Examples of Delaware Common Stock in a sentence
Any shares of Delaware Common Stock remaining after the share exchange swap program expires will be distributed to the remaining shareholders of Allarity A/S by an extraordinary dividend or liquidating distribution, subject to any required withholding for taxes.
As of the date of this information statement, prospectus, we anticipate issuing approximately 8,075,824 shares of Delaware Common Stock in the Recapitalization Share Exchange.
Delaware Common Stock ALICO Holdings LLC 7.9%1 7.9% 78,239,712 MetLife, Inc.
In connection with the completion of the Recapitalization Share Exchange, we intend to list the Delaware Common Stock to be issued in the Recapitalization Share Exchange on the Nasdaq Stock Market under the symbol “ALLR”.
Xxxxxx, 1,761,937 of Xx. Xxxxxxxx’x unvested warrants and 430,696 of Xx. Xxxxxx’x unvested warrants will accelerate and become vested when such warrants are converted into options to purchase Delaware Common Stock.
A/S will then be given the opportunity to exchange their ordinary shares of Allarity A/S for an amount of Delaware Common Stock equal to the Exchange Ratio rounded down to the nearest whole number during the share swap program and any fractional interest will be settled in cash.
Prior to the consummation of this offering, there has been no public market for our Delaware Common Stock.
Each Allarity A/S shareholder who is required to file a federal income tax return and who is a “significant holder” that receives Delaware Common Stock in the Recapitalization Share Exchange will be required to file a statement with the holder’s federal income tax return setting forth, among other things, the holder’s basis in the Allarity A/S ordinary shares surrendered and the fair market value of the Delaware Common Stock and cash, if any, received in the Recapitalization Share Exchange.
Stock Exchange Listing The completion of the Recapitalization Share Exchange and the PIPE Investment is conditioned upon the shares of Delaware Common Stock being approved for listing on the Nasdaq Stock Market, subject to official notice of issuance.
The number of shares of Allarity Delaware voting common stock that will be issued in the transaction is determined by an exchange ratio of 0.02 share of Delaware Common Stock for each ordinary share of Allarity A/S (the “Exchange Ratio”) outstanding at the closing.