Ordinary Share definition
Examples of Ordinary Share in a sentence
If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in an Ordinary Share, the Company will, upon exercise, round down to the nearest whole number the number of Ordinary Shares to be issued to the Warrant holder.
Each Firm Unit consists of one (1) Class A ordinary share (“Ordinary Share”), $0.0001 par value per share, of the Company (the “Public Shares”), and one-half (1/2) of one redeemable warrant (the “Warrant”), which Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share upon consummation of a Business Combination (as defined below).
Each whole Warrant entitles its holder to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment, commencing 30 days after the consummation by the Company of a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses (the “Business Combination”) and expiring on the five-year anniversary of the consummation by the Company of its initial Business Combination, or earlier upon redemption or liquidation.
If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in an Ordinary Share, the Company shall, upon exercise, round down to the nearest whole number of Ordinary Shares to be issued to the holder of the Warrant.
On issuance of the Shares, the Subscriber hereby surrenders for no consideration the one Class B Ordinary Share of a par value of US$0.0001 that the Subscriber currently holds in the Company.