IPO definition
Examples of IPO in a sentence
The Securities and the related registration rights may not be sold, transferred, assigned, pledged or hypothecated or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of such securities by any person for a period of one hundred eighty (180) days immediately following the commencement of sales in the IPO.
Upon issuance in accordance with, and payment pursuant to, the terms hereof and the share rights agreement to be entered into with Continental on or prior to the closing of the IPO (the “Rights Agreement”) and the amended and restated memorandum and articles of association of the Company (as applicable), as the case may be, each of the Securities will be duly and validly issued, fully paid and non-assessable.
If the IPO is not consummated within 14 days of the date the Purchase Price is delivered to the Company, the Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.
At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (the “Registration Statement”), the Purchaser agrees to deliver the Purchase Price by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to the Company.
The Purchaser acknowledges that the Units and their component parts and the related registration rights will be deemed compensation by the Financial Industry Regulatory Authority (“FINRA”) and will therefore, pursuant to Rule 5110(e) of the FINRA Manual, be subject to lock-up for a period of 180 days immediately following the commencement of sales in the IPO, subject to certain limited exceptions to permitted transferees hereunder and in accordance with FINRA Rule 5110(e)(2)(B).