Examples of Offered Common Shares in a sentence
No assurance can be given that the Company will register any of the Offered Shares or that investors will be able to recoup their investment.Risks of Low-Priced Stocks; Possible Effect of "Penny Stock” Rules on Liquidity for the Company's Securities.There is no public market for the Offered Common Shares.
The shares of Common Stock issuable upon exercise of the Offered Warrants are hereinafter referred to as the “Offered Warrant Shares.” The Offered Common Shares and the Offered Warrants are hereinafter referred to as the “Securities.” Subject to the provisions of Section 2, below, the Company desires to engage the Placement Agents as its placement agents in connection with such issuance and sale.
The Agent shall use its commercially reasonable efforts to obtain subscriptions to purchase the Offered Common Shares and the Over-Allotment Shares.
The Agent shall act as agent only and shall be under no obligation to purchase any of the Offered Common Shares.
The parties hereto acknowledge that the Underwriters shall not be required to conduct a suitability review in respect of the sale of Offered Common Shares to Purchasers on the President’s List that have settled directly with the Company (“Direct Settlers”).
Any of the Offered Common Shares not transferred within such 30-day period will be subject to the provision of this Section 4.14 in the event of a subsequent transaction.
The Corporation will use the gross proceeds of the Subscription Receipts, the Offered Common Shares and the Option Shares sold under the Offering to pay the cash fees payable to the Agent under this Agreement, to pay the expenses payable pursuant to Section 11 and to complete the Acquisition, with the balance to be used for general working capital purposes.
The Agent shall be under no liability for any failure to sell any or all of the Offered Common Shares or to engage sub-agents.
The Company shall have a right of first refusal (the "Company's Right of First Refusal") to purchase, all but not less than all of, the Offered Common Shares at the same price and subject to the same material terms and conditions as described in the Founder Transfer Notice, if the Company gives written notice of the exercise of such right to the Selling Founder and the Investors within thirty (30) days (the "Company's Refusal Period") from the receipt of the Founder Transfer Notice.
Each Underwriter acknowledges that the Offered Common Shares have not been and will not be registered under the U.S. Securities Act or applicable state securities laws and the Offered Shares may be offered and sold in the United States only: (a) in transactions exempt from the registration requirements of the U.S. Securities Act and applicable exemptions from state securities laws; and (b) in accordance with the broker-dealer requirements of the U.S. Exchange Act and state securities laws.