Examples of Per Share Merger Consideration Value in a sentence
Per Share Merger Consideration Value (calculated to be approximately $10.15 as of the date of the signing of the Merger Agreement) is defined as Merger Consideration Value (Equity Value, plus (b) Cash, and Aggregate Exercise Price from all outstanding options minus (c) Debt for Borrowed Money, or $874.7 million as of the date of the signing of the Merger Agreement) divided by the fully diluted Legacy Metromile Outstanding Shares (86.2 million equivalent shares).
April 12, 2021 Page 2 example, some, but not all, of these variables are Exchange Ratio, Equity Value, Cashout Vested Company Options, Per Share Merger Consideration Value, Per Share Cash Consideration, the number of instruments (e.g., shares, warrants, options, RSUs, Outstanding Company Equity Securities, etc.), and aggregate per share exercise price for company warrants and options.
For purposes of this Agreement, the “Option Exchange Ratio” shall be the fraction having a numerator equal to the Per Share Merger Consideration Value and having a denominator equal to the Parent Share Value.
For purposes of this Agreement, the “Steuben Stock Option Consideration” means, with respect to a Steuben Stock Option, an amount in cash, without interest, equal to the product of (x) the number of Steuben Common Shares underlying such Steuben Stock Option multiplied by (y) the excess, if any, of the Per Share Merger Consideration Value over the exercise price per share of such Steuben Stock Option.
The “Aggregate Option Spread” equaled the product of (A) the excess, if any, of (i) the Per Share Merger Consideration Value over (ii) the exercise price per Legacy Metromile Common Share subject to such Legacy Metromile Option, multiplied by (B) the number of Legacy Metromile Common Shares subject to such Legacy Metromile Option.