Examples of Gross Cash Proceeds in a sentence
The maximum Gross Cash Proceeds (together with any Additional Subscriptions) shall be the lower of: (i) 1.25 times the Gross Initial Acquisition Proceeds; and (ii) US$489.5 million.
US$761,877,360.During the book building period, the Company has received good interest in the Placing and Offer, such that demand currently exceeds the minimum Gross Cash Proceeds.
The Board of BioPharma Credit plc (the "Company"), a newly incorporated investment trust, is pleased to announce the final results of the successful Placing, Offer, and PL Subscription.Following a book-building process, the Company has raised Gross Cash Proceeds of US$373,265,200 in aggregate through the Placing, Offer, and PL Subscription (being the direct subscription by Pablo Legorreta).
US$338,612,160.Therefore, it is expected that the Gross Initial Acquisition Proceeds on Subsequent Admission will exceed the minimum set out in the Prospectus (i.e. US$150 million).The Gross Cash Proceeds, being the cash proceeds raised through the Placing, the Offer and the PL Subscription, (together with any Additional Subscriptions on Subsequent Admission) will be capped at US$423,265,200, being 1.25 times the Gross Initial Acquisition Proceeds.
Due to oversubscription for the Gross Cash Proceeds, the Joint Bookrunners, in consultation with the Company, decided to scale back PL Subscription to $20 million instead of $25 million.