Common use of Detachability of Rights Clause in Contracts

Detachability of Rights. Each of the securities comprising the Units will begin to trade separately on (i) the 30th day after the effectiveness of the Registration Statement, or (ii) such earlier date as Chardan Capital Markets, LLC, as representative of the underwriters, shall determine is acceptable (such date, the “Detachment Date”). In no event will separate trading of the securities comprising the Units commence until the Company (i) files a Current Report on Form 8-K with the SEC including audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Public Offering and (ii) issues a press release announcing when such separate trading will begin.

Appears in 5 contracts

Samples: Rights Agreement (Globalink Investment Inc.), Rights Agreement (Globalink Investment Inc.), Rights Agreement (International Media Acquisition Corp.)

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Detachability of Rights. Each of the The securities comprising the Units Units, including the Rights, will begin not be separately transferable until the earlier to trade separately on occur of: (i) the 30th 52nd day after following the effectiveness date of the Registration Statement, Prospectus or (ii) such earlier date as Chardan Capital Marketsthe announcement by Maxim Group, LLC, as representative of the underwritersunderwriters in the Public Offering, shall determine is acceptable (such dateof its intention to allow separate earlier trading, the “Detachment Date”). In except that in no event will separate trading of the securities comprising the Units commence be separately tradeable until the Company (i) files a Current Report on Form 8-K with the SEC including which includes an audited balance sheet reflecting the Company’s receipt by the Company of the gross proceeds of the Public Offering 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 will shall begin.

Appears in 4 contracts

Samples: Rights Agreement (ClimateRock), Rights Agreement (ClimateRock), Rights Agreement (AIB Acquisition Corp)

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Detachability of Rights. Each of the securities comprising the Units will begin to trade separately on (i) the 30th 90th day after the effectiveness of the Registration Statement, or (ii) such earlier date as Chardan Capital Markets, LLC, as representative of the underwriters, shall determine is acceptable (such date, the “Detachment Date”). In no event will separate trading of the securities comprising the Units commence until the Company (i) files a Current Report on Form 8-K with the SEC including audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Public Offering and (ii) issues a press release announcing when such separate trading will begin.

Appears in 2 contracts

Samples: Rights Agreement (Arisz Acquisition Corp.), Rights Agreement (Arisz Acquisition Corp.)

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