Examples of Maximum Subscription Amount in a sentence
The option may be exercised in whole or in part at any time on or before the 45th day after the Company has sold the Maximum Subscription Amount, upon written notice by the Underwriter to the Company no later than 12:00 noon, New York City time, at least two business days before the closing (the “Option Closing”) for the Over-Subscription Shares (the “Option Closing Date”).
If the Maximum Subscription Amount has not been sold, the option for Over-Subscription Shares may not be exercised.
For each Subscriber the number of its Equity Support Shares shall be a pro rata portion of the Total Shaolin Shares, based on the ratio that the Maximum Subscription Amount of such Subscriber bears to the Total Maximum Subscription Amount.
In addition, in the event that the Maximum Subscription Amount has been met on or prior to the offering termination date, the Underwriter may exercise the over-subscription option on or prior to the offering termination date to extend the offering for an additional 45 days.
Based on the Maximum Subscription Amount of A$22,500,000, Retech expects to receive approximately A$21,150,000 of net proceeds from the Offer.