Examples of Class A Restricted Voting Share in a sentence
Following a Qualifying Acquisition, each Warrant will entitle the holder thereof to purchase one Class A Restricted Voting Share (and upon closing of a Qualifying Acquisition, each Warrant would represent the entitlement to purchase one Class B Share), at an exercise price of $11.50, subject to normal anti-dilution adjustments, for a five-year period following completion by the Corporation of a Qualifying Acquisition.
At the Closing Date of a Qualifying Acquisition, each whole Warrant entitles the holder thereof to purchase one Class A Restricted Voting Share at an exercise price of $11.50, subject to anti-dilution adjustments.The Warrants would become exercisable only commencing 65 days after the completion of a Qualifying Acquisition, at which time, as the remaining Class A Restricted Voting Shares would have been automatically converted into Common Shares, each whole Warrant would be exercisable for one Common Share.
In addition, the Corporation’s financial liabilities also include Class A Restricted Voting Share subject to redemption and warrant liability which are classified and subsequently measured at FVTPL.
AMC has executed a make whole agreement and undertaking in favour of the Corporation, whereby AMC has agreed to indemnify the Corporation in certain limited circumstances where the funds held in the Escrow Account are reduced to below $10.00 per Class A Restricted Voting Share.
Each Warrant is exercisable to purchase one Class A Restricted Voting Share (which, following the closing of the Qualifying Transaction, will become one Subordinate Voting Share) at a price of $11.50 per share.
Each Class A Restricted Voting Share, unless previously redeemed, will be automatically converted into one Subordinate Voting Share following the closing of a Qualifying Transaction.
Each Whole Warrant is exercisable to purchase one Class A Restricted Voting Share (which, following the closing of the Qualifying Transaction, will become one Subordinate Voting Share).In connection with the Offering, the Corporation granted the underwriter a 30-day non-transferable option to purchase up to an additional 5,250,000 Class A Restricted Voting Units, at a price of $10.00 per Class A Restricted Voting Unit, to cover over-allotments, if any, and for market stabilization purposes.
Each whole Warrant entitles the holder to purchase one Class A Restricted Voting Share for a purchase price of $ 11.50, commencing sixty-five (65) days after the completion of a Qualifying Acquisition and will expire on the day that is five years after the Closing Date of a Qualifying Acquisition or earlier.The Class A Restricted Voting Units commenced trading on August 15, 2019 on the Toronto Stock Exchange (the “Exchange”) under the symbol “BC.V”.
In addition, in the Corporation’s prospectus dated August 8, 2019 (the “Prospectus”), the Corporation published an estimate of the amount per Class A Restricted Voting Share which it expects in the escrow account as at the end of the Permitted Timeline.
Each Class A Restricted Voting Unit consisted of one Class A Restricted Voting Share and one half of a warrant.