Initial Placement Shares definition

Initial Placement Shares means, the number of shares of Common Stock equal to the number of shares of Common Stock actually sold in the Public Offering, multiplied by a ratio, the numerator of which is the Investor Ownership Percentage, and the denominator of which is a percentage equal to 100% minus the Investor Ownership Percentage, rounded down to the nearest whole share.
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Initial Placement Shares means the 6,750,000 initial placement shares issued on 6 January 2021 in accordance with the Agreement.
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Examples of Initial Placement Shares in a sentence

  • The Company has furnished to Cowen, for use by Cowen, copies of the prospectus included as part of such registration statement, as supplemented by the Prospectus Supplement relating to the Initial Placement Shares.

  • The Company has prepared prospectus supplements specifically relating to the Initial Placement Shares and the Additional Placement Shares (together, the “Prospectus Supplement”), in each case, to the base prospectus included as part of such registration statement.

  • For the avoidance of doubt, the amount of Additional Placement Shares available for offer and sale under this Agreement are in addition to any offers and sales of Placement Shares made prior to the date hereof or hereafter under the sales agreement prospectus supplement for the Initial Placement Shares filed by the Company on August 9, 2018.

  • The amounts set forth on Schedule 1 reflect the actual number of Initial Placement Shares calculated as set forth in the definition of Initial Placement Shares and the aggregate Purchase Price for all Initial Placement Shares, which aggregate Purchase Price is not in excess of $971 million.

  • For the avoidance of doubt, the amount of Additional Placement Shares available for offer and sale under this Agreement are in addition to any offers and sales of Placement Shares made prior to the date hereof or hereafter under the sales agreement prospectus supplement for the Initial Placement Shares filed by the Company on January 3, 2020.

  • For the avoidance of doubt, the amount of Additional Placement Shares available for offer and sale under this Agreement are in addition to any offers and sales of Placement Shares made prior to the date hereof or hereafter under the sales agreement prospectus supplement for the Initial Placement Shares filed by the Company on November 4, 2020.

  • The purchase and sale of the Initial Placement Shares pursuant to this ‎Section 2.01 is referred to as the “Initial Placement”.