Promoter Warrants definition

Promoter Warrants means any warrants to be issued by the Company to the
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Promoter Warrants means the 57,65,905 (Fifty Seven Lakhs Sixty Five Thousand Nine Hundred and Five) warrants issued to the Subscribing Promoters and in respect of which the Promoter Balance Investment Amount shall be invested by the Subscribing Promoters in accordance with the provisions set out in Article 190of the Amending Articles.
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Promoter Warrants means 6,58,690 (Six Lakhs Fifty Eight Thousand Six Hundred and Ninety) fully convertible warrants of the Company issued on the terms and conditions contained in the ADB Investment Agreement.
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Examples of Promoter Warrants in a sentence

  • The Promoter Warrants are not exercisable until 12 months after the completion of the De-SPAC Transaction as required by the Listing Rules.

  • Both the Listed Warrants and Promoter Warrants have no redemption right.Under the Listing Rules, at the time of the Company’s entry into a binding agreement for a De-SPAC Transaction, a De-SPAC Target must have a fair market value representing at least 80% of the funds raised by the Company from the Listing (prior to any redemptions).

  • In addition, the Promoters have provided us with the Loan Facility to finance expenses in excess of the amounts available from the sale of the Class B Shares and the Promoter Warrants and any interest or other income on the funds in the Escrow Account.

  • The difference between the fair value of the Conversion Right in the Class B Shares and the Promoter Warrants and the subscription price paid by the Joint Promoters are expensed on a straight-line basis over the vesting period.

  • The Promoters also cannot exercise any of the Promoter Warrants they hold within 12 months after completion of the De-SPAC Transaction.

  • Expenses and funding sources We expect to receive HK$[REDACTED] from the sale of the Class B Shares and the Promoter Warrants, which will be held outside the Escrow Account and will be used to pay for the [REDACTED] commissions, fees and other expenses in connection with the [REDACTED] and for working capital purposes, including the expenses of sourcing and negotiating a De-SPAC Transaction, following the completion of the [REDACTED].

  • All the [ REDACTED] Warrants and the Promoter Warrants are exercised on the basis that the fair market value of the Class A Shares is HK$[REDACTED] or above on a cashless basis for [REDACTED] of a Class A share per Warrant.

  • In view of the complicated features of the Promoter Warrants, the directors of the Company consider that the application of Monte Carlo simulation model is reasonable.

  • The Promoters also cannot exercise any of the Promoter Warrants they hold within 12 months after completion of the De-SPAC Transaction and cannot transfer any Class B Shares or Promoter Warrants that they beneficially own, except with the consent of the Stock Exchange in accordance with the Listing Rules.

  • The Promoter Warrants may not be transferred except in the very limited circumstances permitted by the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”) and subject to compliance with the requirements thereof.


More Definitions of Promoter Warrants

Promoter Warrants means the agreed number of warrants subscribed to by the Promoter Group in terms of the Definitive Agreements;
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Promoter Warrants means the aggregate of 7,63,359 (Seven lakhs sixty three thousand three hundred and fifty nine) optionally convertible share warrants of the Company to be issued by the Company to the Promoter Allottee, each of which Promoter Warrant shall be optionally convertible into one Equity Share at the Promoter Warrant Exercise Price on or prior to the expiry of the Conversion Period subject to the terms of the Share Subscription Agreement;
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Promoter Warrants means the warrants subscribed to by the Promoter in accordance with the terms and conditions of the Board resolution dated December 8, 2012;
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Related to Promoter Warrants

  • Broker Warrants has the meaning ascribed to such term in Section 12 hereof;

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Other Warrants means any other warrants issued by the Company in connection with the transaction with respect to which this Warrant was issued, and any warrant issued upon transfer or partial exercise of or in lieu of this Warrant. The term “Warrant” as used herein shall be deemed to include Other Warrants unless the context clearly requires otherwise.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Series D Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years, in the form of Exhibit C attached hereto.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

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

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall vest and be exercisable ratably commencing on the exercise of the Series B Warrants held by the Purchaser (or its assigns) and have a term of exercise equal to 5 years from the date of issuance, in the form of Exhibit C attached hereto.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Parent Warrants means the outstanding warrants to purchase Parent Common Stock.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • 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;

  • Placement Warrants shall have the meaning given in the Recitals hereto.

  • 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.

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

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

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

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

  • 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.