Expected Proceeds definition

Expected Proceeds means, as of any date, the aggregate proceeds that would be expected to be received by a holder of securities from the sale of such securities in an offering made on such date (without being reduced by any pro forma expenses or underwriting discounts). The determination of Expected Proceeds shall be made (a) if the offering is intended to be made in an underwritten public offering, then by the intended managing underwriter of such offering or (b) if the offering is not intended to be made in an underwritten public offering, then by investment bankers mutually agreeable to the Company and the Holder, the fees and expenses of which shall be paid by the Company.
View Source
Expected Proceeds has the meaning set forth in Section 4.01(b)(x).
View Source

Examples of Expected Proceeds in a sentence

  • In the case of such Demand Registration, the Holder must request registration of Registrable Securities representing not less than such number of Registrable Securities the Expected Proceeds of which, on the date of the aforementioned written request, would equal at least $100 million unless such registration request is for all remaining Registrable Securities.

  • By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: CEO Number of Firm Shares to be Sold: 3,286,385 Number of Option Shares to be Sold: 492,957 Public Offering Price: $10.65 per Share Underwriting Discount: $0.57560 per Share Expected Proceeds to the Company (before underwriting discount and expenses): Approximately $40.25 million (assuming sale of Option Shares in full) None.

  • In the case of any Demand Registration, the Initiating Holders must request registration of Registrable Securities representing not less than such number of Registrable Securities the Expected Proceeds of which, on the date of the aforementioned written request, would equal at least $25 million.

  • By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Head of Capital Markets Number of Firm Shares to be Sold: 6,782,610 Number of Option Shares to be Sold: up to 1,017,390 Public Offering Price: $7.75 per Share Underwriting Discount: $0.445625 per Share Expected Proceeds to the Company (before underwriting discount and expenses): Approximately $60,450,000 (assuming sale of Option Shares in full) None.