Reverse mergers definition
Reverse mergers means mergers referred to in Article 117-bis of the Consolidated Law on Finance; “Series” means, with reference to the derivatives market (IDEM), the financial instruments based on the same asset (instrument) which have the same maturity and, in the case of options, confer the same right and have the same exercise price; “Settlement service” means the clearing and settlement service on multilateral bases and the gross settlement service referred to in Article 69.1 of the Consolidated Law on Finance; “SICAFs” means the investment companies with fixed capital referred to in Section 1, letter i-bis, of the Consolidated Law on Finance. “SIIQ” means companies that have exercised the option referred to in Article 1(120) of Law 296/2006 and adopted the corresponding qualification; “SIVs” or “Special investment vehicles” means companies established for the purpose of the strategic acquisition of a specific business, whose exclusive corporate purpose is to invest prevalently in a company or assets to perform the related instrumental activities. It also means companies other than AIFs whose investment strategy has not been initiated or completed yet and/or is particularly complex; ‘’SMEs’’ Indicates small and medium enterprises as provided for in the legislative decree 58 of 24 February 1998, article 1, paragraph 1, letter w) quarter. 1); “Specialist in the ETFplus market” means an approved intermediary that undertakes to support the liquidity of financial instruments traded on the ETFplus market and performs the functions referred to in Article 4.4.1;
Reverse mergers means mergers referred to in Article 117-bis of the Consolidated Law on Finance; “Series” means, with reference to the derivatives market (IDEM) and covered warrants and
Reverse mergers means mergers referred to in Article 117-bis of the Consolidated Law on Finance; “Series” means, with reference to the derivatives market (IDEM), the financial instruments
More Definitions of Reverse mergers
Reverse mergers means mergers and capital increases through contribution in kind in which a company with unlisted shares is absorbed/transferred into a company with listed shares, when the amount of the latter company’s assets, other th financial assets which does not constitute fixed assets, is less than fifty percent of the amount of the corresponding assets of the absorbed/transferred company. It also means acquisitions in which a company with unlisted shares is acquired by a company with listed shares, when the amount of the latter's assets, other than cash and current financial; assets which does not constitute fixed assets, is less than fifty percent of the amount of the corresponding assets of the acquired company. This definition also includes any transaction, however named or executed, that achieves the same result;
Reverse mergers is defined in clause (b) of the third recital.