Extension Shares definition

Extension Shares means an aggregate of up to 225,000 shares of Common Stock included in the Extension Units; (iii) “Extension Warrants” shall mean an aggregate of up to 225,000 extension warrants to purchase 225,000 shares of Common Stock, included in the Extension Units; (iv) “Extension Units” shall mean an aggregate of up to 225,000 extension units which may be purchased separately by the Sponsor or its affiliates or designees in the event the Company is unable to consummate its Business Combination within 16 months of the date of the Offering, each extension unit consisting of one Extension Share and one Extension Warrant (v) “Founder Shares” shall mean the 6,208,333 shares of the Common Stock of the Company acquired by Sponsor for an aggregate purchase price of $25,000, or approximately $0.004 per share, prior to the consummation of the Offering; (vi) “Public Stockholders” shall mean the holders of securities issued in the Offering; (vii) “Placement Shares” shall mean the shares of Common Stock sold as part of the Placement Units; (viii) “Placement Warrants” shall mean the aggregate of 1,150,000 Warrants to purchase up to an aggregate of 1,150,000 shares of the Common Stock that are acquired as part of the Placement Units; (iv) “Placement Units” shall mean the aggregate of 1,150,000 Units of the Company (each Placement Unit consists of one Placement Warrant and one Placement Share) sold in a private placement simultaneous with the Offering for an aggregate purchase price of $11,500,000 to the Sponsor; (x) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Offering, the Private Placement and the Extension Units, if any, will be deposited; (xi) “Prospectus” shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented or amended from time to time; (xii) “Private Placement” shall mean that certain private placement transactions occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell 1,150,000 Placement Units to Quinpario Partners I, LLC, a Delaware limited liability company (the “Sponsor”); and (xii) “Insiders” shall mean the Sponsor and its respective members, any holder of the Placement Units or Extension Units, or its underlying securities or Founder Shares, any of their respective Permitted Transferees and each officer and director of the Company.
Sample 1Sample 2
Extension Shares shall have the meaning given in the Recitals hereto.
Sample 1Sample 2Sample 3
Extension Shares means the up to 1,212,960 SPAC Shares to be transferred by the Sponsor to certain unaffiliated third parties who executed non-redemption agreements with SPAC and the Sponsor in May 2023 pursuant to the terms thereof;
Sample 1Sample 2

Examples of Extension Shares in a sentence

  • The fair value of the Extension Shares was $190 at the time of issuance.

  • The fair value of the Grid Note has been further reduced by the fair value of the Extension Shares, resulting in a carrying value of $1,030 on initial recognition.

  • Without limiting the foregoing, each of the Parties, as applicable, hereby reaffirm the representations, warranties and acknowledgments set forth in Sections 3.2 and 3.6 of the Loan Agreement as they relate to the Initial SPAC Shares, the Extension Shares and any shares of Common Stock issued or transferred pursuant to Section 7 hereof.

  • Once the Extension Shares are registered, they will not bear any transfer restrictions, and will be freely tradeable by the Lender.

  • The Extension Shares, when issued, shall be deemed to be validly issued, fully paid, and non-assessable shares of the Company’s Common Stock.

  • The Extension Shares shall be deemed fully earned as of the date hereof.

  • The Sponsor’s 315,000 Common Shares are a portion of the 1,365,000 Common Shares that the Sponsor was originally issued as consideration for the Business Combination Extensions in the form of Class A Extension Shares, which, in connection with the Closing of the Business Combination, were reclassified into shares of Common Stock in accordance with the Reclassification.

  • APP hereby agrees that if Lender becomes entitled to own the Default Shares, the Extension Shares or the Warrant Shares (or any portion thereof), then APP shall take all appropriate actions to instruct Borrower's transfer agent to remove this legend from each of the Certificates.

  • In the event this Note is extended pursuant to the Extension, the Payee shall have the right to receive Extension Shares (as defined and in accordance with Section 5 of this Note).

  • At all times during which the Company may hold the Series A-3 Closing pursuant to the terms of the Purchase Agreement, the Company shall refuse to accept or otherwise recognize an option exercised by the Investor’s holding Second Tranche Extension Shares that is in violation of the provisions of this Section 3.11.


More Definitions of Extension Shares

Extension Shares means (a) the number of Parent Class A Ordinary Shares which may be issued in connection with amending Parent’s Governing Documents to give effect to any Parent Extension Proposal that is approved by Parent Shareholders, plus (b) the number of Extension Transfer Shares (as defined in the Sponsor Support Agreement), but which, together with the Shareholder Bonus Shares and the PIPE Incentive Shares, may not exceed the Bonus Shares Pool.
Sample 1
Extension Shares means the number of common shares in the capital of the Borrower that is valued on the Anniversary Date to be equivalent in cash value to $150,000.00 (3% of the principal amount of the Loan);
Sample 1
Extension Shares. As defined in Recital C.
Sample 1

Related to Extension Shares

  • Commitment Shares shall have the meaning set forth in Section 12.04.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Interest Shares means the shares of Common Stock and the related Preferred Share Purchase Rights issuable in payment of interest on the Note.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Acquisition Shares means each class of shares of beneficial interest of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Additional Shares shall have the meaning specified in Section 14.03(a).

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Exercise Shares means the shares of Common Stock issuable upon exercise of this Warrant.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).