Additional Placement Units. Simultaneously with the Option Closing, Oriental shall purchase from the Company pursuant to the Subscription Agreements (as defined in Section 2.24.2 hereof) an additional number of units (up to a maximum of 22,500 units in the aggregate), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.00 per 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, the Ordinary Shares, the Rights included in the Additional Placement Units (the “Additional Placement Rights”), the Warrants included in the Additional Placement Units (the “Additional Placement Warrants”) and the Ordinary Shares issuable upon conversion of the Additional Placement Rights and exercise of the Additional Placement Warrants are hereinafter referred to collectively as the “Additional Placement Securities.” Each Additional Placement Unit shall be identical to the Units sold in the Offering except that the Additional Placement Warrants shall be non-redeemable by the Company and may be exercised for cash or on a cashless basis, as described in the Prospectus, in each case so long as the Additional Placement Warrants continue to be held by the initial purchasers of the Additional Placement Warrants or their permitted transferees (as described in the Subscription Agreement and the Warrant Agreement (as defined in Section 2.22 hereof)). 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 Units. 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 an additional number of Placement Units (up to a maximum of 44,625 additional Placement Units) (the “Additional Placement Units”), at a purchase price of $10.00 per Additional Placement Unit. 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 Units.
Additional Placement Units. Simultaneously with the Option Closing, Xxxx Xx shall purchase from the Company pursuant to the Subscription Agreements (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 units in the aggregate), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.00 per 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, the Ordinary Shares, the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Shares issuable upon exercise of the Additional Placement Rights 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.
Additional Placement Units. Simultaneously with the Option Closing, Sponsor and Chardan shall purchase from the Company pursuant to the Subscription Agreements (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 15,000 units in the aggregate, of which 3,750 units will be purchased by Sponsor and up to 11,250 units will be purchased by Chardan), so that at least $10.00 per 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, the shares of Common Stock and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock issuable upon conversion of the Additional Placement Rights are hereinafter referred to collectively as the “Additional Placement Securities.” Each Additional Placement Unit shall be identical to the Units sold in the Offering. 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 Private Securities. Pursuant to Rule 5110(g)(1) of FINRA’s Rules, the Additional Placement Units are subject to a lock-up for a period of one hundred eighty (180) days immediately following the Effective Date of the Registration Statement or the commencement of sales in the offering, and, for a one year period (including the foregoing one hundred eighty (180) day period) following the Effective Date, may not be sold, transferred, assigned, pledged or hypothecated, or be subject of any hedging, short sale, derivative or put or call transaction that would result in the economic disposition of the securities.
Additional Placement Units. Simultaneously with the Option Closing, the Sponsor shall purchase from the Company pursuant to the Subscription Agreements (as defined in Section 2.23.2 hereof) an additional 22,500 units, so that at least $10.00 per 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, the Ordinary Shares and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Shares issuable upon conversion of the Additional Placement Rights are hereinafter referred to collectively as the “Additional Placement Securities.” Each Additional Placement Unit shall be identical to the Units sold in the Offering. 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 Private Securities.
Additional Placement Units. Simultaneously with the Option Closing, the Sponsor shall purchase from the Company pursuant to the Subscription Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 343,500 Units) (the “Additional Placement Units”), at a purchase price of $10.00 per Additional Placement Unit in a private placement (the “Additional Private Placement”). Each Additional Placement Unit shall be identical to the Units sold in the Offering except as disclosed in the Prospectus. Except as disclosed in registration statement, 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 Private Securities.
Additional Placement Units. Simultaneously with the Closing of the Over-allotment Option, the Sponsor and Maxim shall purchase from the Company pursuant to the Unit Purchase Agreements an additional number of Placement Units (up to a maximum of 31,875 Placement Units in the aggregate), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.20 per 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”). 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 Placement Securities.
Additional Placement Units. Immediately prior to the Option Closing, (i) the Sponsor shall purchase from the Company up to an additional 18,000 Placement Units pro rata with the amount of the Over-allotment Option exercised by the Representative (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, including the underlying securities, and the Class A Ordinary Shares issuable upon conversion of the Placement Rights included in the Additional Placement Units are hereinafter referred to collectively as the “Additional Placement Securities.” Except as disclosed in the Registration Statement, 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 Units. Simultaneously with the Option Closing, the Sponsor shall purchase from the Company pursuant to the Subscription Agreement up to an additional 45,000 Placement Units, pro rata with the amount of the Over-allotment Option exercised by the Representative, at a purchase price of $10.00 per Placement Unit in a private placement (the “Additional Private Placement”). The Placement Units, the Class A Ordinary Shares included in the Placement Units (the “Placement Shares”), the Warrants underlying the Placement Units (the “Placement Warrants”), and the Class A Ordinary Shares issuable upon exercise of the Placement Warrants, are hereinafter referred to collectively as the “Placement Securities.” No underwriting discounts, commissions, or placement fees have been or will be payable in connection with the Placement Securities sold in the Private Placement. The Public Securities and the Placement Securities are hereinafter referred to collectively as the “Securities.”
Additional Placement Units. Simultaneously with the Closing of the Over-allotment Option, certain officers and directors of the Company and their designees, or entities wholly owned by them shall purchase from the Company pursuant to the Unit Purchase Agreement an additional number of Placement Units (up to a maximum of 24,375 Placement Units in the aggregate), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.10 per 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”). 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 Placement Securities.
