Founder Share definition

Founder Share means a new class of share, designated as the Founder Share, which shall carry the rights, privileges, restrictions and conditions as set forth in the Articles following the Effective Date.

Founder Share means the 1 (one) NewCo Ordinary Share which AGA holds in NewCo as at the Last Practicable Date, which NewCo Ordinary Share was issued to AGA upon the incorporation of NewCo;

Founder Share means the founder share in the capital of the Corporation;

Examples of Founder Share in a sentence

• On March 22, 2021, the Company issued a dividend of 0.2 Founder Shares for every issued and outstanding Founder Share resulting in the Sponsor holding 5,187,500 Founder Shares.

• No dividend or other distribution shall be payable to holders of Ordinary Shares if the directors reasonably believe that payment will leave insufficient cash flows to enable the Company to pay the Founder Share dividend with respect to the accounting period in which such dividend or other distribution is proposed to be paid or made.

• The Parties intend that the Founder Share Conversion will be treated as a tax-free recapitalization under Section 368(a)(1)(E) of the Internal Revenue Code of 1986, as amended.

• Based on the assessment, develop educated guesses as to why this problem is occurring.

• In August 2021, the Company issued a share dividend of 0.25 shares for each Founder Share outstanding, resulting in the Sponsor holding 1,437,500 Founder Shares.

More Definitions of Founder Share

Founder Share an ordinary share of no par value in the Founder;

Founder Share means a founder share of par value US$0.001 in the

Founder Share means each share of SEAC Class B Common Stock held by the Founder Holders.

Founder Share means a Class B ordinary share, par value $0.0001 per share, of Artisan; “Initial Closing” means the closing of the Initial Merger;

Founder Share means a new class of share, designated as the Founder Share, which shall carry the rights, privileges, restrictions and conditions as set forth in the Articles following the Effective Date.SHOPIFY MANAGEMENT INFORMATION CIRCULAR​​G-2TABLE OF CONTENTS

Founder Share means a Share of the Class described in clause 2.2; "Founder Shareholder" means a holder of a Founder Share; "Investor Share" means a Share of the Class described in clause 2.3; "Investor Shareholder" means a holder of an Investor Share;

Founder Share means a share of Class B common stock of SPAC, par value $0.000001 per share.