Examples of IPO Conditions in a sentence
Call OptionThe seller has granted a Call Option to the Company, requiring the seller to sell the remaining 20% equity interest in XIT Group in the event that XIT Group fails to achieve or meet the No IPO Conditions and the Put Option was not exercised within the stipulated period.The Call Option shall be exercisable by the Company in writing by notice served on the seller at any time within one hundred and twenty (120) days from the Earn-Out Determination Date.
If all the IPO Conditions are satisfied, the Company must convert all of the noteholder’s notes at $0.56 per share (post consolidation).
If, 20 days before 31 July 2018, certain IPO conditions are not met, including the receipt of application moneys under a prospectus and the receipt of conditional approval from the ASX to admit the Company to official list of the ASX (IPO Conditions), then the noteholder can convert all or part of the noteholder’s notes into Shares at $0.50 per share (post consolidation).