Initial Shares definition

Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

Initial Shares means all of the outstanding Ordinary Shares issued prior to the consummation of the Company’s initial public offering.

Examples of Initial Shares in a sentence

• The Initial Shares will rank pari passu and have the rights and privileges attached to them as set out in section 36(1) of the Companies Act (except to the extent negated, limited or modified by the Constitution).

• On the date of this agreement, the Company will issue and allot (to the extent not already issued and allotted) to the Initial Shareholders, credited as fully paid up (to the extent contributions are made on the date of this agreement) or unpaid (to the extent contributions are made after the date of this agreement) the relevant number of Initial Shares.

• Consent to issue (or restructure) and waiver of pre-emptive rights: The Initial Shareholders consent to the issue (or restructure) of the Initial Shares and waive any pre- emptive rights conferred on them as at the date of this agreement and this will constitute an agreement of all entitled persons pursuant to section 107(2) of the Companies Act.

• The Company will ensure that all documents necessary for the issue (or restructure) of the Initial Shares and an exclusion in schedule 1 of the Financial Markets Conduct Act 2013 to apply have been completed.

• Certificates (if any) representing the Initial Shares shall be registered in such names as the Lead Underwriter may request provided such request is made two (2) Business Days prior to the Closing Date.

More Definitions of Initial Shares

Initial Shares is defined in the preamble to this Agreement.

Initial Shares shall have the meaning given in the Recitals hereto.

Initial Shares has the meaning specified in Section 1(a).

Initial Shares has the meaning set forth in Section 2.04(e).

Initial Shares has the meaning set forth in the Recitals.

Initial Shares means, with respect to the applicable Purchaser, the number of shares of Common Stock issued to such Purchaser on the Closing Date (adjusted for stock splits, combinations, dividends and the like occurring after the Closing Date).

Initial Shares means 229,865 shares of the Class, subject to adjustment from time to time pursuant to the provisions of this Warrant.