Class A Ordinary Share definition
Examples of Class A Ordinary Share in a sentence
At the Effective Time, every issued and outstanding Purchaser Public Unit shall be automatically separated and the holder thereof shall be deemed to hold one Purchaser Class A Ordinary Share and one-third (1/3rd) of a Purchaser Public Warrant, which underlying Purchaser Securities shall be converted in accordance with the applicable terms of this Section 1.9 below.
At the Effective Time, each issued and outstanding Purchaser Class A Ordinary Share that is not redeemed or converted in the Closing Redemption and Purchaser Class B Ordinary Share (other than Purchaser Dissenting Shares or those described in Section 1.9(d) below) shall be converted automatically into and thereafter represent the right to own one share of Pubco Common Stock.
Each Eagle Share Right shall entitle the holder thereof to receive one twenty-fifth (1/25) of one Class A Ordinary Share upon consummation of the Exchange Event.
In an Exchange Event where the Company is not the surviving entity, each holder of an Eagle Share Right must affirmatively convert its Eagle Share Right in order to receive one twenty-fifth (1/25) of one Class A Ordinary Share upon consummation of the Exchange Event, unless such requirement is otherwise waived by the Company.
At the time of the Exchange Event, the Company will instruct the Rights Agent to round down to the nearest whole Class A Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Cayman Islands law and the Articles.