Examples of Carlyle Shares in a sentence
Notwithstanding any provision to the contrary herein, prior to Stockholder Approval, for the purpose of this Agreement, Carlyle shall not be deemed to be the beneficial owner of (i) any shares of Permanent Preferred Stock, (ii) any shares of Common Stock issuable upon conversion of the Permanent Preferred Stock or (iii) any Carlyle Shares.
The authorized capital stock of Parent consists of 600,000 shares of Parent Common Stock of which, after giving effect to the Contribution and the Cash Equity Capitalization, a number of shares equal to the sum of the Rollover Shares and the Carlyle Shares will be the only issued and outstanding shares of capital stock.
In connection with the Amalgamation, Amarc acquired control of 5,500,000 Carlyle Shares at a deemed price of $0.25 per Carlyle Share as well as 5,500,000 Replacement Warrants pursuant to the terms of an amalgamation agreement dated December 16, 2020 (the “Amalgamation Agreement”), for a total deemed consideration of $1,375,000.
The Company is acquiring the Carlyle Shares for investment and not with a view toward or for sale or distribution thereof within the meaning of the Securities Act, or with any present intention of distributing or selling the Carlyle Shares within the meaning of the Securities Act.
The Company acknowledges that the Carlyle Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and is being offered and sold in reliance upon federal and state exemptions for transactions not involving any public offering.
As well, an aggregate of 5,500,000 Replacement Warrants were issued for the 5,500,000 warrants Amarc held of IMC, which Replacement Warrants are exercisable for a period of five years at $0.50 per Carlyle Share subject to accelerated expiry if Carlyle Shares trade over $1.00 for 20 consecutive days.
Amarc has acquired 5,500,000 Carlyle Shares, which represents approximately 12% of the 45,609,616 issued and outstanding Carlyle Shares not already owned by Amarc.
Amarc indirectly acquired the 5,500,000 Carlyle Shares and replacement warrants in Carlyle as a result of the Amalgamation.
Likewise, to extrapolate the hydrological analysis to the broader region, a small watershed hydrograph typology based on the SnowClusters snow regime classification should be developed for historical conditions.
SWAV has received certain information concerning Carlyle and has had the opportunity to obtain additional information as desired by Carlyle in order to evaluate the merits and the risks inherent in holding the Carlyle Shares.