Qualified Listing definition

Qualified Listing means a listing of real property taken by a Participant, which satisfies the requirements of these Rules and is filed with the MLS.

Qualified Listing means the listing for trading on a U.S. national securities exchange (such as the New York Stock Exchange or the Nasdaq Stock Market) or are listed or quoted on such other exchange or market approved by mutual consent of the Company and the Preferred Majority Holders.

Qualified Listing means the legal completion of a fully underwritten listing and admission of any of the Shares (or the shares of any holding company of the Company) to trading on, or the granting of permission for any such Shares to be dealt on, NASDAQ or the NYSE at a price per Share issued of the time of such listing not less than the price paid per Series C Share by the Series C Investors at Completion (as defined in the Investment Agreement and subject to appropriate adjustment to reflect any Adjustment Event) and where the gross proceeds to the Company of the listing are equal to or exceed US$50,000,000 (before the deduction of broker’s commissions, discounts and fees);

Examples of Qualified Listing in a sentence

• In the event that the Initial Shareholders breach the repurchase obligations as stated above or PanPass Information is unable to realise Qualified Listing or other specified conditions, and if the Investors propose to sell its shares in PanPass Information together with the shares held by the Initial Shareholders to an intended purchaser (the “Intended Sale”), the Initial Shareholders shall procure the completion of the Intended Sale.

• The Investors will cease to enjoy the rights as stipulated under the Shareholders Agreement that is contrary to the special protection rights under the relevant listing rules of the PRC when PanPass Information files the formal application material for Qualified Listing with the securities regulatory authority or the stock exchange of the PRC.

• If the Qualified Listing does not occur with 36 months and the Ping An Entities elect to extend the performance period of the Qualified Listing by a further twelve months, the repurchase price that may be payable under such circumstances would be approximately RMB840 million.

• Restrictions on transfer of shares From the Payment Date to the date of completion of the Qualified Listing or the Qualified M&A of PanPass Information, Beijing HC Technology and the Management Shareholders shall continue to maintain the actual control of PanPass Information.

• If the Qualified Listing does not occur on or before 31 December 2022 and the Second Investors elect to extend the performance period of the Qualified Listing by a further twelve months, the repurchase price that may be payable under such circumstances would be approximately RMB540 million.

More Definitions of Qualified Listing

Qualified Listing means an initial public offering of the Company’s shares and/or securities on (a) The New York Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market or the Hong Kong Stock Exchange (Main Board) (or any of their respective successors), or (b) only after prior consultation with the Significant C-Round Investors and those other Investors with capital market expertise in any relevant markets which request such consultation with respect to any proposed Qualified Listing, including with respect to (i) the funding needs of the Company, (ii) the amount of proceeds to be raised in any proposed Qualified Listing and the proposed use of these proceeds, and (iii) the market conditions for conducting an equity offering of the Company and outlook for such conditions at such time, any other internationally recognized stock exchange.

Qualified Listing means the first firm commitment underwritten public offering pursuant to an effective registration statement or similar document covering a U.S. or non-U.S. offer and sale of Common Stock to the public, (i) the public offering price of which is not less than 225% of the then-applicable Conversion Price, (ii) that will result in net proceeds to the Corporation and/or its stockholders of not less than $100 million, (iii) that will result in (A) a sale of not less than 17.5% of the shares of Common Stock (determined on an as-converted basis) then outstanding, or (B) an issuance of newly issued shares of Common Stock that, together with the sales of Common Stock by Major Holders in such public offering, would result in the Major Holders' aggregate beneficial ownership, as a group, of the total issued and outstanding shares of Common Stock (on an as-converted basis) being reduced by not less than 17.5%.

Qualified Listing means the Company's initial public offering and listing on the Shanghai Stock Exchange, Shenzhen Stock Exchange, or other securities exchange markets as provided for in the Capital Increase Agreement.

Qualified Listing has the meaning ascribed to such term in the Securityholders Agreement.

Qualified Listing means an initial public offering of the Company’s shares and/or securities on an internationally recognized stock exchange, including, but not limited to, NYSE, NASDAQ, The Stock Exchange of Hong Kong Limited (Main Board), Shanghai Stock Exchange (Main Board) and Shenzhen Stock Exchange (Main Board).

Qualified Listing means the Company’s successful public issuance and listing of its shares on a trading board (whether the Sci-Tech Innovation Board, the ChiNext Board, the SME Board, or the Main Board) of Chinese domestic stock exchange market according to the Laws and regulations of China, or, subject to the common consent of all Investors, the Company’s reorganization into a wholly-owned subsidiary of an overseas holding company to publically issue shares and have them listed for trading in overseas stock exchange markets (including but not limited to the Stock Exchange of Hong Kong, the New York Stock Exchange, etc.) in accordance with the Laws and regulations of other countries and regions, or the Company’s listing of shares in any other way jointly consented to by all Investors in compliance with the regulatory requirements of the place of listing (for the avoidance of doubt, excluding the listing on the National Equities Exchange and Quotations). If the Company elects to publicly issue shares and/or have them listed for trading in a stock exchange market in any country/region other than Chinese domestic stock exchange market, the market value of the Company at the time of listing shall be no less than RMB 1.5 billion or its equivalent in US dollars. Shareholder Agreement of Zhibao Technology (Shanghai) Co., Ltd.

Qualified Listing has the meaning given in clause 17.2.