Examples of Upfront Consideration in a sentence
The Upfront Consideration Shares will be issued under an agreement between the Company and the Payment Assist Vendors.
The Placement Shares were issued as part of a capital raising (comprising the Placement and an accelerated entitlement offer) ( Capital Raising) to fund the Upfront Consideration of the Acquisition.
The balance of the Upfront Consideration was funded by Teranga through a public equity offering (the "Offering") and private placement to Tablo Corporation, an entity controlled by David Mimran, a director of the Company (the "Private Placement").
In total, $225 million of the Upfront Consideration was funded under an acquisition facility agreement (the “Acquisition Facility”) with Teranga’s existing lender, Taurus Funds Management Pty Ltd.
The Pemba Sellers will not receive any ReadyTech Shares as part of the Upfront Consideration as they elected to receive cash.