Examples of Company Fully Diluted Shares in a sentence
The "Exchange Ratio" for Parent Common Stock shall be equal to the quotient obtained by dividing the Merger Consideration by the number of Company Fully Diluted Shares that are outstanding immediately prior to the Effective Time.
The definition of Company Fully Diluted Shares specifically does not include the shares of Local Bounti common stock issuable upon conversion of the convertible notes, but takes into account all other outstanding securities of Local Bounti.
Immediately prior to the Effective Time, the Company shall provide to Zhone a certificate of the Chief Executive Officer of the Company setting forth the number of Company Fully Diluted Shares.
Pursuant to the Merger Agreement, the Per Share Merger Consideration (as defined in the Merger Agreement) payable to Local Bounti’s stockholders is calculated by dividing the Stock Consideration (as defined in the Merger Agreement) by the Company Fully Diluted Shares (as defined in the Merger Agreement).
The Common Preferred Stock Amount equals the product of (x) the Preferred Stock Consideration MINUS the Series B Preferred Stock Amount MINUS the Series A Preferred Stock Amount multiplied by (y) a fraction, the numerator of which is the number of shares of Common Stock outstanding and the denominator of which is the difference between Company Fully Diluted Shares and the number of shares of Common Stock issuable upon the conversion of the Preferred Shares outstanding as of the Effective Time.