Promote Shares definition

Promote Shares means the shares of Pubco Class A Common Stock to be received by Sponsor Holdco pursuant to the SPAC Merger.
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Promote Shares. As defined in Section 3.2(a).
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Promote Shares means 7,187,500 SPAC Class B Ordinary Shares or any other Equity Securities of SPAC or HoldCo into which such SPAC Class B Ordinary Shares are converted or for which such SPAC Class B Ordinary Shares are exercised or exchanged (including by reason of any Equity Adjustment or any of the Transactions).
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Examples of Promote Shares in a sentence

  • The consideration for the Promote Shares will be pro-rated based on the amount of Promote Shares vested, allotted and issued as at the relevant vesting dates.

  • Errors in the accounting and valuation for Sponsor Promote Shares which should have been recorded in the Successor period from January 27, 2022 to September 30, 2022 rather than the Trebia financial statements as of January 26, 2022.

  • On the vesting of the Promote Shares, the undertaking will be derecognised and a corresponding increase will be recognised in the Share capital of the Company.

  • The fair value of the Promote Shares will be determined at grant date by an independent valuer.

  • Shares redeemable upon the Company’s initial business combination, potential shares for the outstanding Public and Private Placement warrants and potential Promote Shares were excluded from diluted earnings per share for the period.

  • If, upon the expiration of the Earn-out Period, the vesting of any of the Earn-out Promote Shares has not occurred, then the applicable Earn-out Promote Shares that failed to vest pursuant to Section 1.9(d), as applicable, and any dividends or distributions previously paid or made in respect thereof will be automatically forfeited and transferred to Pubco for no consideration, and no Person (other than Pubco) will have any further right with respect thereto.

  • For the avoidance of doubt, if the vesting conditions applicable to more than one of Section 1.9(d)(i), Section 1.9(d)(ii) or Section 1.9(d)(iii) have been satisfied at any time, then all of the Earn-out Promote Shares subject to such satisfied vesting conditions will immediately vest and no longer be subject to the forfeiture conditions provided in this Section 1.9.

  • The undertaking on the issuance of the Promote Shares will not be re-measured (except for estimated instruments expected to vest) for subsequent accounting periods.

  • The carrying amount of the undertaking on the issuance of the Promote Shares as at the grant date is zero given that the number of Promote Shares expected to vest on that date is zero and as such, no equity share-based payment is recognised as at the Listing Date.

  • Issue PriceS$5.00 per Offering UnitListing status of Issuer and the SecuritiesAn application has been made to the SGX-ST for permission to list for quotation all of our Units comprised in the Offering (including the Additional Units, if any), the Cornerstone Units, the Sponsor IPO Investment Units, as well as all our Shares, Warrants (including the Private Placement Warrants) as well as the Promote Shares on the Main Board of the SGX-ST.


More Definitions of Promote Shares

Promote Shares means 42,975,000 Acquiror Cayman Class B Shares or any other Equity Securities of Acquiror into which such Acquiror Cayman Class B Shares are converted or for which such Acquiror Cayman Class B Shares are exercised or exchanged (including by reason of any Equity Adjustment).
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Promote Shares means the Owned Shares (of which 3,750,000 shares are outstanding) or any other Equity Securities of Acquiror into which such Owned Shares are converted.
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Promote Shares means a number of shares of Class A Common Stock equal to (i) (A) the number of shares of Class A Common Stock issued to KLR Sponsor at the Closing upon conversion of the Class F Common Stock held by KLR Sponsor (as adjusted pursuant to the Amended and Restated Certificate of Incorporation of KLRE, including to take into account the Equity Financing) minus (B) the number of shares of Class A Common Stock transferred to the Subscribers (as defined in the Subscription Agreement) pursuant to the Subscription Agreement minus (C) the number of shares of Class A Common Stock to be distributed by KLR Sponsor to its members, directors and officers in connection with the Closing as described in the KLRE SEC Documents minus (D) the number of shares of Class A Common Stock required to be transferred by KLR Sponsor pursuant to the limited liability company agreement of KLR Sponsor upon consummation of the Transactions multiplied by (ii) 45%.
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Promote Shares for any Purchaser means the shares of Common Stock set forth opposite such Purchaser's name on the attached Schedule 1 under the heading "Promote Shares."
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Related to Promote Shares

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Subco Shares means the common shares in the capital of Subco;

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Offering Shares means the Class A Shares sold in the Offering, whether such Class A Shares were purchased in the Offering or in the secondary market following the Offering and whether or not such holders are affiliates of the Sponsor.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Relevant Shares means ordinary share capital of the Approved Entity that constitutes equity share capital or the equivalent (or depositary or other receipts representing the same) which is listed and admitted to trading on a Regulated Market.

  • Placing Shares means the 32,313,130 Shares to be issued by the Company pursuant to the Placing;

  • Common Shares means the common shares in the capital of the Company;

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).