Reverse Acquisition definition
Examples of Reverse Acquisition in a sentence
Both Kingold and Vogue-Show have duly executed and delivered the VIE Agreements, as attached to the Reverse Acquisition Agreement, to which it is a party and all necessary corporate actions to authorize the execution, delivery and performance of such documents have been taken.
The Company further agrees that it will not consummate the Reverse Acquisition unless the Parent no later than the closing of the Reverse Acquisition enters into an Assignment and Assumption Agreement substantially in the form attached hereto as Exhibit A pursuant to which the Company will assign and transfer to the Parent, and the Parent will assume, at the Effective Time, all of the obligations of the Company under the Original Agreements, as modified by this Amendment.
Corporation NO YES C5094-1981 ▇▇-▇▇▇▇▇▇▇ Nevada Nevada ▇▇▇▇▇▇ Reverse Acquisition LLC Limited Liability Company NO YES 5208923 ▇▇-▇▇▇▇▇▇▇ Delaware Delaware Mortgage Asset Systems, LLC Limited Liability Company NO YES 4315561 ▇▇-▇▇▇▇▇▇▇ Delaware Delaware REO Management Solutions, LLC Limited Liability Company NO YES 4737590 ▇▇-▇▇▇▇▇▇▇ Delaware Delaware Reverse Mortgage Solutions, Inc.
Following Closing the Company shall allocate the purchase price of the New Shares solely to pay the operating costs of the Company through the closing of a Reverse Acquisition or any other change of control of the Company.
Any such funds advanced or loaned to the Company shall be evidenced by one or more promissory notes which shall bear interest as set forth in the Letter Agreement, shall be unsecured, will not be convertible, and will be due and payable at the closing of the Reverse Acquisition or any other change of control of the Company (other than if GDSC exercises its right to purchase stock from Mr. Black and 1st Orion as set forth in the Letter Agreement).
Upon the closing of a Reverse Acquisition, each of the directors of the Company shall tender his or her resignation as a director, subject to retaining ▇▇.
Such funds shall be used primarily to pay for reasonable legal and accounting fees and edgarizing costs relating to SEC periodic reporting obligations, obtaining a trading symbol on the OTCBB, locating a target company for a Reverse Acquisition, and negotiating the terms of and closing the Reverse Acquisition.
The Call Right shall be exercisable by Purchasers, by delivering a Call Exercise Notice at any time during the period (the “Exercise Period”) commencing on the day that shall be 30 days subsequent to the date that the Reverse Acquisition is closed and ending at 6:30 p.m. (New York time) on the fifth anniversary date therefrom (such date or the earlier expiration of the Call Right is referred to herein as the “Expiration Date”).
Following Closing Mr. Black and the Company shall use commercially reasonable efforts to (a) obtain a trading symbol for the Company’s common stock as soon as practicable and (b) consummate a Reverse Acquisition as soon as practicable after a trading symbol is obtained.
In connection with the negotiation of a Reverse Acquisition, management of the Company shall recommend to the target company that ▇▇.