Reverse Takeover definition

Reverse Takeover means a transaction that the issuer is required under the issuer’s GAAP to account for as a reverse takeover;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Reverse Takeover means a transaction by which an enterprise obtains ownership of the securities of another enterprise but, as part of the transaction, issues enough voting securities as consideration that control of the combined enterprise passes to the securityholders of the acquired enterprise;

Reverse Takeover means a reverse acquisition as defined in Canadian GAAP applicable to “publicly accountable enterprises” (as determined in accordance with the Handbook), or a transaction in which an issuer issues enough voting securities as consideration for the acquisition of an entity such that control of the issuer passes to the securityholders of the acquired entity;

Examples of Reverse Takeover in a sentence

• This salary will increase to US$17,500.00 a month on the completion of a successful Reverse Takeover (RTO) transaction.

• As a result of its size, the Acquisition constitutes a Reverse Takeover for AssetCo for the purposes of the AIM Rules.

• As used herein, the term “the Company” shall include the Buyer or any successor-in-interest to the Buyer in connection with a Change of Control or a Reverse Takeover.

• The Corporation further undertakes to use its commercially reasonable efforts to cause Theia to provide the Agents with access to the foregoing materials in respect of assets that are to be subject to the Reverse Takeover.

• In this regard it is hereby also acknowledged and agreed by the Parties hereto that, upon the completion of the within Reverse Takeover, it is intended, subject to the Purchaser's prior receipt of appropriate accounting and legal advice, that the Loan will simply be forgiven, or become an inter-company account as the situation may require.

More Definitions of Reverse Takeover

Reverse Takeover means a merger or share exchange by the Company with a PubCo and as a result of which the holders of the Company’s outstanding shares of Common Stock, on a fully-diluted basis, will own in excess of 50% of the outstanding shares of Common Stock of such PubCo.

Reverse Takeover means the amalgamation transaction between Gwelan and mBase Commerce Inc. on January 1, 2007;

Reverse Takeover means either of the following:

Reverse Takeover means a transaction that the issuer is required under the issuer’s GAAP to account for as a reverse takeoverreverse acquisition, as defined in Canadian GAAP applicable to publicly accountable enterprises, or a transaction in which an issuer issues enough voting securities as consideration for the acquisition of an entity such that control of the issuer passes to the securityholders of the acquired entity;

Reverse Takeover shall have the meaning provided to such term in the Policy;

Reverse Takeover means the completion of the combination of the businesses of the Company, HB2, ▇▇▇▇▇, Subco and Blocker pursuant to the Definitive Agreement.

Reverse Takeover means a merger or share exchange by the Corporation with a PubCo and as a result of which the holders of the Corporation’s outstanding shares of Common Stock on a fully-diluted basis will own in excess of 50% of the outstanding shares of common stock of PubCo.