OAC Shares definition

OAC Shares means the collective reference (a) with respect to OAC, the voting ordinary shares, par value $0.0001 per share, of OAC up to and including the Conversion, and (b) with respect to the Successor following the Conversion, its voting shares of common stock, $0.0001 par value per share of the Successor.
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OAC Shares means shares of common stock of OAC.
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OAC Shares means the ordinary shares of OAC or the common stock of High Times Media Corporation, a Nevada corporation resulting from the reincorporation of OAC from the Cayman Islands to the State of Nevada, USA.
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Examples of OAC Shares in a sentence

  • In such connection, in the event and to the extent such offer is not accepted by any one or more Other Noteholders, such Other Noteholders shall continue to receive non-voting Class B Common Stock of Holdings or non-voting OAC Shares or non-voting common stock of any other Issuer upon conversion of their Purchase Notes.

  • As used herein, “Voting Common Stock”) means, the Class A Common Stock of Holdings and the OAC Shares, as applicable.

  • Such Merger Consideration is intended to be of equal value to the Target Companies Valuation (as the same may be increased pursuant to Section 1.7(h) below), with the total number of OAC Shares comprising the Merger Consideration being derived by dividing the Target Companies Valuation by the agreed upon value of the OAC Shares to be issued as Merger Consideration of $10.65 per share (the “OAC Per Share Value”).

  • The note is convertible at any time prior to the maturity date at the option of ExWorks into Class A Common Stock of the Company or upon consummation of the Merger (whether or not previously converted) into OAC Shares.

  • In addition, any shares of Company Common Stock issued and sold in any one or more Company Public Offerings shall be included in the $250,000,000 Target Companies Valuation and not increase or decrease the total number of OAC Shares constituting the Merger Consideration under this Agreement that is issuable to all holders of Company Securities (including investors in such Company Public Offerings).

  • OAC shall amend or supplement the Registration Statement and, if applicable, the Extension Proxy Statement and cause such Registration Statement or Extension Proxy Statement, as so amended or supplemented, to be filed with the SEC and to be disseminated to the holders of OAC Shares, in each case as and to the extent required by applicable Laws and subject to the terms and conditions of this Agreement and the OAC Charter.

  • As of the date hereof, (i) 3,321,437 OAC Shares are issued and outstanding, of which 1,050,000 were not issued as part of OAC Units in the IPO or the OAC Private Placement (as defined below) and (ii) no preferred shares are issued and outstanding.

  • As soon as practicable following the Registration Statement “clearing” comments from the SEC and being declared effective by the SEC, OAC shall distribute the Registration Statement to the holders of OAC Shares and, pursuant thereto, shall call the Special Meeting in accordance with the Cayman Act for a date no later than thirty (30) days following such “clearing” of comments.

  • The New Equity Incentive Plan will provide for awards for a number of OAC Shares (including those for the OAC Assumed Options) equal to up to ten percent (10%) of the aggregate number of OAC Shares issued and outstanding immediately after the Closing.

  • The Parties agree to use their respective commercially reasonable efforts (i) to cause Nasdaq to approve the continued listing of OAC Shares and OAC Public Warrants on Nasdaq following the Effective Time of the Merger, or (ii) to cause the OAC Shares and OAC Public Warrants to be listed on another Acceptable Securities Exchange as of the Closing or as promptly thereafter as reasonably practicable.