Common use of Additional Placement Units Clause in Contracts

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.

Appears in 2 contracts

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

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Additional Placement Units. Simultaneously with the Option Closing, Xxxx Xx the Sponsor shall purchase from the Company pursuant to the Subscription Agreements Private Placement Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 18,750 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 SharesCommon Stock, the Rights Warrants included in the Additional Placement Units (the “Additional Placement RightsWarrants”) and the Ordinary Shares Common Stock issuable upon 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 Offering 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 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, Xxxx Xx the Sponsor shall purchase from the Company pursuant to the Subscription Agreements Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 units in the aggregate31,500 units), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.00 10.15 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 Ordinary Shares, shares of Common Stock and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Shares shares of Common Stock issuable upon exercise 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 Placement Private Securities.

Appears in 2 contracts

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

Additional Placement Units. Simultaneously with the Option Closing, Xxxx Xx the Sponsor shall purchase from the Company pursuant to the Subscription Agreements Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 units in the aggregateunits), 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 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 Ordinary Shares, Shares and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Shares issuable upon exercise 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 SecuritiesUnits 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, Xxxx Xx certain of the Company’s shareholders shall purchase from the Company pursuant to the Subscription Agreements Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 units in the aggregate), 37,500 units) pro rata with the percentage amount of the Over-allotment Option exercised by the Representative, Representative so that at least $10.00 per Unit Class A Share 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, Class A Shares included in the Additional Placement Units and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Class A Shares issuable upon exercise of underlying the Additional Placement Rights are hereinafter referred to collectively as the “Additional Placement Securities.” There Each Additional Placement Unit shall be identical to the Units sold in the Offering. 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.

Appears in 1 contract

Samples: Underwriting Agreement (UTXO Acquisition Inc.)

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Additional Placement Units. Simultaneously with the Option Closing, Xxxx Xx the Sponsor shall purchase from the Company pursuant to the Subscription Agreements Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 units in the aggregate36,000 units), 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 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 Class A Ordinary Shares, Shares and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Class A Ordinary Shares issuable upon exercise conversion of the Additional Placement Rights are hereinafter referred to collectively as the “Additional Placement Securities.” There Each Additional Placement Unit shall be identical to the Units sold in the Offering. 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 Placement Private Securities.

Appears in 1 contract

Samples: Underwriting Agreement (ASPAC I Acquisition Corp.)

Additional Placement Units. Simultaneously with the Option Closing, Xxxx Xx the Sponsor shall purchase from the Company pursuant to the Subscription Agreements Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 units in the aggregate45,000 units), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.00 10.10 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 Ordinary Shares, shares of Common Stock and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Shares shares of Common Stock issuable upon exercise 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 SecuritiesUnits or the underlying securities.

Appears in 1 contract

Samples: Underwriting Agreement (Nocturne Acquisition Corp)

Additional Placement Units. Simultaneously with the Option Closing, Xxxx Xx the Sponsor shall purchase from the Company pursuant to the Subscription Agreements Agreement (as defined in Section 2.23.2 hereof) an additional number of units (up to a maximum of 30,000 units in the aggregate15,000 units), pro rata with the percentage of the Over-allotment Option exercised by the Representative, so that at least $10.00 10.10 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 Ordinary Shares, Shares and the Rights included in the Additional Placement Units (the “Additional Placement Rights”) and the Ordinary Shares issuable upon exercise 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 SecuritiesUnits or the underlying securities.

Appears in 1 contract

Samples: Underwriting Agreement (Nocturne Acquisition Corp)

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