Common use of Detachability of Public Warrants Clause in Contracts

Detachability of Public Warrants. The securities comprising the Units will begin to trade separately on the 10th day following the earlier to occur of: (i) the expiration of the Underwriter’s over-allotment option or (ii) its exercise in full (as described more fully in the Registration Statement) (the “Detachment Date”), provided that in no event will separate trading of the securities comprising the Units commence until (i) 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 Private 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 and, (ii) the Company issues a press release and files with the SEC a Current Report on Form 8-K announcing when such separate trading will begin.

Appears in 3 contracts

Samples: Warrant Agreement (United Refining Energy Corp), Warrant Agreement (United Refining Energy Corp), Warrant Agreement (United Refining Energy Corp)

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Detachability of Public Warrants. The Each of the securities comprising the Units will begin to trade separately on the 10th day following the earlier to occur of: (i) the expiration fifty-second (52nd) day after the effectiveness of the Underwriter’s over-allotment option Registration Statement, or (ii) its exercise in full such earlier date as Chardan Capital Markets LLC, as representative of the underwriters (as described more fully in the Registration Statement) “Representative”), shall determine is acceptable (such date, the “Detachment Date”), provided that in . In no event will separate trading of the securities comprising the Units commence until the Company (i) the Company files with the SEC a Current Report on Form 8-K, which includes an K with the SEC including audited balance sheet reflecting the our receipt by the Company of the gross proceeds of the sale of the Private Warrants and the Public Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Underwriters’ overPublic Offering (the “Over-allotment optionAllotment Option”), if the overOver-allotment option Allotment Option is exercised prior to the filing of the Form 8-K and, (ii) the Company issues a press release and files with the SEC a Current Report on Form 8-K and (ii) issues a press release announcing when such separate trading will begin.

Appears in 2 contracts

Samples: Warrant Agreement (Globis Acquisition Corp.), Warrant Agreement (Globis Acquisition Corp.)

Detachability of Public Warrants. The Each of the securities comprising the Units will begin to trade separately on the 10th day following the earlier to occur of: (i) the expiration fifty-second (52nd) day after the effectiveness of the Underwriter’s over-allotment option Registration Statement, or (ii) its exercise in full such earlier date as Chardan Capital Markets, LLC, as representative of the underwriters (as described more fully in the Registration Statement) “Representative”), shall determine is acceptable (such date, the “Detachment Date”), provided that in . In no event will separate trading of the securities comprising the Units commence until the Company (i) the Company files with the SEC a Current Report on Form 8-K, which includes an K with the SEC including audited balance sheet reflecting the our receipt by the Company of the gross proceeds of the sale of the Private Warrants and the Public Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Underwriters’ overPublic Offering (the “Over-allotment optionAllotment Option”), if the overOver-allotment option Allotment Option is exercised prior to the filing of the Form 8-K and, (ii) the Company issues a press release and files with the SEC a Current Report on Form 8-K and (ii) issues a press release announcing when such separate trading will begin.

Appears in 1 contract

Samples: Warrant Agreement (Globis Acquisition Corp.)

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Detachability of Public Warrants. The securities comprising the Units will begin to trade separately on the 10th day following the earlier to occur of: (i) the expiration of the Underwriter’s over-allotment option or (ii) its exercise in full (as described more fully in the Registration Statement) (the “Detachment Date”), provided that in no event will separate trading of the securities comprising the Units commence until (ix) 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 Private 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 and, (iiy) the Company issues a press release and files with the SEC a Current Report on Form 8-K announcing when such separate trading will begin.

Appears in 1 contract

Samples: Warrant Agreement (United Refining Energy Corp)

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