Pubco Stock definition
Examples of Pubco Stock in a sentence
PubCo, on behalf of Purchaser, shall instruct its transfer agent to issue the Earnout Securities and provide confirmation of such issuance in book-entry form to the Sellers Representative within 10 Business Days thereof, and no fractional PubCo Stock shall be issued as Earnout Securities.
Notwithstanding the restrictions contained in this Section 6.1(a), the Sellers may, as applicable: (i) own solely as an investment, securities of any Person traded on any national securities exchange if such Seller is not a controlling Person of, or a member of a group which controls, such Person and does not, directly or indirectly, own 5% or more of any class of securities of such Person; and (ii) own PubCo Stock.
If applicable, the Sellers shall be entitled to receive Earnout Securities equal to the nearest whole PubCo Stock (rounded upwards or downwards).