Equity Float definition
Equity Float means the market value of the outstanding publicly-traded shares of AOPP or the Resulting Entity, excluding shares held by Affiliates, and "Affiliates" shall include all executive officers, directors, and beneficial owners (within the meaning of Rule 13d-3 of the Exchange Act) of more than 10% of the outstanding shares of the publicly-traded stock of the Company.
Equity Float shall have the meaning set forth in Section 6.7 hereof.
Equity Float means the market value of the outstanding publicly-traded shares of AOP (or PSP11 after the Merger), excluding shares held by Affiliates, and "Affiliates" shall include all executive officers, directors, and beneficial owners (within the meaning of Rule 13d-3 of the Exchange Act) of more than 10% of the outstanding shares of the Capital Stock of AOP (or PSP11 after the Merger). A "Permitted Issuance" shall mean any issuance of AOP Common Stock, PSP11 Common Stock or securities convertible into, exercisable for or exchangeable for AOP Common Stock or PSP11 Common Stock (i) upon the conversion, exercise or exchange of any convertible or exchangeable security or any option, warrant or the like, (ii) as a dividend or distribution payable to all holders of AOP Common Stock or PSP11 Common Stock or by reason of a stock split of AOP Common Stock or PSP11 Common Stock or (iii) to employees or directors of, or consultants to, AOP or PSP11 pursuant to a plan adopted by the Board of Directors and approved by the stockholders of AOP or PSP11, as the case may be.