Transaction Structure. The transactions contemplated by this Agreement (the “Transaction”) shall be implemented in three sequential stages (each, a “Stage”), subject to the achievement of the Milestones (as defined below) and the satisfaction (or waiver) of the conditions set forth herein. Upon completion of all Stages, VisionWave shall beneficially own approximately 51% of SaverOne’s issued and outstanding Ordinary Shares (on a fully diluted basis, excluding any dilutive effects from future issuances unrelated to this Agreement), and SaverOne shall own shares of VisionWave Common Stock having an aggregate value of USD $7,000,000 (subject to the Value Protection Mechanism in Section 1.6).
Appears in 3 contracts
Sources: Exchange Agreement (VisionWave Holdings, Inc.), Exchange Agreement (VisionWave Holdings, Inc.), Exchange Agreement (SaverOne 2014 Ltd.)