Examples of IPO Share Price in a sentence
The IPO Share Price shall be not less than $12.75 per share and the gross proceeds of the IPO, excluding any proceeds attributable to the overallotment option, shall be not less than $200,000,000.
For the sake of clarity, Purchaser and the Shareholders recognize that the ability of Purchaser to complete the IPO is subject to, among other factors outside of the control of Purchaser, favorable market conditions and that, notwithstanding the prior sentence, Purchaser shall not be required to complete the IPO if the IPO Share Price would be less than $12.75 per share.
For the sake of clarity, Purchaser and the Shareholders recognize that the ability of Parent to complete the IPO is subject to, among other factors outside of the control of Parent, favorable market conditions and that, notwithstanding the prior sentence, Parent shall not be required to complete the IPO if the IPO Share Price would be less than $12.75 per share.
No certificates representing fractional Shares shall be issued upon the conversion of the Shares into the right to receive the Consideration pursuant to Section 2.5. In lieu of any such fractional share of Purchaser Common Stock, each holder of Shares who would otherwise be entitled to such fractional share of Purchaser Common Stock shall be entitled to receive an amount in cash, without interest, rounded to the nearest cent, equal to the product of (i) such fractional amount and (ii) the IPO Share Price.