Examples of Placement Share in a sentence
Subject to and concurrent with the consummation of the IPO, the Company shall issue and sell to the Purchaser and the Purchaser shall purchase from the Company, at a purchase price per Private Placement Share equal to the public offering price per share of Common Stock sold in the IPO, the Private Placement Shares.
The Company shall not take any action or omit to take any action which would cause a breach of any of the Letter Agreement or the Private Placement Share Purchase Agreement and will not allow any amendments to, or waivers of, such Letter Agreement or the Private Placement Share Purchase Agreement without the prior written consent of the Representatives.
Pursuant to the Restructuring Agreement, the Company shall enter into a placing agreement with the Investor and a placing agent (the “Placing Agent for Placement”), pursuant to which the Placing Agent for Placement undertakes to place, on fully underwritten basis, 56,584,032 placement shares (the “Placement Shares”) to no less than six placees at HK$0.121056 per Placement Share (the “Placement”).
It is expressly acknowledged and agreed that neither the Company nor the Agents will have any obligation whatsoever with respect to a Placement or any Placement Share unless and until the Company delivers a Placement Notice to the Designated Agent and the Designated Agent does not decline such Placement Notice pursuant to the terms set forth above, and then only upon the terms specified therein and herein.
Each such newly issued Private Placement Share shall include a restricted legend that contemplates the same restrictions as the Private Placement Shares that were issued to Payee in connection with the IPO.
No fractional Private Placement Shares shall be issued upon conversion of this Note and the number of Private Placement Shares deliverable will be rounded to the nearest whole number of Private Placement Shares, with one-half (0.5) or more of a Private Placement Share being rounded upward.
The Future Placement Shares will be issued for an issue price per Future Placement Share to be determined by the Directors, which shall be not less than 80% of the VWAP of the shares calculated over the last five days on which sales in the shares were recorded before the day on which the Future Placement Shares are issued.
As detailed in Section 1.2 of this Explanatory Statement, the Company received commitments to raise up to $15.2 million (before costs) through the issue of up to 1,902,500,000 Placement Shares at an issue price of $0.008 per Placement Share together with a 1-for-2 attaching Placement Option.
The Company has entered into a private placement shares purchase agreement, dated as of the date hereof (the “Private Placement Shares Purchase Agreement”), with the Sponsor, in substantially the form filed as Exhibit 10.6 to the Registration Statement, pursuant to which the Sponsor has agreed to purchase an aggregate of 640,000 Class A ordinary shares (the “Private Placement Shares”), at a price of $10.00 per Private Placement Share.
On the Effective Date, the Company shall have delivered to the Representatives executed copies of the Trust Agreement, the Warrant Agreement, Letter Agreement, the Private Placement Share Purchase Agreement and the Registration Rights Agreement.