Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second (52nd) day after the date hereof unless Lucid Capital Markets, LLC (“Lucid”) informs the Company of its decision to allow earlier separate trading (the “Detachment Date”), but in no event will separate trading of the securities comprising the Units begin until (i) the Company files 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 over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of ordinary shares and Rights comprising the Units held by such holder.
Appears in 4 contracts
Samples: Rights Agreement (YHN Acquisition I LTD), Rights Agreement (YHN Acquisition I LTD), Rights Agreement (YHN Acquisition I LTD)
Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second earlier to occur of: (52ndi) the 52nd day after following the date hereof unless Lucid Capital Marketsof the Prospectus or (ii) the announcement by the Representative, LLC (“Lucid”) informs as representative of the Company underwriters in the Public Offering, of its decision intention to allow separate earlier separate trading (the “Detachment Date”), but except that in no event will separate trading of the securities comprising the Units begin be separately tradeable until (i) the Company files a Current Report on Form 8-K with the SEC 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 over-allotment option, if the over-allotment option is exercised on by the date hereof, thereof and (ii) the Company issues a press release and files a Current Report on Form 8-K with the SEC announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of ordinary shares Common Stock and Rights comprising the Units held by such holder.
Appears in 4 contracts
Samples: Rights Agreement (Global Blockchain Acquisition Corp.), Rights Agreement (Global Blockchain Acquisition Corp.), Rights Agreement (NorthView Acquisition Corp)
Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second earlier to occur of: (52ndi) the 52nd day after following the date hereof unless Lucid Capital Marketsof the Prospectus or (ii) the announcement by the Representative, LLC (“Lucid”) informs as representative of the Company underwriters in the Public Offering, of its decision intention to allow separate earlier separate trading (the “Detachment Date”), but except that in no event will separate trading of the securities comprising the Units begin be separately tradeable until (i) the Company files a Current Report on Form 8-K with the SEC 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 over-allotment option, if the over-allotment option is exercised on by the date hereof, thereof and (ii) the Company issues a press release and files a Current Report on Form 8-K with the SEC announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of ordinary shares of Common Stock, Warrants and Rights comprising the Units held by such holder.
Appears in 3 contracts
Samples: Rights Agreement (Bannix Acquisition Corp.), Rights Agreement (Breeze Holdings Acquisition Corp.), Rights Agreement (Breeze Holdings Acquisition Corp.)
Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second earlier to occur of: (52ndi) the 52nd day after following the date hereof unless Lucid Capital Marketsof the Prospectus or (ii) the announcement by the Representative, LLC (“Lucid”) informs as representative of the Company underwriters in the Public Offering, of its decision intention to allow separate earlier separate trading (the “Detachment Date”), but except that in no event will separate trading of the securities comprising the Units begin be separately tradeable until (i) the Company files a Current Report on Form 8-K with the SEC 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 over-allotment option, if the over-allotment option is exercised on by the date hereof, thereof and (ii) the Company issues a press release and files a Current Report on Form 8-K with the SEC announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of ordinary shares of Class A Ordinary Shares, warrants and Rights comprising the Units held by such holder.
Appears in 3 contracts
Samples: Rights Agreement (Edoc Acquisition Corp.), Rights Agreement (Edoc Acquisition Corp.), Rights Agreement (Edoc Acquisition Corp.)
Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second (52nd) day after the date hereof unless Lucid Capital MarketsXX Xxxxxx, division of Benchmark Investments, LLC (“LucidXX Xxxxxx”) informs the Company of its decision to allow earlier separate trading (the “Detachment Date”), but in no event will separate trading of the securities comprising the Units begin until (i) the Company files 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 over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of ordinary shares of Common Stock, Warrants and Rights comprising the Units held by such holder.
Appears in 2 contracts
Samples: Rights Agreement (Inception Growth Acquisition LTD), Rights Agreement (Inception Growth Acquisition LTD)
Detachability of Rights. The securities shares of Common Stock, Warrants and Rights comprising the Units, including Units shall begin separate trading following the Rights, will not be separately transferable until earlier to occur of: (i) the fifty-second (52nd) 52nd day after following the date hereof unless Lucid Capital Markets, LLC of the Prospectus or (“Lucid”ii) informs the Company announcement by the Representative of its decision intention to allow separate earlier separate trading (the “Detachment Date”)) , but in no event will separate trading shall the shares of Common Stock, the securities Warrants and Rights comprising the Units begin be separately traded until (i) the Company files has filed a Current Report on Form 8-K which includes with the Commission containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering Offering, including the proceeds then received by the Company from the exercise by the Underwriters of their right to purchase additional Units in the overOffering (the “Over-allotment optionAllotment Option”), if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall beginapplicable. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of ordinary shares of Common Stock and Rights comprising the Units held by such holder.
Appears in 1 contract
Samples: Form of Rights Agreement (Silver Sustainable Solutions Corp.)