Trailing Six-Week Volume definition
Trailing Six-Week Volume means the reported volume of trading in such securities on all national securities exchanges (or, in the case of reported volume of trading in such securities reported through the automated quotation system of a registered securities association, one-half (½) of the amount so reported) during the six weeks immediately preceding the date of determination.
Examples of Trailing Six-Week Volume in a sentence
With respect to any Qualified Sale, an Active Public Market exists with respect to a security if the security is traded in the organized domestic securities markets and the number of securities held by the Holders at the time of the determination does not exceed 200% of the number of securities equal to the Trailing Six-Week Volume of the surviving company determined on the date three days immediately prior to the closing of the proposed Qualified Sale.