Examples of OAC Shares in a sentence
As used herein, “Voting Common Stock”) means, the Class A Common Stock of Holdings and the OAC Shares, as applicable.
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.
Life and Health Sciences are also more likely to use the descriptor methodology than Social Sciences and Humanities (Table 5).
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.
Statements were read to the respondents, and they were asked whether they agreed or disagreed.
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.
All outstanding OAC Shares are duly authorized, validly issued, fully paid and non-assessable and not subject to or issued in violation of any purchase option, right of first refusal, preemptive right, subscription right or any similar right under any provision of the Cayman Act, the OAC Organizational Documents or any Contract to which OAC is a party or bound.
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).
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.
Xxxxx, Chief Executive Officer of the Company, a three year irrevocable proxy coupled with an interest to vote all shares of Company Class A common stock or OAC Shares in favor of the election of a slate of directors proposed by management at any regular or special meeting of stockholders of OAC or in connection with any consent solicitation to OAC stockholders following the Merger, at which directors are to be elected.