Examples of Company Class A Shares in a sentence
Promoter Earn-out RightIn connection with the De-SPAC Transaction, the Promoter Earn-out Right has been granted to the Promoters pursuant to which the Successor Company will issue to the Promoters 12,508,125 new Successor Company Class A Shares credited as fully paid upon the satisfaction of certain conditions and subject to certain adjustments following Closing.
Notwithstanding the foregoing provisions of Sections 7.1(d), (f), and (g) as set forth above, HL hereby consents to the Company’s adoption of its Amended and Restated Articles of Association, the creation of the Company Class A Shares thereunder, and the issuance of an aggregate of 100 Company Class A Shares to certain Company Shareholders, and waives any noncompliance with such Sections.
Under the Successor Company Articles, Successor Company Shareholders, including holders of Successor Company Class A Shares, holding not less than one-tenth of the paid-up capital of the Successor Company that carries the right of voting at general meetings (on a one share one vote basis) are entitled to convene an extraordinary general meeting of the Successor Company and add resolutions to the meeting agenda.
For the avoidance of doubt, no cash consideration will be involved in the exchange of Aquila Class A Shares (excluding the Redeeming Aquila Shares and the Dissenting Aquila Shares) for newly issued Successor Company Class A Shares.
Other than the Company Ordinary Shares and the Company Class A Shares, no Company Securities are issued or outstanding.