Examples of Secondary placement in a sentence
Polar Molecular Corporation January 16, 2001 Page 13 Notwithstanding the foregoing, if in connection with the Secondary Placement, or any subsequent equity financing by the Company, any investor investing $1,000,000 or more in such financing desires or demands to be, or have a representative on, the Company's Board of Directors, then APS Financial will relinquish one of its Board seats in order to allow the Company to accommodate such request.
In the subscription, community, syndicated community offerings and Secondary Placement, Stifel Nicolaus will not incur legal fees (excluding the reasonable out-of-pocket expenses of counsel) in excess of $100,000.
Stifel Nicolaus shall serve as sole book runner placement agent with respect to the Secondary Placement and be entitled to a minimum of 75 percent participation in all aspects of such offering.
PMC will notify each Investor of the commencement of the Secondary Placement and the description of the securities being offered thereunder (the "Secondary Securities").
The holders of the Series B Preferred Stock will be given the opportunity to convert their Units (each Unit consisting of 250 shares of Series B Preferred Stock and Unit Warrants to purchase 247,071 shares of common stock) into securities in the contemplated Secondary Placement.
The Secondary Placement will close thirty (30) calendar days after the Minimum Secondary Deadline (as hereinafter defined), unless otherwise agreed by APS Financial and the Company.
If any Investor wants to exercise that option to convert the Bridge Securities into the Secondary Securities, it must give notice of its intent to convert at least five (5) days before the closing of the sale of the minimum amount of Secondary Securities to be sold in the Secondary Placement.
As of the Business Combination Closing Date, the authorized share capital of the Company will consist of 96,279,872 Company Shares, 89,164,966 of which will be issued and outstanding (assuming zero redemptions, 7,000,000 Placement Shares are issued pursuant to the Primary Placement and no Placement Shares are issued pursuant to the Secondary Placement).
If any Investor wants to exercise that option to convert their Units into the Secondary Securities, it must give notice of its intent to convert at least five (5) days before the closing of the sale of the minimum amount of Secondary Securities to be sold in the Secondary Placement.
Pursuant to an engagement letter between PMC and APSF, APSF has agreed to proceed with an immediate financing pursuant hereto (the "Bridge Financing") and contemplates assisting with a second offering of approximately $4,000,000 in the first quarter of 2001 (the "Secondary Placement").