Subscription Receipt Financing definition

Subscription Receipt Financing means the brokered private placement of subscription receipts of DeFi (the “Subscription Receipts”) at a price per Subscription Receipt of $1.00, for aggregate gross proceeds of $17,715,000 and each Subscription Receipt being exchangeable, without additional consideration, for one DeFi Share, which shall be exchanged by the holder thereof for economically equivalent securities of WonderFi, on a post-consolidated basis;
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Subscription Receipt Financing means the non-brokered private placement by Cannara of the Cannara Subscription Receipts.
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Subscription Receipt Financing means the equity financing of the Company completed in two tranches:
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Examples of Subscription Receipt Financing in a sentence

  • The gross proceeds from the Subscription Receipt Financing (collectively, the “Escrowed Funds”), less the reasonable expenses of the Subscription Receipt Agent incurred in connection with the Subscription Receipt Financing, were held in escrow pursuant to the terms of the Subscription Receipt Agreement and shall be released immediately prior to completion of the Transaction.

  • Total share issue costs related to the RTO Transaction and Subscription Receipt Financing was$854,810.

  • The fair value of the Broker Warrants issued in connection with the Subscription Receipt Financing was calculated using the Black-Scholes option pricing model with the following assumptions: i) exercise price per warrant of $0.25; ii) expected share price volatility of 75%; iii) risk-free interest rate of 0.26%; iv) expected life of 2 years; v) no dividend yield.

  • In addition, the Agent will receive a number of corporate finance broker warrants equal to 2% of the aggregate number of Subscription Receipts issued under the Subscription Receipt Financing and a number of selling compensation warrants equal to 7% of the aggregate number of Subscription Receipts issued under the Subscription Receipt Financing (together, the "Broker Warrants").

  • Each Subscription Receipt comprised one common share of the Company and one share purchase warrant with an exercise price of CA$0.80 per share expiring five years from the date of closing of the Subscription Receipt Financing.


More Definitions of Subscription Receipt Financing

Subscription Receipt Financing means the equity financing of Blacklist Finco completed on November 26, 2018 and December 4, 2018 raising gross proceeds of $7,140,073 through the issuance of Subscription Receipts at $0.50 per Subscription Receipt.
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Subscription Receipt Financing means the private placement of Subscription Receipts at a price of $0.25 each, to raise minimum aggregate gross proceeds of C$1,500,000;
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Subscription Receipt Financing means the brokered and non-brokered private placement offering of 5,965,000 Subscription Receipts at a price of $0.40 per Subscription Receipt led by the Agent for aggregate gross proceeds of$2,386,000.
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Subscription Receipt Financing means the equity financing of Pinestar completed on February 8, 2022 raising gross proceeds of US$8,000,000 through the issuance of Subscription Receipts at US$0.50 per Subscription Receipt;
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Subscription Receipt Financing means the equity financing of the Issuer completed in two tranches: (i) the first tranche closed on January 11, 2019 for total gross proceeds of approximately $5.2 million; and (ii) the second tranche closed on May 15, 2019 for total gross proceeds of approximately $4.9 million;
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Subscription Receipt Financing means the private placement of 30,643,500 Old Sierra Madre Subscription Receipts on a private placement basis at a price of $0.50 per Old Sierra Madre Subscription Receipt for aggregate gross proceeds of $15,321,750;
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Subscription Receipt Financing means the brokered private placement of Subscription Receipts of 51st Parallel to be completed prior to the Effective Time.
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