Common use of Detachability of Public Warrants Clause in Contracts

Detachability of Public Warrants. The Public Warrants and Ordinary Shares comprising the Units will begin separate trading on the 45th day after the effective date of the Registration Statement hereof unless Broadband informs the Company of its decision to allow earlier trading, subject to the Company’s having filed the Current Report on Form 8-K and having issued a press release announcing when such separate trading will begin, but in no event will Broadband allow separate trading of the Public Warrants and Ordinary Shares comprising the Units until the Company files with the SEC a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the sale of the Insider Warrants and the Public Offering including the proceeds received by the Company from the exercise of the Underwriters’ Over-allotment Option, if the over-allotment option is exercised prior to the filing of the Form 8-K.

Appears in 3 contracts

Samples: Warrant Agreement (Hambrecht Asia Acquisition Corp.), Warrant Agreement (Hambrecht Asia Acquisition Corp.), Warrant Agreement (Hambrecht Asia Acquisition Corp.)

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Detachability of Public Warrants. The Public Warrants and Ordinary Shares comprising the Units will begin separate trading on the 45th day after the effective date of the Registration Statement hereof unless Broadband informs the Company of its decision to allow earlier trading, subject to the Company’s having filed the Current Report on Form 8-K and having issued a press release announcing when such separate trading will begin, but in no event will Broadband allow separate trading of the Public Warrants and Ordinary Shares comprising the Units until the Company files with the SEC a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the sale of the Insider Warrants and the Public Offering including the proceeds received by the Company from the exercise of the Underwriters’ Over-allotment Option, if the over-allotment option is exercised prior to the filing of the Form 8-K.

Appears in 2 contracts

Samples: Warrant Agreement (Hambrecht Asia Acquisition Corp.), Warrant Agreement (Hambrecht Asia Acquisition Corp.)

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