Initial Shareholders definition

Initial Shareholders means the Sponsor, the Directors and officers of the Company or their respective affiliates who hold shares prior to the IPO;

Initial Shareholders means the initial shareholders of the Company, who are also the project sponsor.

Initial Shareholders means the Sponsor (as defined in Section 1.5.1 hereof) and any other holders of Founder Shares (as defined in Section 1.5.1 hereof) prior to the Offering (or their permitted transferees).

Examples of Initial Shareholders in a sentence

• The Initial Shareholders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will purchase or sell Class B Ordinary Shares or effect a share repurchase or share capitalization, as applicable, immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares, on an as-converted basis, at 25% of the Company’s issued and outstanding Ordinary Shares upon consummation of the Public Offering.

• The Company, the Initial Shareholders and the Underwriters have entered into a Registration Rights Agreement (“Registration Rights Agreement”) substantially in the form filed as an exhibit to the Registration Statement, whereby such parties will be entitled to certain registration rights with respect to the securities they hold or may hold, as set forth in such Registration Rights Agreement and described more fully in the Registration Statement, the Statutory Prospectus and the Prospectus.

• As used herein, the term “Public Shareholders” means the holders of Ordinary Shares sold as part of the Units in the Offering or acquired in the aftermarket, including the Initial Shareholders (defined below) to the extent it acquires such Ordinary Shares in the aftermarket (and solely with respect to such Ordinary Shares).

More Definitions of Initial Shareholders

Initial Shareholders means the Sponsor and any Insider that holds Founder Shares; (v) “Private Placement Shares” shall mean the 543,000 Class A Ordinary Shares (or 595,500 Class A Ordinary Shares if the over-allotment option is exercised in full) that the Sponsor and the Representative have agreed to purchase for an aggregate purchase price of $5,430,000 (or $5,955,000 if the over-allotment option is exercised in full), or $10.00 per share in a private placement that shall occur simultaneously with the consummation of the Public Offering; (vi) “Working Capital Shares” shall mean the Class A Ordinary Shares that may be issued in connection with the conversion of any Working Capital Loans; (vii) “Public Shareholders” shall mean the holders of securities issued in the Public Offering; (viii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Shares shall be deposited; and (ix) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

Initial Shareholders has the meaning set forth in the preamble and shall also include any Permitted Transferees of the Enstar Shareholder and the Trident Shareholders that become Shareholders.

Initial Shareholders means the Sponsor, Navy Sail International Limited (a company incorporated in the British Virgin Islands) and any of the Directors or officers of the Company who hold shares prior to the IPO;

Initial Shareholders means the Persons listed on Schedule 1.01 hereto.

Initial Shareholders means the Company's Sponsor and the other holders of the Founder Shares prior to the consummation of the Offering.

Initial Shareholders means all of Andina’s shareholders immediately prior to its IPO, including its officers and directors and the underwriters in its IPO to the extent they hold such shares.

Initial Shareholders means the holders of the founder shares prior to DD3’s initial public offering and their permitted transferees, as applicable.