Examples of PubCo Class B Ordinary Shares in a sentence
The rights, preferences, privileges and restrictions of the PubCo Class A Ordinary Shares and the PubCo Class B Ordinary Shares are as stated in the amended and restated memorandum of association and articles of association of PubCo currently on file with the registrar of corporate affairs of the British Virgin Islands.
The Principal Shareholders acquired PubCo, which involved (i) Hunch subscribing for 23,146,230 PubCo Class A Ordinary Shares at a total subscription price of $348,000 and 15,430,820 PubCo Class B Ordinary Shares at a total subscription price of $232,000 and (ii) Blade US subscribing for 1,551,743 PubCo Class A Ordinary Shares at a total subscription price of $23,318.82 and 1,034,495 PubCo Class B Ordinary Shares at a total subscription price of $15,545.88.
The PubCo Class B Ordinary Shares shall become redesignated as PubCo Class A Ordinary Shares (which shall be transferable (and the economic rights thereunder shall no longer be subject to forfeiture) in accordance with the PubCo New Articles of Association and pursuant to the terms of this Section 2.05).
Prior to the Closing and in connection with Merger, and as part of the Pre-Closing Reorganization, PubCo shall effectuate a reverse share split in accordance with the transaction steps set forth on Exhibit C with respect to the authorized issued and unissued PubCo Ordinary Shares such that the number of PubCo Class A Ordinary Shares and PubCo Class B Ordinary Shares issued and outstanding, on a fully-diluted, as converted and as exercised basis, is equal to the Pre-Closing Reorganization Consideration.
PubCo shall have the option to purchase from Sponsor at the Closing up to an aggregate of 490,000 PubCo Class B Ordinary Shares held by Sponsor (the “Insider Shares”), free and clear of all Encumbrances (as defined below), at a price of $10.00 per Insider Share for an aggregate purchase price of up to $4,900,000, which purchase price shall be paid pro rata to Sponsor, based on the number of Insider Shares being transferred hereunder to PubCo by each entity included in the definition of “Sponsor”.
Any certificates representing the PubCo Class B Ordinary Shares shall bear a legend referencing that they are subject to restrictions on transfer pursuant to the provisions of this Agreement, and any transfer agent for PubCo Ordinary Shares will be given appropriate stop transfer orders that will be in effect until the applicable PubCo Class B Ordinary Shares become transferable pursuant to the terms of this Section 2.05.
Following the surrender and cancellation of the Deferred Shares, PubCo’s share capital is made up of PubCo Class A Ordinary Shares and PubCo Class B Ordinary Shares which are held by the Principal Shareholders.
As of immediately prior to the Closing, following the consummation of the Pre-Closing Reorganization, the issued share capital of PubCo shall consist solely of 24,697,973 PubCo Class A Ordinary Shares with a nominal value of $0.0001 each, 16,465,315 PubCo Class B Ordinary Shares with a nominal value of $0.0001 each and 0 Deferred Shares with a nominal value of €1.00 each.