Examples of New Westaim Shares in a sentence
The Purchase Price payable by Westaim to the Four Star Securityholders concurrent with the execution of this Agreement for the Plumb-Line Holdings LP Securities held by the Four Star Securityholders is • New Westaim Shares, in aggregate, with such New Westaim Shares to be allocated to the Four Star Securityholders on the basis set forth in Schedule “A” hereto.
The Purchase Price payable by Westaim to Arcticor concurrent with the execution of this Agreement for the Nascor Securities and the Arcticor Warrant is • New Westaim Shares.
Regulatory Approvals The Reorganization Agreement provides that receipt of all required regulatory approvals including, without limitation, receipt of conditional approval of the TSX for listing of the New Westaim Shares issuable pursuant to the Transactions, is a condition precedent to the Reorganization becoming effective.
Following implementation of the Reorganization and giving effect to the Consolidation, New Westaim will have approximately 18.85 million New Westaim Shares outstanding.
Until surrendered, as contemplated by this Section 5.1, each certificate which immediately prior to or upon the Time of Closing represented one or more Westaim Shares under the Consolidation, that were exchanged or were deemed to be exchanged for New Westaim Shares, shall be deemed at all times after the Time of Closing, to represent only the right to receive upon such surrender a certificate representing that number of New Westaim Shares which such Holder has the right to receive.
For example, if the Equity Financing Offering Price is not $12.00 but rather is $10.00 per New Westaim Share, current Westaim Shareholders will hold approximately 30.1% of the New Westaim Shares outstanding and conversely if the Equity Financing Offering Price is $14.00 per New Westaim Share, current Westaim Shareholders will hold approximately 21.5% of the New Westaim Shares outstanding.
At or promptly after the Time of Closing, Westaim shall deposit with the Westaim Transfer Agent, for the benefit of the Westaim Shareholders who will receive New Westaim Shares in connection with the Consolidation, certificates representing the number of New Westaim Shares that are issuable in connection with the Consolidation.
In the event of a transfer of ownership of Westaim Shares that was not registered in the securities register of Westaim, a certificate representing the proper number of New Westaim Shares may be issued to the transferee if the certificate representing such Westaim Shares is presented to the Westaim Transfer Agent as provided above, accompanied by all documents required to evidence and effect such transfer and to evidence that any applicable stock transfer taxes have been paid.
Amounts represent the number of New Westaim Shares issued, except for the Equity Financing Offering Price, which is expressed in dollars.
The Purchase Price payable by Westaim to the PLMG Shareholders concurrent with the execution of this Agreement for the PLMG Securities held by the PLMG Shareholders is •New Westaim Shares, in aggregate, with such New Westaim Shares to be allocated to the PLMG Shareholders on the basis set forth in Schedule “A” hereto.