Fully Diluted definition
Examples of Fully Diluted in a sentence
The Payment Spreadsheet shall expressly exclude unvested Company Options from Fully-Diluted Company Common Shares for purposes of allocating the Arrangement Consideration and shall reflect the treasury-stock method treatment of vested Company Options.
For greater certainty, unvested Company Options shall not be included in the Fully-Diluted Company Common Shares for allocation of the Arrangement Consideration and shall not reduce or dilute the Arrangement Consideration Shares.
Each Company Option that is vested and outstanding immediately prior to the Arrangement Effective Time shall be included for purposes of calculating the figure representing the Fully-Diluted Company Common Shares, and shall thereupon be exchanged for a Replacement Option in accordance with the terms of the Plan of Arrangement.
The First Warrant shall be exercisable for that number of ordinary shares as is equal (a) to forty percent (40%) of the Fully-Diluted Capitalization of IMSCP minus (b) the number of ordinary shares then owned, or transferred by Cue, calculated immediately following the issuance of the First Warrant to Cue.
The Second Warrant shall be exercisable for that number of ordinary shares as is equal to (a) twenty percent (20%) of the Fully-Diluted Capitalization of IMSCP minus (b) the number of ordinary shares then owned by Cue and the number of shares for which the First Warrant is then-exercisable, calculated immediately following the issuance of the Second Warrant to Cue.