Share Pool definition
Examples of Share Pool in a sentence
Consideration New Common Share Pool “Early Consent Consideration New Common Share Pool” means New Common Shares representing approximately 5% of the aggregate issued and outstanding common shares of the Company immediately following implementation of the Transaction.
For the avoidance of doubt, the Share Pool will not be increased by any shares of Stock delivered under the Plan that are subsequently repurchased using proceeds directly attributable to Stock Option exercises.
If the calculation of the Common Cash Pool results in a negative number (the “Common Cash Shortfall”), (x) the Common Share Pool will be reduced by a number of shares equal to the quotient obtained by dividing the absolute value of the Common Cash Shortfall by the Reference Price, rounded to the nearest whole share (with 0.5 of a share rounded up) and (y) the Common Cash Pool shall be deemed to be zero.
At the Closing and immediately prior to the Effective Time, GigCapital5 shall deliver to the Exchange Fund the Merger Consideration Earnout Share Pool.
To the extent consistent with the requirements of Section 422 and the regulations thereunder and other applicable legal requirements (including applicable stock exchange requirements), shares of Stock delivered in respect of Substitute Awards will be in addition to and will not reduce the Share Pool.