Initial Share Count definition
Initial Share Count means the number of Voting Securities outstanding as of Closing (as appropriately adjusted for any stock split, subdivision, combination or reclassification of any shares).
Examples of Initial Share Count in a sentence
The Plan of Reorganization contemplates a minimum initial equity value of $[TBD] million, which for purposes hereof will consist of [TBD] 1 million shares (“Initial Share Count”) at $10 per share; such equity value and Initial Share Count would be adjusted based on the amount of new equity funded on Emergence.
By way of example only, if the Initial Debt was $400 million and the Initial Share Count was 56.5 million, then the per share exercise price of Option 1 would be $30.08 and the number of shares subject to the option would be 143,370.