Going Public Transaction

Going Public Transaction. Means (i) a listing of the share capital of the Licensee on any Exchange; (ii) the acquisition of the Licensee by an existing company listed on any Exchange, such that the resulting effect is that the holders of the share capital of the Licensee receive shares in the capital of the resulting public company; or (iii) any other type of transaction whatsoever which results in the current holders of the share capital of the Licensee receiving shares of a company listed on the Exchange in exchange... for their existing share capital of the Licensee; View More

Going Public Transaction. Means the consummation of (i) the acquisition of a controlling interest (more than 50% of the voting power) in the Issuer (through merger, sale of stock or other transaction or series of related transactions) by a U.S. entity whose equity securities are eligible for trading on NASDAQ's Over the Counter Bulletin Board (OTCBB) (the "Acquiror"), or (ii) the sale or transfer of all or substantially all of the Issuer's assets or business to an Acquiror.