Additional Placement Securities Sample Clauses
The 'Additional Placement Securities' clause defines the terms under which extra securities may be issued and offered beyond the initial allocation in a placement transaction. Typically, this clause outlines the conditions, timing, and process for issuing these additional securities, such as in response to oversubscription or to meet specific investor demand. Its core function is to provide flexibility for the issuer to adjust the total number of securities offered, thereby accommodating market interest and optimizing the capital-raising process.
Additional Placement Securities. Simultaneously with the Option Closing, the Sponsor shall purchase from the Company in private placements (the “Additional Private Placements”) pursuant to the Subscription Agreements (a) an additional number of Placement Units (up to a maximum of 21,389 additional Placement Units) (the “Additional Placement Units”), at a purchase price of $10.00 per Additional Placement Unit, and (b) an additional number of Placement Warrants (up to a maximum of 48,610 additional Placement Warrants) (the “Additional Placement Warrants”), at a purchase price of $1.00 per Additional Placement Warrant, pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.00 per share of Class A Common Stock sold to the public in the Offering is held in the Trust Account regardless of whether the Over-allotment Option is exercised in full or in part. The Additional Placement Units, the securities underlying the Additional Placement Units and the Additional Placement Warrants are hereinafter referred to collectively as the “Additional Placement Securities.” The Additional Placement Units and the Additional Placement Warrants shall be identical to the Placement Units and the Placement Warrants. There will be no placement agent in the Additional Private Placements and no party shall be entitled to a placement fee or expense allowance from the sale of the Additional Placement Securities.
Additional Placement Securities. Simultaneously with the closing of the Over-allotment Option, the Sponsor shall purchase from the Company in a private placement (the “Additional Private Placement”) pursuant to the Private Placement Unit Purchase Agreement (a) an additional number of Placement Units (up to a maximum of 12,000 additional Placement Units) (the “Additional Placement Units”), at a purchase price of $10.00 per Additional Placement Unit, The Additional Placement Units and the securities underlying the Additional Placement Units are hereinafter referred to collectively as the “Additional Placement Securities.” The Additional Placement Units shall be identical to the Placement Units. There will be no placement agent in the Additional Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Additional Placement Securities.
Additional Placement Securities. Simultaneously with the Option Closing, TradeUP Acquisition Sponsor LLC and Tradeup INC. shall purchase from the Company pursuant to the Subscription Agreement an additional number of Placement Units (up to a maximum of 12,000 Placement Units) pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.00 per Firm Unit and Option Unit sold to the public in the Offering is held in trust regardless of whether the Over-allotment Option is exercised in full or part (the “Additional Placement Units”), at a purchase price of $10.00 per Additional Placement Unit in a private placement (the “Additional Private Placement”). The Additional Placement Units and the securities underlying the Additional Placement Units are hereinafter referred to collectively as the “Additional Placement Securities.” There will be no placement agent in the Additional Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Additional Placement Securities.