Examples of Founder in a sentence

On February 8, 2024, the Sponsor surrendered 1,437,500 Founder Shares for no consideration, resulting in the Sponsor holding 5,750,000 Founder Shares.
No underwriting discounts, commissions or placement fees have been or will be payable in connection with the purchase of Founder Shares.
In the event that the Over-allotment Option is not exercised in full, the Sponsor will be required to forfeit such number of Founder Shares (up to 750,000 Founder Shares) such that the Founder Shares then outstanding will comprise 20.0% of the issued and outstanding ordinary shares of the Company after giving effect to the Offering and exercise, if any, of the Over-allotment Option.
The holders of Founder Shares shall have no right to any liquidating distributions from the Trust Account with respect to their Founder Shares in the event the Company fails to consummate a Business Combination.
On June 7, 2024, the Sponsor transferred 30,000 Founder Shares to each of the Company’s three independent directors (an aggregate of 90,000 Founder Shares) at their original purchase price, resulting in the Sponsor holding 5,660,000 Founder Shares.

More Definitions of Founder

Founder has the meaning set forth in the Preamble.

Founder means each of Xxxxx X. Xxxxxxx and Xxxx X. Xxxxxxx.

Founder means, in respect of an issuer, a person who, (i) acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the issuer, and (ii) at the time of the trade is actively involved in the business of the issuer;

Founder means, in respect of an issuer, a person who (i) acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the issuer, and (ii) at the time of the trade is actively involved in the business of the issuer;

Founder and “Founders” shall have the meaning ascribed to it in the preamble of this Agreement.

Founder shall have the meaning ascribed to it in the preamble.

Founder has the meaning ascribed to it in the Preamble to this Agreement.