Examples of Founders’ Common Stock in a sentence
The offers and sales of the Founders’ Common Stock and Sponsors’ Warrants were at all relevant times, based in part on the representations and warranties of the purchaser of such securities, exempt from registration under the Act.
The CEO’s and Founders’ Common Stock will together constitute the Company’s founding shareholders prior to the sale of additional shares to key employees, advisors, or investors in the Company’s Initial Capitalization.
Subject to certain limited exceptions, the Founders’ Common Stock will be held in escrow until one year after the consummation of an Initial Business Combination.
With respect to the Initial Business Combination Vote, the Company shall cause the Founders to vote all their Founders’ Common Stock in accordance with a majority of the shares of Common Stock voted by the Public Stockholders and to vote any other shares of Common Stock held by them, whenever and however acquired, in favor of the Initial Business Combination.
In addition, the Sponsors and the Company’s officers and directors have agreed not to sell or otherwise transfer the Founders’ Common Stock as described in the Prospectus.