Initial Warrants. The Initial Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable (subject to certain limited exceptions) until one year after the Company completes a merger, capital stock exchange, asset acquisition or other similar business combination as more fully described in the Company’s Registration Statement (“Business Combination”), (ii) will be exercisable on a cashless basis and may not be called for redemption pursuant to Section 6 hereof, in each case so long as they are held by the Founders or their permitted transferees and (iii) may be exercised for unregistered shares if a registration statement relating to the common stock issuable upon exercise of the warrants is not effective and current.
Appears in 7 contracts
Samples: Warrant Agreement (Staccato Acquisition Corp.), Warrant Agreement (Symphony Acquisition Corp.), Warrant Agreement (Staccato Acquisition Corp.)
