Manner of Exercise; Payment in Cash. This Warrant may be exercised by the Holder, in whole or in part: (a) commencing 90 days following the closing of the Company’s first business combination (the “Initial Business Combination”) if, and only if, the last sales price of the Company’s common stock exceeds $11.00 per share for any 20 trading days within a 30 trading day period beginning after such initial business combination; and (b) by surrendering this Warrant, with the purchase form appended hereto as Exhibit A duly executed by the Holder, at the principal office of the Company, or at such other place as the Company may designate, accompanied by payment in full of the Purchase Price payable in respect of the number of shares of Warrant Stock purchased upon such exercise. Payment of the Purchase Price shall be in cash or by certified or official bank check payable to the order of the Company.
Appears in 7 contracts
Samples: Warrant Agreement (Oceanaut, Inc.), Warrant Agreement (Oceanaut, Inc.), Warrant Agreement (Oceanaut, Inc.)
