Builder Shares definition

Builder Shares means any security issued or issuable upon conversion of another security to:
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Builder Shares means, except in the case of a SPAC, any security issued or issuable upon conversion of another security to:
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Builder Shares means, except in the case of a SPAC, any security issued orissuable upon conversion of another security to:
Sample 1Sample 2Sample 3

Examples of Builder Shares in a sentence

  • For Issuers not yet generating revenue from business activity, CNSX will not consider an application where Builder Shares have been issued for less than $0.005 in the previous 18 month period.

  • For Issuers not yet generating revenue from business activity, Thethe Exchange will not consider an application where Builder Shares have been issued for less than $0.005 in the previous 18 month period.

  • The founding shareholders must agree not to transfer any of their SPAC Builder Shares prior to the completion of a Qualifying Acquisition and that in the event of liquidation and delisting, SPAC Builder Shares will not participate in the liquidation distribution.

  • The Company had a $928,526 loan outstanding with SoftLab9 which has been eliminated on completion of the RTO.As a condition of the CSE to complete the RTO and adhere to the CSE policy on Builder Shares, related party debt of $109,510 was settled for common shares, cash capital contribution of $311,760 and 28,125 shares held by the CEO were cancelled.

  • In accordance with Section C2.6, holders of shares other than SPAC Builder Shares must be entitled to redeem their shares for their pro rata portion of the escrowed funds in the event that the Qualifying Acquisition is completed.

  • For Listed Issuers not yet generating revenue from business activity, the Exchange will not consider an application where Builder Shares have been issued for less than $0.005 in the previous 24-month period.

  • In 2021 as a condition of the CSE to complete the RTO and to adhere to the CSE policy on Builder Shares, related party debt of $109,510 was settled for common shares, cash capital contribution of $311,760 and 28,125 shares held by the CEO were cancelled.

  • A liquidation distribution or similar feature that will provide holders, for each share held, if the qualifying transaction is not completed within the permitted time as set out in section 2C.4(1), an amount equal to the aggregate amount remaining in the escrow account (net of applicable taxes and expenses related to liquidation distribution) divided by the number of shares outstanding, excluding SPAC Builder Shares.

  • The terms of purchase of SPAC Builder Shares must be disclosed in the IPO prospectus.

  • Notwithstanding the specific restrictions set out in 2A.5(4), the Exchange may determine that the number of Builder Shares combined with shares issued at or near the Builder Share threshold price appears to be excessively dilutive or imbalanced.


More Definitions of Builder Shares

Builder Shares means any security issued or issuable uponconversion of another security to:
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Builder Shares means the respective percentage shares of each pair of affiliated Settling Builders to be included in the Plan Supplement.
Sample 1

Related to Builder Shares

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Company Shares has the meaning set forth in the Recitals.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.