Common use of Additional Placement Units Clause in Contracts

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 31,500 units), so that at least $10.15 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.

Appears in 2 contracts

Samples: Underwriting Agreement (Hudson Acquisition I Corp.), Underwriting Agreement (Hudson Acquisition I Corp.)

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Additional Placement Units. Simultaneously with the Option Closing, the Sponsor Xxxx Xx shall purchase from the Company pursuant to the Subscription Agreement Agreements (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 31,500 units30,000 units in the aggregate), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.15 10.00 per Unit sold to the public in the Offering is held in trust regardless of whether the Overover-allotment Option 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 Ordinary Shares, the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock Ordinary Shares issuable upon conversion exercise 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 Placement Securities.

Appears in 2 contracts

Samples: Underwriting Agreement (Alberton Acquisition Corp), Underwriting Agreement (Alberton Acquisition Corp)

Additional Placement Units. Simultaneously with the Option Closing, the Sponsor shall purchase from the Company pursuant to the Subscription Private Placement Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 31,500 units18,750 units in the aggregate), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.15 10.00 per Unit sold to the public in the Offering is held in trust regardless of whether the Overover-allotment Option 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 Stock, the Rights Warrants included in the Additional Placement Units (the “Additional Placement RightsWarrants”) and the shares of Common Stock issuable upon conversion exercise of the Additional Placement Rights Warrants are hereinafter referred to collectively as the “Additional Placement Securities.” Each Additional Placement Unit shall be identical to the Units sold in the OfferingOffering except as described in the Prospectus. 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 Placement Securities.

Appears in 2 contracts

Samples: Underwriting Agreement (Abri SPAC I, Inc.), Underwriting Agreement (Abri SPAC I, Inc.)

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 31,500 36,000 units), so that at least $10.15 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 Class A Ordinary Shares and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock Class A 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 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.

Appears in 1 contract

Samples: Underwriting Agreement (ASPAC I Acquisition Corp.)

Additional Placement Units. Simultaneously with Immediately prior to the Option Closing, the Sponsor Viveon Health LLC shall purchase from the Company pursuant to the Subscription Agreement (as defined in Section 2.23.2 2.24.2 hereof) an additional number of units warrants (up to a maximum of 31,500 units), 1,530,000 warrants) pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.15 10.10 per Unit share sold to the public in the Offering is held in trust regardless of whether the Overover-allotment Option option is exercised in full or part (the “Additional Placement UnitsWarrants”), at a purchase price of $10.00 0.50 per Additional Placement Unit Warrant in a private placement (the “Additional Private Placement”). The Additional Placement Units, Warrant and the shares of Common Stock and the Rights included in underlying the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock issuable upon conversion of the Additional Placement Rights Warrants are hereinafter referred to collectively as the “Additional Placement Securities.” Each Additional Placement Unit Warrant shall be identical to the Units sold in the OfferingOffering except that the Additional Placement Warrants will be non-redeemable and may be exercised on a cashless basis, in each case so long as they continue to be held by the initial purchasers or their permitted transferees (as described in the Subscription Agreement (as defined in Section 2.24 hereof)). There 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 Private Placement Securities.

Appears in 1 contract

Samples: Underwriting Agreement (Viveon Health Acquisition Corp.)

Additional Placement Units. Simultaneously with the Option Closing, the Sponsor I-Bankers shall purchase from the Company pursuant to the Subscription Agreement (as defined in Section 2.23.2 hereof) an additional number of units Placement Units (up to a maximum of 31,500 units), 26,250 additional Placement Units) pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.15 10.00 per Unit Ordinary Share sold to the public in the Offering is held in trust the Trust Account regardless of whether the Overover-allotment Option 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 Units and the Rights included in securities underlying 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 The Additional Placement Unit Units shall be identical to the Units sold in the OfferingPlacement 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 Private Placement Securities.

Appears in 1 contract

Samples: Underwriting Agreement (East Stone Acquisition Corp)

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 31,500 45,000 units), so that at least $10.15 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”). 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. The Representative shall not have any right to receive Additional Placement Units or the underlying securities.

Appears in 1 contract

Samples: Underwriting Agreement (Nocturne Acquisition Corp)

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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 31,500 30,000 units), so that at least $10.15 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 Ordinary Shares and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock 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. The Representative shall not have any right to receive Additional Placement Units or the underlying securities.

Appears in 1 contract

Samples: Underwriting Agreement (Nocturne Acquisition Corp)

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 31,500 15,000 units), so that at least $10.15 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”). The Additional Placement Units, the shares of Common Stock Ordinary Shares and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock 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. The Representative shall not have any right to receive Additional Placement Units or the underlying securities.

Appears in 1 contract

Samples: Underwriting Agreement (Nocturne Acquisition Corp)

Additional Placement Units. Simultaneously with Immediately prior to the Option Closing, certain of the Sponsor Company’s shareholders 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 31,500 37,500 units), ) pro rata with the amount of the Over-allotment Option exercised by the Representative so that at least $10.15 10.00 per Unit Class A Share sold to the public in the Offering is held in trust regardless of whether the Overover-allotment Option 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 Class A Shares included in the Additional Placement Units and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the shares of Common Stock issuable upon conversion of Class A Shares underlying 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 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 Private Placement Securities.

Appears in 1 contract

Samples: Underwriting Agreement (UTXO Acquisition Inc.)

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