Founder definition

Founder means, in respect of an issuer, a person who,

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Founder means, in respect of an issuer, a person who, (i) acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the issuer, and (ii) at the time of the distribution or trade is actively involved in the business of the issuer;

Founder means ▇▇▇▇▇▇▇ ▇. ▇▇▇▇.

Examples of Founder in a sentence

No underwriting discounts, commissions or placement fees have been or will be payable in connection with the purchase of Founder Shares.
In the event that the Over-allotment Option is not exercised in full, the Sponsor will be required to forfeit such number of Founder Shares (up to 700,000 Founder Shares) such that the Founder Shares then outstanding will comprise 25% of the issued and outstanding shares of the Company after giving effect to the Offering and the exercise, if any, of the Over-allotment Option (not including the Private Placement Shares (as defined below) and the Representative Shares).
The holders of Founder Shares shall have no right to any liquidating distributions with respect to any portion of the Founder Shares in the event the Company fails to consummate a Business Combination.
On April 16, 2026, the Sponsor surrendered 1,341,666 Founder Shares for no consideration.
On [●], 2026, the Sponsor transferred an aggregate of 80,000 Founder Shares to the Company’s independent director nominees.

More Definitions of Founder

Founder means, in respect of an issuer, a person who:

Founder has the meaning set forth in the Preamble.

Founder means each of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇.

Founder has the meaning set forth in the Preamble of this Agreement.

Founder shall have the meaning ascribed to it in the preamble.

Founder and “Founders” shall have the meaning ascribed to it in the preamble of this Agreement.

Founder means, in respect of the Corporation, a person who: (i) acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the Corporation; and (ii) at the time of the trade is actively involved in the business of the Corporation;