Class B Conversion Ratio means a fraction, the numerator of which shall be 24.574 plus the number of shares of Class B Common Stock held by the holders and the denominator of which shall be 225.
Class B Conversion Ratio means the ratio at which SPAC Successor Class B Common Stock are automatically convertible into SPAC Successor Class A Common Stock pursuant to the SPAC Successor Certificate of Incorporation (for the avoidance of doubt, without giving effect to any adjustment provision of the SPAC Successor Certificate of Incorporation that would result in such ratio being greater than one-to-one).
Class B Conversion Ratio means the ratio at which Acquiror Class B Common Stock are automatically convertible into Acquiror Class A Common Stock pursuant to the Existing Acquiror Charter.
Examples of Class B Conversion Ratio in a sentence
Such conversion shall be based on the New Convertible Notes Class B Conversion Ratio until the day that is sixty (60) days after the Five- Year Conversion Date.
More Definitions of Class B Conversion Ratio
Class B Conversion Ratio means the ratio at which the shares of CIIG Class B Common Stock are automatically convertible into shares of CIIG Class A Common Stock pursuant to Section 4.3(b) of the Amended and Restated Certificate of Incorporation, taking into account the waiver by the CIIG Holders of the provisions of Section 4.3(b)(ii) of the CIIG Amended and Restated Certificate of Incorporation relating to the adjustment of the Class B Conversion Ratio pursuant to Section 2(a) of the Transaction Support Agreement. As of the date of this proxy statement/prospectus, each share of CIIG Class B Common Stock converts into CIIG Class A Common Stock on a one-for-one basis.
Class B Conversion Ratio means the quotient obtained by dividing the Merger Consideration payable pursuant to Section 2.01(a)(ii) by the sum of the number of the shares of Class B Common Stock issued and outstanding as of the Effective Time.
Class B Conversion Ratio means the ratio formula described in Section 5(b) hereof.
Class B Conversion Ratio means the ratio at which SPAC Class B Ordinary Shares are automatically convertible into SPAC Class A Ordinary Shares pursuant to article 53 of SPAC Articles of Association.
Class B Conversion Ratio means the ratio at which the shares of Parent Class B Stock are automatically convertible into shares of Parent Class A Stock pursuant to Section 4.3(b) of Parent Charter.
Class B Conversion Ratio means the ratio at which the shares of GAMC Class B Common Stock are automatically convertible into shares of GAMC Class A Common Stock pursuant to Section 4.3(b) of the GAMC Certificate of Incorporation.