Initial Shares

Initial Shares. All of the outstanding shares of Common Stock issued prior to the consummation of the Company's initial public offering

Initial Shares. Means a number of Registrable Securities equal to the lesser of (a) the total number of Registrable Securities and (b) 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. Defined in the preamble to this Agreement

Initial Shares. The meaning set forth in the Recitals

Initial Shares. With respect to any Sponsor, the number of shares of Holdings' capital stock held by the Sponsor who is, or who is an Affiliate of, such Advisor as of the Effective Date, which number of shares shall be proportionally and equitably adjusted for any stock split, combinations, stock dividend or other recapitalization affecting such stock.

Initial Shares. The 1,433,480 shares of Common Stock issued to the Investor prior to the consummation of the Company's IPO

Initial Shares. Means the shares of Common Stock which may be issued (i) upon conversion of the Subordinated Convertible Notes issued to a Holder pursuant to the Purchase Agreement or (ii) pursuant to the terms of the Co-Pilot Agreement as Fee Shares (as defined in the Co-Pilot Agreement)

Initial Shares. A number of shares of Common Stock equal to the lesser of (i) the quotient of the Initial Aggregate Purchase Price divided by the Initial Per Share Purchase Price and (ii) the number of shares of Common Stock that would equal 7% of the outstanding Common Stock upon the effectiveness of the Initial Closing

Initial Shares. The 5,882,353 Common Shares issued to the Initial Holders for an aggregate purchase price of $10 million pursuant to Section 2.2 of the Services and Investment Agreement

Initial Shares. Means the Ordinary Shares of the Company issued prior to the consummation of the Company's initial public offering.