Examples of Proposed Qualifying Transaction in a sentence
Until the Completion of the Proposed Qualifying Transaction, the Company will not carry on business other than the identification and evaluation of assets or businesses in connection with a potential Qualifying Transaction.
The Proposed Qualifying Transaction is intended to be the Company's Qualifying Transaction.
On October 10, 2006, the Company issued a press release announcing the Proposed Qualifying Transaction and issued a more comprehensive press release on November 14, 2006 providing further details of the Proposed Qualifying Transaction.
Neither the Company nor any Non-Arm's Length Party to the Proposed Qualifying Transaction is obtaining any financing in conjunction with the Proposed Qualifying Transaction.
It is, however, a condition to the Completion of the Proposed Qualifying Transaction that the Private Placement be completed by NXI and that gross proceeds of not less than $1,000,000 are realized thereunder.