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How is Initial Shareholders defined in a legal contract?

• Initial Shareholders means the Sponsor, the Directors, and officers or their respective affiliates who hold shares before the Initial Public Offering (IPO). Seen in 23 SEC filings.
• Initial Shareholders means the Sponsor and any Insider that holds Founder Shares or Performance Shares. Seen in 19 SEC filings.
• Initial Shareholders means the Sponsor and any of the Directors or officers who hold shares before the IPO. Seen in 13 SEC filings.
• Initial Shareholders means the Company's Sponsor and the other holders of the Founder Shares prior to the consummation of the Offering. Seen in 9 SEC filings.
• Initial Shareholders means the Sponsor and any other holders of Founder Shares prior to the Offering or their permitted transferees. Seen in 9 SEC filings.
• Initial Shareholders means all of Andina’s shareholders immediately prior to its IPO, including its officers, directors, and the underwriters in its IPO to the extent they hold such shares. Seen in 8 SEC filings.
• Initial Shareholders means the holders of the founder shares prior to DD3’s initial public offering and their permitted transferees, as applicable. Seen in 8 SEC filings.

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Initial Shareholders means the Sponsor, Directors, officers, or affiliates holding shares before the IPO.

Relevant Contract Types

• Shareholder Agreements
• Investment Agreements
• Business Purchase Agreements
• Joint Venture Agreements

Relevant Circumstances

• Company initial public offerings (IPOs)
• Government or private sector investments
• Mergers and acquisitions
• Formation of joint ventures

Relevant Sectors

• Finance
• Technology
• Real Estate
• Professional Services

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Genie Definition 2

• Initial Shareholders means all individuals or groups possessing shares prior to a significant business offering.

Relevant Contract Types

• Stock Purchase Agreements
• Equity Interest Purchase Agreements
• Investment Agreements
• Merger Agreements

Relevant Circumstances

• Private placements of securities
• Private equity investments
• Mergers and acquisitions
• Business formation and structuring

Relevant Sectors

• Telecommunications
• Manufacturing
• Healthcare
• E-commerce

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