Reverse Takeover definition

Reverse Takeover means a transaction that the issuer is required under the issuer’s GAAP to account for as a reverse takeover;

Reverse Takeover means a transaction by which an enterprise obtains ownership of the securities of another enterprise but, as part of the transaction, issues enough voting securities as consideration that control of the combined enterprise passes to the securityholders of the acquired enterprise;

Reverse Takeover means a reverse acquisition as defined in Canadian GAAP applicable to “publicly accountable enterprises” (as determined in accordance with the Handbook), or a transaction in which an issuer issues enough voting securities as consideration for the acquisition of an entity such that control of the issuer passes to the securityholders of the acquired entity;

Examples of Reverse Takeover in a sentence

• Holder hereby confirms that upon completion of the Reverse Takeover, its only right pursuant to the Note prior to the Maturity Date shall be its entitlement to receive Special Warrants upon achievement of the First Milestone.

• As a result of its size, the Acquisition constitutes a Reverse Takeover for AssetCo for the purposes of the AIM Rules.

• Other than matters contemplated by the Reverse Takeover, including any placing or admission thereto, this agreement contains the entire and only agreement between the parties in relation to the arrangements contemplated by this agreement and supersedes all previous agreements, understandings or arrangements, whether written or oral, between the parties or any of them in relation to these arrangements, which shall cease to have any further force or effect.

• For the avoidance of doubt, and other than matters contemplated by the Reverse Takeover, the terms of the Broker’s engagement in relation to Admission and the Placing will be solely governed by this agreement which will supersede all previous agreements, understandings or arrangements, whether written or oral, between the parties or any of them in relation to these arrangements (including the Broker’s Letter of Engagement).

• This Agreement is being entered into by the Parties under TSX Venture Exchange (the “Exchange”) Policy 5.4 – Escrow, Vendor Consideration and Resale Restrictions (the “Policy”) in connection with a Reverse Takeover of the Issuer by DrawDown Detection Inc.

More Definitions of Reverse Takeover

Reverse Takeover means the amalgamation transaction between Gwelan and mBase Commerce Inc. on January 1, 2007;

Reverse Takeover shall have the meaning provided to such term in the Policy;

Reverse Takeover means the completion of the combination of the businesses of the Company, HB2, Xxxxx, Subco and Blocker pursuant to the Definitive Agreement.

Reverse Takeover means a transaction provided for in the issuer’s GAAP that the issuer is required under the issuer’s GAAP to account for as a reverse takeover;

Reverse Takeover means: (a) a reverse acquisition, which has the same meaning as in Canadian GAAP applicable to publicly accountable enterprises; or (b) a transaction where an issuer acquires a person or company by which the securityholders of the acquired person or company, at the time of the transaction, obtain control of the issuer, where, for purposes of this paragraph, “control” has the same meaning as in Canadian GAAP applicable to publicly accountable enterprises;

Reverse Takeover means the completion of the concurrent Amalgamation Transaction and Zancudo Transaction which constituted an arm’s length reverse takeover;

Reverse Takeover means the completion of the combination of the businesses of the Company, Acreage, Finco and Merger Sub pursuant to the Definitive Agreement.