Subordinate Voting Shares definition
Examples of Subordinate Voting Shares in a sentence
For purposes of this Article V, the Stockholder’s “Pro Rata Share” with respect to any offering of New Securities shall mean the ratio of: (A) the number of Vireo Shares then held by the Stockholder, together with its Affiliates (including, for purposes hereof, Scotts and its Affiliates), to (B) the total number of Subordinate Voting Shares issued and outstanding, in each case determined immediately prior to the launch of the applicable offering of New Securities.
In addition, as of the close of business on April 3, 2026, an aggregate of 94,195,109 Vireo Subordinate Voting Shares are issuable upon the exercise of outstanding equity award options and restricted stock units and 15,503,937 Vireo Subordinate Voting Shares are issuable upon the exercise of outstanding warrants to purchase Vireo Subordinate Voting Shares.