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 90th trading day after the effective date of the Registration Statement unless Pali informs the Company of its decision to allow earlier trading (the “Detachment Date”), provided that in no event will Pali allow the separate trading of the securities comprising the Units 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, (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, and (iii) the date on which separate trading begins is a business day following the earlier to occur of the exercise of the Underwriters’ over-allotment option or its exercise in full (as described more fully in the Registration Statement).

Appears in 3 contracts

Samples: Warrant Agreement (FMG Acquisition Corp), Warrant Agreement (FMG Acquisition Corp), Warrant Agreement (FMG Acquisition Corp)

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Detachability of Public Warrants. The securities comprising the Units will begin to trade separately on the 90th trading day after the effective date of the Registration Statement unless Pali Mxxxxx Xxxxxx informs the Company of its decision to allow earlier trading (the “Detachment Date”), provided that in no event will Pali wxxx Xxxxxx Jxxxxx allow the separate trading of the securities comprising the Units 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 on the filing date of the Form 8-Keffective date of the Registration Statement, (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, and (iii) the date on which separate trading begins is a business day following the earlier to occur of the exercise of the Underwriters’ over-allotment option or its exercise in full (as described more fully in the Registration Statement).

Appears in 2 contracts

Samples: Warrant Agreement (Camden Learning CORP), Warrant Agreement (Camden Learning CORP)

Detachability of Public Warrants. The securities comprising the Units will begin to trade separately on the 90th trading day after the effective date of the Registration Statement unless Pali Xxxxxx Xxxxxx informs the Company of its decision to allow earlier trading (the “Detachment Date”), provided that in no event will Pali xxxx Xxxxxx Xxxxxx allow the separate trading of the securities comprising the Units 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 on the filing date of the Form 8-Keffective date of the Registration Statement, (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, and (iii) the date on which separate trading begins is a business day following the earlier to occur of the exercise of the Underwriters’ over-allotment option or its exercise in full (as described more fully in the Registration Statement).

Appears in 1 contract

Samples: Warrant Agreement (Camden Learning CORP)

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Detachability of Public Warrants. The securities comprising the Units will begin to trade separately on the 90th trading day after the effective date of the Registration Statement unless Pali Xxxxxx, Xxxxx Xxxxx informs the Company of its decision to allow earlier trading (the "Detachment Date"), provided that in no event will Pali Xxxxxx, Xxxxx Xxxxx allow the separate trading of the securities comprising the Units 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 on the filing date of the Form 8-Keffective date of the Registration Statement, (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, and (iii) the date on which separate trading begins is a business day following the earlier to occur of the exercise of the Underwriters' over-allotment option or its exercise in full (as described more fully in the Registration Statement).

Appears in 1 contract

Samples: Warrant Agreement (Education Media, Inc.)

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