Novus Common Stock definition
Examples of Novus Common Stock in a sentence
Based on such market values, Novus’s board of directors and officers will have an unrealized gain of approximately $52.4 million on their Novus securities; • our directors and officers and their affiliates have agreed to purchase an aggregate of 1,100,000 shares of Novus Common Stock in the PIPE at a purchase price of $10.00 per share, which purchase will not occur if Novus does not complete the Business Combination; • Messrs.
On September 8, 2021, Novus, Energy Vault and the Founders entered into the Sponsor Support Agreement (the “Sponsor Support Agreement”) pursuant to which the Founders agreed to vote all of their shares of Novus Common Stock in favor of the approval and adoption of the Stockholder Proposals.
Based on the closing sale price of Novus Common Stock on the Record Date, each such individual’s membership interest have a value of $1,191,535 and will have an unrealized gain on this investment of $941,535 (based on the closing sale price of the Novus Common Stock of $9.96 as of the Record Date) .
Such shares and warrants have an aggregate market value of approximately $65.2 million based on the closing prices of Novus Common Stock and warrants of $9.96 and $1.24, respectively on the NYSE on the Record Date, assuming no shares of Novus Common Stock are redeemed by the Public Stockholders and giving effect to the the forfeiture of 598,077 Founder Shares by Novus’s directors and officers and their affiliates.
In addition, we have the ability to redeem outstanding Public Warrants commencing ninety days after they become exercisable and prior to their expiration, at a price of $0.10 per warrant if, among other things, the last reported sale price of our Novus Common Stock equals or exceeds $10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) on the trading day prior to the date on which we send the notice of redemption to the warrant holders.
This could cause the market price of Novus Common Stock to drop significantly, even if our business is doing well.
Additionally, at the Closing, approximately 15,000,000 shares of Novus Common Stock will be issued to the Subscribers upon the closing of the PIPE.
Based on such market values, Novus’s board of directors and officers will have an unrealized gain of approximately $52.4 million on their Novus securities; • our officers and directors and their affiliates have agreed to purchase an aggregate of 1,100,000 shares of Novus Common Stock in the PIPE at a purchase price of $10.00 per share, such purchase is contingent upon the completion of the Business Combination; • Messrs.
Such shares and warrants have an aggregate market value of approximately $65.2 million based on the closing prices of Novus Common Stock and warrants of $9.96 and $1.24, respectively on the NYSE on the Record Date, assuming no shares of Novus Common Stock are redeemed by the Public Stockholders and giving effect to the forfeiture of an aggregate of 598,077 Founder Shares by our directors and officers and their affiliates.
If you were a holder of record of Novus Common Stock and/or Novus Class B Common Stock on the Record Date, you may vote on the Stockholder Proposals online at the virtual special meeting of stockholders or by completing, signing, dating and returning the enclosed proxy card in the postage-paid envelope provided.