Implied Market Capitalization definition
Implied Market Capitalization means, as of any date, the greater of (1) the 30-day VWAP of the Common Shares measured as of such date, multiplied by the average number of shares outstanding as of the close of trading on each date during the measurement period of such 30-day VWAP; or (2) the aggregate equity value of the Company implied by the total per share consideration (or cash equivalent thereof) payable in connection with any transaction that constitutes a Fundamental Change.
Implied Market Capitalization means, as of any date, the greater of (i) the 30-day VWAP of the Common Shares measured as of such date, multiplied by the average number of shares outstanding as of the close of trading on each date during the measurement period of such 30-day VWAP and (ii) the aggregate equity value of the Company implied by the total per share consideration (or cash equivalent thereof) payable in connection with any transaction that constitutes a Fundamental Change.
Examples of Implied Market Capitalization in a sentence
The Implied Market Capitalization shall be determined by multiplying the average closing price per share of PSB Common Stock for the 20 trading-day period commencing on the initial public offering date or spin-off payment date, respectively, times the number of shares issued and outstanding on a fully diluted basis upon consummation of the public offering.