Examples of Initial Acquisitions in a sentence
Private Investments, at Fair Value Through Profit or Loss (continued) In connection with the closing of the Initial Acquisitions the Company paid $750,000 and issued a total of 11,476,205 common shares of the Company, at a fair value of $7,344,771, to Novel for total consideration of $8,094,771 (the “Novel Consideration”) and issued a total of 6,006,626 common shares of the Company, at a fair value of $3,844,241, to finders (the “Finders’ Shares”).
In addition, the Company has agreed to pay Novel net profits interest shares in the Initial Acquisitions convertible up to an additional 65,031,826 common shares of the Company.
Post closing of the Initial Acquisitions certain principals of Novel have been appointed as officers of the Company to provide ongoing investment oversight services in respect of the Company’s plant-based investments.
The Novel Consideration, the Finders’ Shares amounts and the NPI Consideration, totalling $53,559,381, have been expensed as transaction costs incurred for the Initial Acquisitions during fiscal 2021.
Neither the Borrower nor any of its Subsidiaries is subject to regulation under the Public Utility Holding Company Act of 1935, the Federal Power Act, the Interstate Commerce Act, or the Investment Company Act of 1940, or any other federal, state or local statute, ordinance or regulation which limits its ability to incur indebtedness or its ability to consummate the transactions contemplated hereby or in connection with Initial Acquisitions, the Mergers, the Public Offering and the Related Transactions.