Examples of Concurrent Financing in a sentence
On Closing HTI issued 28,511,479 shares at an estimated fair value of $0.63 per share in exchange for all of the issued and outstanding AssetCo Shares, including the Concurrent Financing Shares and reserve for issuance 15,460 shares in connection with the exercise of any Post-Consolidation PCL Options following the Amalgamation.
In addition, prior to the Concurrent Financing, the Agent also has agreed to sell on a ‘commercially reasonable efforts’ basis up to 4,000,000 units of the Company for $0.50 per unit (the “Seed Extension Financing”).
After Closing, 37,842,827 shares are issued and outstanding on a non-diluted basis, of which approximately 27,896,825 shares are held by VST, 614,654 shares are held by Concurrent Financing Subscribers, and 7,936,507 shares are held by former HTI shareholders and 1,394,841 shares are held by Hike.
Reverse Takeover Transaction (Continued) before Closing, there were (a) 51,333,727 Pre-Consolidation PCL Shares; (b) 100,000 Pre-Consolidation PCL Options;(c) 100 AssetCo Shares, excluding Concurrent Financing Shares; and (d) 614,654 Concurrent Financing Shares issued and outstanding.
Accordingly, approximately 73.72% of the total issued and outstanding shares are owned by VST, 1.62% of the total issued and outstanding shares are owned by Concurrent Financing Subscribers, approximately 20.97% of the total issued and outstanding shares are owned by pre-Transaction HTI Shareholders, and approximately 3.69% of the total issued and outstandingshares are owned by Hike on a non-diluted basis.