es), including audited financial statements; the results of this offering, : and the use of the funds to be disbursed from the escrow account. The post-effective amendment must also include the terms of the reconfirmation offer mandated by Rule 419. The offer must include certain prescribed conditions (80% of the investors must reconfirm the offering) which must be satisfied before the Deposited Funds and Deposited Securities can be released from escrow.

Appears in 2 contracts

Samples: Subscription Escrow Agreement (Anfield Acquisitions, Inc.), Subscription Escrow Agreement (Anfield Acquisitions, Inc.)

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Post-Effective Amendment. Once the agreement(sAgreement (s) governing the acquisition(s) of a business(es) meeting the above criteria has (have) been executed. identified, Rule 419 requires the Company to update the registration statement of which the this prospectus relative to the acquisition registration registrant is a part with a post-effective amendment. The post-effective amendment must contain information about: the proposed acquisition candidate(s) and its business(es), including audited financial statements; the results of this offering, ; and the use of the funds to be disbursed from the escrow account. The post-effective amendment must also include the terms of the reconfirmation offer mandated by Rule 419. The offer must include certain prescribed conditions (80% of the investors must reconfirm the offering) which must be satisfied before the Deposited Funds and Deposited Securities can be released from escrow.

Appears in 1 contract

Samples: Subscription Escrow Agreement (Gold Standard Mining Co)

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