Initial Stockholder Shares definition

Initial Stockholder Shares means the 6,579,861 shares of Novus’s Class B common stock, initially purchased by the Novus Initial Stockholders in a private placement in connection with the IPO of which 657,986 shares will be forfeited upon the consummation of the Business Combination and the remaining 5,921,874 shares will automatically convert to Novus Common Stock upon consummation of a business combination by Novus.

Initial Stockholder Shares means the 2,875,000 shares of Adara’s Class B common stock, initially purchased by the Sponsor in a private placement in connection with the IPO of which (i) 50,000 shares were transferred to ThinkEquity and its designees and (ii) between 875,000 and 1,375,000 of such shares are subject to forfeiture by the Sponsor upon consummation of the Business Combination, the exact number to be determined by Alliance, which will automatically convert to Combined Company Common Stock upon consummation of a business combination by Adara.

Initial Stockholder Shares means the 2,500,000 shares of Novus Common Stock initially purchased by the Novus Initial Stockholders in a private placement in connection with the IPO.

Examples of Initial Stockholder Shares in a sentence

• Escrow Agent shall then deduct from the Initial Stockholder Shares the number of shares so gifted and transfer them on Escrow Agent’s records to the donee.

• The term Preferred Stockholder as used herein refers to any such Preferred Stockholder in its capacity as a holder of Preferred Shares, Preferred Stockholder Registrable Securities and Underlying Common Stock and as a subscriber for Preferred Stock pursuant to the Exchange Agreement or Class C Purchase Agreement and not in its capacity as a holder of Initial Stockholder Shares or Initial Registrable Securities or as an Initial Stockholder.

• Pursuant to the Sponsor Support Agreement, the Adara Initial Stockholders have agreed to vote all of their Initial Stockholder Shares and any Public Shares acquired by them in favor of the Business Combination and each of the Stockholder Proposals.

• The term Initial Stockholder refers to any such Initial Stockholder in its capacity as a holder of Initial Stockholder Shares and Initial Registrable Securities and as an Initial Stockholder and not in its capacity as a holder of Preferred Shares, Preferred Stockholder Registrable Securities or Underlying Common Stock or as a subscriber for Preferred Stock pursuant to the Exchange Agreement or the Class C Purchase Agreement.

• On or before the effective date of a Registration Statement filed in accordance with Rule 419 (the “Effective Date”), each of the Initial Stockholder shall deliver to the Escrow Agent certificates representing its respective Initial Stockholder Shares, to be held and disbursed subject to the terms and conditions of this Agreement.

More Definitions of Initial Stockholder Shares

Initial Stockholder Shares means the 4,687,500 shares of Common Stock owned by the Initial Stockholder, prior to the Private Placement.

Initial Stockholder Shares has the meaning set forth in the preamble.

Initial Stockholder Shares means the 2,500,000 shares of Novus common stock initially purchased by the Novus Initial Stockholders in a private placement in connection with the Novus IPO.

Initial Stockholder Shares means (i) any Common Stock held by Initial Stockholders on the date hereof, (ii) any capital stock or other Equity Securities issued or issuable directly or indirectly with respect to the Common Stock referred to in clause (i) above by way of stock dividend, stock split, merger reorganization, reclassification, whether voluntary or involuntary,

Initial Stockholder Shares means all of the Common Stock held by the Initial Stockholders as of the date hereof and any Common Stock issued as a dividend or other distribution with respect to or in exchange for or in replacement of such shares of Common Stock. "MAXIMUM NUMBER OF SHARES" is defined in Section 2.1.5.

Initial Stockholder Shares has the meaning set forth in the recitals.

Initial Stockholder Shares means 1,500,000 shares of Class A common stock that currently are owned by the Adara Initial Stockholders, The Initial Stockholder Shares were shares of Class B common stock, par value $0.0001 per share, of Adara that automatically converted into shares of Class A common stock upon the closing of the Business Combination.