Examples of Cayman Constitutional Documents in a sentence
The Proposed Organizational Documents differ in certain material respects from the Cayman Constitutional Documents and SCH encourages shareholders to carefully review the information set out in the section entitled “Organizational Documents Proposals” and the full text of the Proposed Organizational Documents of SoFi Technologies.
Requires an ordinary resolution under the Companies Act, being the affirmative vote of a majority of the Motive Ordinary Shares represented in person or by proxy and entitled to vote thereon and who vote at the Extraordinary Meeting.Under the terms of the Cayman Constitutional Documents, only the holders of Motive Class B Shares are entitled to vote on the Director Election Proposal.
Authorize the Board of Directors toIssue Preferred Stock Without Stockholder Consent (Organizational Documents Proposal B) Classified Board (Organizational Documents Proposal C)The Cayman Constitutional Documents authorize theissuance of 5,000,000 preferred shares with such designation, rights and preferences as may be determined from time to time by RTP’s board of directors.
The Cayman Constitutional Documents do not provide restrictions on takeovers of RTP by a related shareholder following a business combination.
See Article Seventh of the Proposed Certificate ofIncorporation.Exclusive Forum (Organizational Documents Proposal D) Takeovers by Interested Stockholders (Organizational Documents Proposal E)The Cayman Constitutional Documents do not contain a provision adopting an exclusive forum for certain shareholder litigation.
Table of Contents ● Proposal No. 3B: Exclusive Forum Provision — A proposal to amend the Cayman Constitutional Documents to authorize adopting Delaware as the exclusive forum for certain stockholder litigation.
Under the terms of the Cayman Constitutional Documents, only the holders of Motive Class B Shares are entitled to vote on the Director Election Proposal.
See the section entitled “BCA Proposal — Interests of SCH’s Directors and Executive Officersin the Business Combination” in this proxy statement/prospectus for a further discussion of these considerations.Pursuant to the Cayman Constitutional Documents, a holder of public shares (as defined herein) (a “public shareholder”) may request of SCH that Opendoor Technologies redeem all or a portion of its public shares for cash if the Business Combination is consummated.
The provisions of the Proposed Organizational Documents will differ materially from the Cayman Constitutional Documents.
Pursuant to the Cayman Constitutional Documents, a holder of public shares (as defined herein) (a “public shareholder”) may request of CCAC that Quanergy PubCo redeem all or a portion of its public shares for cash if the Business Combination is consummated.