Free Trading Shares definition

Free Trading Shares means shares of Common Stock that are covered by a Registration Statement with an effective date prior to the date such shares are delivered to Investor's Counsel.
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Free Trading Shares means any and all shares which are freely saleable on the public markets, even if subject to the quantity limitations of Rule 144(e) of the Securities Act of 1933.
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Free Trading Shares is defined in Section 4.9.1.
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Examples of Free Trading Shares in a sentence

  • The Company shall repurchase all Free Trading Shares of the Shareholder before it repurchases any Restricted Shares of the Shareholder.

  • Therefore, the Company must first use $400,000 of the life insurance proceeds to repurchase the 100,000 Free Trading Shares and, second, use the remaining $110,000 of the life insurance proceeds to repurchase as many Restricted Shares as possible with that amount of money (in this case, the Company would repurchase 45,833 of the Restricted Shares, leaving the Shareholder's estate with 54,167 Restricted Shares subject to the Repurchase Right set forth in Section 4 below).

  • Example: The Shareholder had 100,000 Free Trading Shares for which the repurchase price equaled $400,000 and 100,000 Restricted Shares for which the repurchase price equaled $240,000.

  • The repurchase price of the Shares which the Shareholders and/or the Company elect to purchase pursuant to the Repurchase Right (the "Repurchase Price") shall be (i) for Free Trading Shares, the average closing bid price for the stock over the last sixty (60) trading days; or (ii) for Restricted Shares, the average closing bid price for the stock over the last sixty (60) trading days with a forty percent (40%) discount.

  • The repurchase price of the Shares which the Company must purchase pursuant to the Repurchase Requirement (the "Repurchase Price") shall be (i) for Free Trading Shares, the average closing bid price for the stock over the last sixty (60) trading days; or (ii) for Restricted Shares, the average closing bid price for the stock over the last sixty (60) trading days with a forty percent (40%) discount.

  • Aquablue Spring Water International, Inc.(Canada) By: CEO & Chairman Aquablue International, Inc.(Nevada) By: Sole Officer & Director EXHIBIT A LIST OF AQUABLUE SHAREHOLDERS Affiliate Shareholders: Restricted Shares Free Trading Shares Xxxxxx Xx Xxxxx: 48,051,150 0000 XXX XXXXXXXX EST LAVAL QC H7A1R8 CANADA Xxxxxx Xxxxxxxxxx 12,743,750 Put Cert under… AMIN Corp.

  • Subject to the terms and conditions of this Agreement, all Free Trading Shares, funds, and Restricted Shares (collectively, the "Escrowed Property") received by the Escrow Agent pursuant to the terms of this Agreement and any interest earned thereon shall be held, pending disbursement, in the Escrow Agent's designated brokerage account.

  • The Client also agrees to transfer an additional 115,000 Restricted Shares (eligible to become Free Trading in accordance with SEC rule 144) to Consultant upon signing this agreement, to be held as collateral until the original 115,000 Restricted Shares are successfully converted into Free Trading Shares, at which time the 2nd 115,000 Restricted Shares certificate will be returned to the Client.

  • The Free Trading Shares shall be issued pursuant to the Registration Statement, and a prospectus supplement thereto and free of legends.

  • Any subsequent holder of shares of Series D Convertible Preferred Stock shall be afforded all of the rights of any original Holder hereunder by the Company, including, but not limited to Conversion rights and where applicable under applicable laws, the rights to Free Trading Shares upon Conversion.


More Definitions of Free Trading Shares

Free Trading Shares means 15% of the Consideration Shares issued to the Sellers under this Agreement. For avoidance of doubt, all Consideration Shares, including the Free-trading Shares, will be placed with the Broker in accordance with Section 2.4 hereof.
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Free Trading Shares means the 333,333 shares of Common Stock being issued under this Agreement which shall be issued to the Purchaser as free trading stock (no restrictions).
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Free Trading Shares means the 5,000,000 Singapore NewCo Ordinary Shares referred to in Section 9.2(g) of the Share Exchange Agreement, the 1,000,000 Singapore NewCo Ordinary Shares to be issued to a third party adviser or consultant referred to in section 4 of the Third Amendment to the Share Exchange Agreement, the 264,000 Singapore NewCo Ordinary Shares to be issued to 8i Enterprises Pte Ltd upon the consummation of the Business Combination and the Singapore NewCo Ordinary Shares to be issued to 8i Enterprises Pte Ltd by virtue of the various promissory notes issued by the Purchaser.
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Related to Free Trading Shares

  • Qualifying Shares means shares of Common Stock which either (i) have been owned by the Grantee for more than six (6) months and have been “paid for” within the meaning of Rule 144 promulgated under the Securities Act, or (ii) were obtained by the Grantee in the public market.

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Offering Shares means the shares of Common Stock issued to the Purchasers pursuant to the Subscription Agreements, and any shares of Common Stock issued or issuable with respect to such shares upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing.

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

  • Full Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

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

  • Purchase Shares has the meaning set forth in Section 2.1.

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Rights Offering Shares means, collectively, the shares of New Common Stock issued in the Rights Offering.

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Available Shares means the sum of (i) one hundred fifty thousand (150,000) shares of Common Stock, and (ii) an annual increase on April 1st of each calendar year, beginning in 2022 and ending in 2031 (each a “Date of Determination”), in each case subject to the approval and determination of the Administrator on or prior to the applicable Date of Determination, equal to the lesser of (A) four percent (4%) of the total shares of Common Stock of the Company outstanding on the last day of the immediately preceding fiscal year and (B) such smaller number of shares as determined by the Administrator (the “Share Limit”). Notwithstanding the foregoing, shares added to the Available Shares by the Share Limit are available for issuance as Incentive Stock Options only to the extent that making such shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. In the event that the Administrator shall not take action to affirmatively approve an increase in the Share Limit on or prior to the applicable Date of Determination, the Share Limit and Available Shares, shall remain at such level as they were prior to such applicable Date of Determination. For clarity, the Available Shares is a limitation on the number of shares of Common Stock that may be issued pursuant to the Plan.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

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

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Company Outstanding Shares means the total number of shares of Company Common Stock outstanding immediately prior to the Effective Time, expressed on a fully-diluted and as-converted to Company Common Stock basis.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.