Examples of Qualifying Transaction in a sentence
On January 8, 2013, the Company completed its Qualifying Transaction and ceased to be a Capital Pool Company.
Upon the close of the Qualifying Transaction, the Company successfully became listed on Tier 1 of the TSX Venture Exchange (see note 27) under the symbol “POPR”.
In 2009, the TSX-V accepted the Company’s Qualifying Transaction and filing statement, and the Company began trading on the TSX-V as a Tier 2 company under the symbol ECC.
The Qualifying Transaction was completed on June 30, 2020 by way of a three-corned amalgamation, pursuant to which Subco amalgamated with PopReach Incorporated (“PopReach”) and the Company, which now holds the assets of PopReach Incorporated as a wholly-owned subsidiary, changed its name to PopReach Corporation.Immediately prior to the close of the Qualifying Transaction, the Company consolidated its common shares on an 8 to 1 basis (the “Share Consolidation”).
Transaction amounts arising from balance transfers, personal loans, payment of annual membership fees, interest, goods and services taxes, late payment fees, and any other form of service/miscellaneous fees will not be considered as a Qualifying Transaction and accordingly, such transaction amounts will not be aggregated for the Promotion.