Class A Ordinary Shares definition
Examples of Class A Ordinary Shares in a sentence
For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Shares, the Company hereby grants to the Underwriters an option (the “Over-allotment Option”) to purchase, in the aggregate, up to [●] additional Class A Ordinary Shares (the “Option Shares”, and along with the Firm Shares, the “Shares”), representing fifteen percent (15%) of the Firm Shares sold in the Offering, from the Company.
The Company has filed with the Commission a Form 8-A (File Number 001-[●]) providing for the registration pursuant to Section 12(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of the Class A Ordinary Shares.
The Issuer has at the date of this Agreement an authorised share capital of USD50,000 divided into 500,000,000 Shares (as hereinafter defined) of USD0.0001 each, comprising (i) USD25,000 divided into 250,000,000 Class A Ordinary Shares; and (ii) USD25,000 divided into 250,000,000 Class B Ordinary Shares.
It is noted that, the Company intends to allot and issue 3,769,057 Class B Ordinary Shares (the “Newly Issued Shares”) to Jolly Harmony at an issue price per Newly Issued Share equal to the 90-day VWAP of the Class A Ordinary Shares.
At the Closing, subject to the terms and conditions of this Agreement, the Company shall issue to the Seller such number of Class A Ordinary Shares (the “Consideration Shares”) as is equal to the quotient obtained by dividing (i) US$105,329,974 by (ii) the issue price per Consideration Share, rounded to the nearest whole share.