Examples of Exchange Transaction in a sentence
In connection with the Share Exchange Transaction, the former shareholders of Natur received the equivalent of 215,759,999 shares of the Common Stock of the Company (the Common Stock ), which was issued in part as 115,760,000 shares of Common Stock and in part as 100,000 shares of voting, convertible Series B Preferred Stock of the Company (the Series B Preferred Stock ) representing 100,000,000 shares of Common Stock upon conversion.
Figure 5: Import (IMP) Form IMP form is the form by which importer to apply to its nominated banks for payments against imports into Bangladesh (Guidelines Foreign Exchange Transaction Para 28, Chapter 7, 2009).
Immediately afterthe Share Exchange Transaction, the former Natur shareholders now collectively have a controlling position among the shareholders of the Company, and Natur has become a wholly-owned subsidiary of the Company.
During the three months ended September 30, 2023, Steel Connect disposed of all its interest in Aerojet common Stock which it received in the Exchange Transaction for net proceeds of $207,799.
Under the Letter Agreement, the Issuer has agreed to consolidate the Common Shares on a 5:1 basis and change its name to “Ignite International Brands, Ltd.” The Issuer has also agreed that two of its current directors and all of its executive officers will resign upon closing of the Second Share Exchange Transaction and be replaced by persons designated by Ignite US, with Dan Bilzerian being the Chairman and CEO and Brandon Boddy remaining as a director.