Examples of Treasury Offering in a sentence
On the conclusion of the Offering, the Treasury Offering and the Second Treasury Offering, the Corporation delivered to CDS a certificate evidencing the aggregate number of Class A Shares subscribed for under the Offering, the Treasury Offering and the Second Treasury Offering.
The vendor’s obligation to complete this acquisition is conditional upon the Company raising at least US$25,000,000 in gross proceeds pursuant to the Treasury Offering and the Ordinary Shares being listed on a specified stock exchange.
Numbers presented assume the Treasury Offering and the Secondary Offering are fully subscribed.
The Company’s share of expenses and the Agents’ Commission in respect of the Treasury Offering will be paid by the Company from the proceeds of the Treasury Offering.
The Agents’ Compensation Options will be allocated among certain of the Agents based on their respective sales of Ordinary Shares under the Treasury Offering.
A total of: (a) 360,423 Common Shares were issued from treasury by the Company (the “Follow-On Treasury Offering”); and (b) 4,724,577 Common Shares were sold on a secondary basis by Birch Hill, Keika Limited, and certain of the Company’s officers and directors (the “Follow-On Secondary Offering”, and together with the Follow-On Treasury Offering, the “Follow-On Offering”).
The Company did not receive any proceeds from the Follow-On Secondary Offering; however, the Company used all of the proceeds from the Follow-On Treasury Offering, net of underwriting fees, to make cash payments to settle vested options held by certain option holders.
The Underwriter received a fee of C$1.8 million, being 6% of the gross proceeds of the Treasury Offering.
Thus, faculty will not be limited to only using the CourseStream spaces to enhance their instructional technology use.
Before deducting expenses of the Offerings, estimated to be US$1,000,000, which will be paid by the Company and the Selling Shareholder on a pro rata basis based on the number of Ordinary Shares sold under the Treasury Offering and the Secondary Offering, respectively.