Class A Ordinary Shares definition
Examples of Class A Ordinary Shares in a sentence
The Class A Ordinary Shares issuable upon conversion of the Class B Ordinary Shares have been duly authorized and reserved for issuance upon such conversion.
For purposes of clarity, in the event the Subscriber purchases securities in the IPO or in the aftermarket, any Class A Ordinary Shares so purchased (the “Public Shares”), shall be eligible to receive any liquidating distributions by the Company.
The Company’s authorized share capital is US$500,000 divided into 2,083,333 shares with a par value of US$0.24 each comprising of (a) 1,666,667 Class A Ordinary Shares with a par value of US$0.24 each and (b) 416,666 Class B Ordinary Shares with a par value of US$0.24 each.
The total number of all classes of share capital which the Company has authority to issue is 500,000,000 Class A Ordinary Shares of a par value of US$0.0001 each, 50,000,000 Class B ordinary shares of a par value of US$0.0001 each (“Class B Ordinary Shares”) and 5,000,000 preference shares of a par value of US$0.0001 each.
In the event that the Subscribers purchases Class A Ordinary Shares as part of the Units in the IPO or in the aftermarket, any additional Class A Ordinary Shares so purchased shall be eligible to receive the redemption value of such Class A Ordinary Shares upon the same terms offered to all other purchasers of Class A Ordinary Shares included as part of the Units in the IPO.