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, provided that in no event may the separate trading of the securities comprising the Units occur 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 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 (the "BALANCE SHEET 8-K"). The securities comprising the Units may begin to trade separately earlier than on the 90th trading date after the effective date of the Registration Statement if Maxim Group LLC, informs the Company of its decision to allow earlier separate trading, provided that in no event may the earlier separate trading of the securities comprising the Units occur until the Company files with the SEC the Balance Sheet 8-K and 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 (Alpha Security Group CORP), Warrant Agreement (Alpha Security Group CORP), Warrant Agreement (Alpha Security Group CORP)

AutoNDA by SimpleDocs

Detachability of Public Warrants. The securities Public Warrants and Common Stock comprising the Units will begin to trade separately on the 90th trading 10th business day after following the effective date earlier to occur of: (i) the expiration of the Registration StatementUnderwriters’ Over-allotment Option or (ii) its exercise in full; provided, provided however, that in no event may the separate trading of the securities comprising the Units occur begin until the Company files with the SEC a Current Report on Form 86-KK (the “Balance Sheet 6\-K”), which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering, Offering including the proceeds received by the Company from the exercise of the Underwriters' over’ Over-allotment optionOption, if the over-allotment option is exercised prior to the filing of the Form 8-K (the "BALANCE SHEET 8-K"). K. The securities comprising the Units may begin to trade separately trading earlier than on the 90th trading date after the effective date of the Registration Statement as indicated above if Maxim Group LLC, informs the Company of its decision to allow earlier separate trading; provided, provided that however, in no event may the Maxim permit earlier separate trading of the securities comprising the Units occur until the Company files with the SEC the Balance Sheet 8-K and the Company issues a press release and files such press release with the SEC a Current Report on Form 8-K announcing when such separate trading will begin.

Appears in 2 contracts

Samples: Warrant Agreement (Seanergy Maritime Corp.), Warrant Agreement (Seanergy Maritime Corp.)

AutoNDA by SimpleDocs

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, provided that in no event may the separate trading of the securities comprising the Units occur 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 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 (the "BALANCE SHEET 8-K"). The securities comprising the Units may begin to trade separately earlier than on the 90th trading date after the effective date of the Registration Statement if Maxim Group LLC, informs inform the Company of its decision to allow earlier separate trading, provided that in no event may the earlier separate trading of the securities comprising the Units occur until the Company files with the SEC the Balance Sheet 8-K and 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 (Alpha Security Group CORP)

Time is Money Join Law Insider Premium to draft better contracts faster.