Initial Shareholders definition

Initial Shareholders means the Sponsor, the Directors and officers of the Company or their respective affiliates who hold shares prior to the IPO;

Initial Shareholders means the initial shareholders of the Company, who are also the project sponsor.

Initial Shareholders means the Sponsor (as defined in Section 1.5.1 hereof) and any other holders of Founder Shares (as defined in Section 1.5.1 hereof) prior to the Offering (or their permitted transferees).

Examples of Initial Shareholders in a sentence

• Prior to the date hereof, neither the Company, its officers and directors nor the Initial Shareholders had, and as of the Closing, the Company and such officers and directors and Initial Shareholders will not have had: (i) any specific Business Combination under consideration or contemplation; or (ii) any substantive interactions or discussions with any target business regarding a possible Business Combination.

• As of the date of this proxy statement/prospectus, the Initial Shareholders own approximately 20% of the issued and outstanding Tailwind Two Ordinary Shares.

• The Loan Agreements and the Notes were subsequently amended in part, but the amendments did not alter Corporation’s right to foreclose on the Common Stock in satisfaction of the Notes owed by the Initial Shareholders.

• On Date C, Corporation issued stock of the same class held by the Initial Shareholders to the public.

• The Loan Agreements provided that Corporation could foreclose on the Common Stock in full satisfaction of the Notes owed to it by the Initial Shareholders.

More Definitions of Initial Shareholders

Initial Shareholders means the Sponsor and any Insider that holds Founder Shares; (v) “Private Placement Warrants” shall mean the 5,000,000 warrants, each warrant entitling the holder thereof to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment as described in the Prospectus, that the Sponsor has agreed to purchase for an aggregate purchase price of $5,000,000 (or $1.00 per Private Placement Warrant), in a private placement that shall occur simultaneously with the consummation of the Public Offering; (vi) “Working Capital Warrants” shall mean the Private Placement-equivalent Warrants that may be issued in connection with the conversion of any working capital loans; (vii) “Public Shareholders” shall mean the holders of securities issued in the Public Offering; (viii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; and (ix) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

Initial Shareholders has the meaning set forth in the preamble and shall also include any Permitted Transferees of the Enstar Shareholder and the Trident Shareholders that become Shareholders.

Initial Shareholders means the Sponsor, Navy Sail International Limited (a company incorporated in the British Virgin Islands) and any of the Directors or officers of the Company who hold shares prior to the IPO;

Initial Shareholders means the Persons listed on Schedule 1.01 hereto.

Initial Shareholders means the Company's Sponsor and the other holders of the Founder Shares prior to the consummation of the Offering.

Initial Shareholders means all of Andina’s shareholders immediately prior to its IPO, including its officers and directors and the underwriters in its IPO to the extent they hold such shares.

Initial Shareholders means the holders of the founder shares prior to DD3’s initial public offering and their permitted transferees, as applicable.