Reverse Takeover definition

Reverse Takeover means a transaction that the issuer is required under the issuer’s GAAP to account for as a reverse takeover;
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Reverse Takeover means a transaction by which an enterprise obtains ownership of the securities of another enterprise but, as part of the transaction, issues enough voting securities as consideration that control of the combined enterprise passes to the securityholders of the acquired enterprise;
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Reverse Takeover means a reverse acquisition as defined in Canadian GAAP applicable to “publicly accountable enterprises” (as determined in accordance with the Handbook), or a transaction in which an issuer issues enough voting securities as consideration for the acquisition of an entity such that control of the issuer passes to the securityholders of the acquired entity;
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Examples of Reverse Takeover in a sentence

  • Reverse Takeover Transactions — When an acquisition is accounted for as a reverse takeover, the MD&A should be based on the reverse takeover acquirer’s financial statements.

  • On September 12, 2012, the Company entered into a Share Exchange Agreement (the ‘Share Exchange Agreement”) which resulted in a Reverse Takeover pursuant to which the Company offered and sold an aggregate of 90,000,000 shares of common stock to all the stockholders of Infinity Resources, Inc., a Nevada corporation (“Infinity”), incorporated in the State of Nevada, on April 27, 2012.

  • On July 31, 2019, 4Front Holdings LLC (“Holdings”) completed a Reverse Takeover Transaction (“RTO”) with Cannex Capital Holdings, Inc.

  • Each whole Finco Warrant was exercisable for one Finco Share at an exercise price of $1.30 for a period of 24 months following the closing of the Reverse Takeover Transaction.

  • Item 10A - Reverse Takeover and Probable Reverse Takeover 10A.1 Completed Reverse Takeover Disclosure – If the issuer has completed a reverse takeover since the end of the financial year in respect of which the issuer’s current AIF is incorporated by reference into the short form prospectus under paragraph 1.


More Definitions of Reverse Takeover

Reverse Takeover means the amalgamation transaction between Gwelan and mBase Commerce Inc. on January 1, 2007;
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Reverse Takeover shall have the meaning provided to such term in the Policy;
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Reverse Takeover means the completion of the combination of the businesses of the Company, HB2, Xxxxx, Subco and Blocker pursuant to the Definitive Agreement.
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Reverse Takeover means the completion of the combination of the businesses of the Company, Acreage, Finco and Merger Sub pursuant to the Definitive Agreement.
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Reverse Takeover means the completion of the combination of the businesses of the Company, Origination, Finco, Subco and Blocker pursuant to the Definitive Agreement; and
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Reverse Takeover means either of the following:
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Reverse Takeover means the completion of the concurrent Amalgamation Transaction and Zancudo Transaction which constituted an arm’s length reverse takeover;
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