Class B Ordinary Shares definition

Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

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Class B Ordinary Shares means the Company’s Class B ordinary shares, par value $0.0001 per share.

Class B Ordinary Shares shall have the meaning given in the Recitals hereto.

Examples of Class B Ordinary Shares in a sentence

For the avoidance of doubt, no adjustment shall be made to the terms of the Warrants solely as a result of an adjustment to the conversion ratio of the Class B Ordinary Shares into Ordinary Shares or the conversion of Class B Ordinary Shares into Ordinary Shares, in each case, pursuant to the Memorandum and Articles of Association, as further amended from time to time.
Seller hereby agrees to transfer immediately as of the date hereof the aggregated amount of 60,000 Class B Ordinary Shares to the Buyers (collectively, the “Initial Shares”) as listed on the Schedule I attached hereto.
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.
The authorized share capital of Buyer is US$15,000 divided into 250,000,000 shares of par value US$0.00006 each, comprising 237,500,000 Class A Ordinary Shares of par value US$0.00006 each and 12,500,000 Class B Ordinary Shares of par value US$0.00006 each, of which 2,682,355 Class A Ordinary Shares and 12,800 Class B Ordinary Shares (for an aggregate of 2,695,155 issued and outstanding shares) are issued and outstanding.

More Definitions of Class B Ordinary Shares

Class B Ordinary Shares and, together with the Class A Ordinary Shares, the “Ordinary Shares”), Warrants or any securities convertible into, or exercisable, or exchangeable for, Class A Ordinary Shares owned by him, her or it; provided, however, that the foregoing shall not apply to transfers to the Sponsor by the Insiders, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Units, Class A Ordinary Shares, Founder Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, Class A Ordinary Shares owned by him, her or it, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii). If the undersigned is an officer or director of the Company, the undersigned further agrees that the forgoing restrictions shall be equally applicable to any issuer-directed Units that the undersigned may purchase in the Public Offering.

Class B Ordinary Shares shall have the meaning set forth in the recitals to this Agreement.

Class B Ordinary Shares means: class B ordinary shares in the capital of the Company;

Class B Ordinary Shares means (x) the Company’s shares of class B ordinary shares, par value $0.00001 per share, and (y) any capital stock into which such shares shall have been changed or any share capital resulting from a reclassification of such ordinary shares.

Class B Ordinary Shares means the Class B Ordinary Shares in the capital of the Company having a par value of USD0.001 each having the rights, and subject to the restrictions, provided in these Articles;

Class B Ordinary Shares means Class B ordinary shares of the Company, par value $0.0001 per share.

Class B Ordinary Shares means the Class B ordinary shares of the Company, par value $0.0001 per share; (c) “Founder Shares” shall mean the 5,000,000 Class B Ordinary Shares initially issued to the Sponsor for an aggregate purchase price of $25,000, or approximately $0.005 per share, prior to the consummation of the Public Offering; (d) “Initial Shareholders” shall mean the Sponsor and any Insider that holds Founder Shares; (e) “Ordinary Shares” shall mean, collectively, the Class A Ordinary Shares and the Class B Ordinary Shares; (f) “Private Placement Shares” shall mean the 500,000 Class A Ordinary Shares that the Sponsor has agreed to purchase for a purchase price of $5,000,000, or $10.00 per share, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (g) “Public Shareholders” shall mean the holders of Class A Ordinary Shares issued in the Public Offering; (h) “Trust Account” shall mean the trust fund into which a portion of the net proceeds from the Public Offering and the sale of the Private Placement Shares shall be deposited; and (i) “Transfer” shall mean the (i) 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 Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (ii) 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 (iii) public announcement of any intention to effect any transaction specified in clause (i) or (ii).