Examples of RWB Shares in a sentence
Pursuant to Section 73 of the Act, at the Effective Time, the capital of RWB in relation to the RWB Shares that are issued pursuant to Section 4.1 of this Agreement will be the total capital, determined immediately prior to the Effective Time, of the issued and outstanding NewCo Shares which are exchanged for RWB Shares pursuant to Section 4.1.1.
Other than as disclosed in the RWB Filings, since March 31, 2022, there has been no material change in respect of RWB and its subsidiaries taken as a whole, and the debt, business and material property of RWB and its subsidiaries conform in all respects to the description thereof contained in the RWB Filings, and there has been no dividend or distribution of any kind declared, paid or made by RWB on any RWB Shares.
The Earn-Out Payment shall be payable in cash, cash equivalent, RWB Shares (or other class of RWB common shares that is being traded on public markets at the time of determination), or any combination of the foregoing, such class of stock issued being agreed to by Sellers and RWB in writing.
No fractional RWB Shares will be issued in connection with any of the foregoing.
As of the Effective Date, all of the Replacement RWB Options and Aleafia Warrants will be outstanding as duly authorized and validly existing options and warrants to acquire RWB Shares, which will not be issued in violation of the terms of any agreement or other understanding binding upon RWB at the time at which they are issued.
The RWB Shares are listed and posted for trading on the CSE and no order ceasing or suspending trading in any securities of RWB or prohibiting the sale or issuance of the RWB Shares or the trading of any of RWB’s issued securities has been issued and no (formal or informal) proceedings for such purpose have been threatened or, to the knowledge of RWB, are pending.
Other than the RWB Shares, RWB stock options and RWB convertible debentures, there are no securities of RWB outstanding.
All securities of RWB (including the RWB Shares, RWB stock options and RWB convertible debentures) have been issued in compliance with all applicable Laws.
There are no outstanding bonds, debentures or other evidences of indebtedness of RWB or any of its subsidiaries having the right to vote with the holders of the outstanding RWB Shares on any matters.
RWB has not taken any action which would reasonably be expected to result in the delisting or suspension of the RWB Shares on or from the CSE.