Secondary Sales. The PIPE may include sales of up to USD 5 million of PubCo Shares held by the former shareholders of the Company if Gross Cash equals USD 70 million. If Gross Cash exceeds USD 70 million, sales of PubCo Shares held by the former shareholders of the Company may exceed USD 5 million.
Appears in 2 contracts
Samples: Business Transaction Agreement (Modern Media Acquisition Corp. S.A.), Business Transaction Agreement (Modern Media Acquisition Corp.)
Secondary Sales. The PIPE may include sales of up to USD 5 4 million of PubCo Shares held by the former shareholders of the Company if Gross Cash equals USD 70 million. If Gross Cash exceeds USD 70 million, sales of PubCo Shares held by the former shareholders of the Company may exceed USD 5 millionCompany.
Appears in 2 contracts
Samples: Business Transaction Agreement (Modern Media Acquisition Corp. S.A.), Business Transaction Agreement (Modern Media Acquisition Corp.)
