Common use of Option Units Clause in Contracts

Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

Appears in 2 contracts

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

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Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 750,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 750,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and Stock, the Warrants included in the Units, the shares of Common Stock issuable upon exercise of the Warrants, the Rights included in the Units and the shares of Common Stock issuable upon exercise of underlying the Warrants Rights are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissions, including the Deferred Underwriting Commission described in Section 1.3 below) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.9.45

Appears in 2 contracts

Samples: Underwriting Agreement (I-Am CAPITAL ACQUISITION Co), Underwriting Agreement (I-Am CAPITAL ACQUISITION Co)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 930,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 930,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares Shares of Common Stock Stock, the Warrants and the Warrants Rights included in the Units and the shares Shares of Common Stock issuable upon exercise of the Warrants and the shares of Common Stock issuable upon conversion of the Rights are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissions) will be (i) $9.40 9.80 per Option Unit for the first 300,000 Option Units purchased and (with ii) $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5)10.00 per Option Unit thereafter. The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

Appears in 2 contracts

Samples: Underwriting Agreement (Mana Capital Acquisition Corp.), Underwriting Agreement (Mana Capital Acquisition Corp.)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 units 600,000 Units from the Company (the "Over-allotment Option"). Such additional 3,000,000 units 600,000 Units shall be identical in all respects to the Firm Units and are hereinafter referred to as "Option Units." The Firm Units and the Option Units are hereinafter collectively referred to as the "Units," and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the "Public Securities." The purchase price to be paid for each the Option Unit Units (net of discounts and commissionscommissions of $0.60, $0.20 of which shall be deposited in the Trust Fund pursuant to Section 1.5) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

Appears in 2 contracts

Samples: Underwriting Agreement (China Energy & Resources LTD), Underwriting Agreement (China Resources Ltd.)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 675,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 675,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissions) will be $9.40 7.44 per Option Unit (with of which $.375 0.24 of the underwriting discount being such discounts and commissions shall be deposited in the Trust Account Fund pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 8.00 per Option Unit.

Appears in 2 contracts

Samples: Underwriting Agreement (BBV Vietnam S.E.A. Acquisition Corp.), Underwriting Agreement (BBV Vietnam S.E.A. Acquisition Corp.)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 375,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 375,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units” and the Units, the shares of Common Stock Ordinary Shares and the Warrants included in the Units and the shares of Common Stock Ordinary Shares issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.40 18.60 per Option Unit (with $.375 1.00 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 20.00 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (Korea Milestone Acquisition CORP)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 units 6,750,000 Units from the Company (the “Over-allotment Option”). Such additional 3,000,000 units 6,750,000 Units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissionscommissions of $0.70, $0.35 of which shall be deposited into the Trust Account (as defined below) pursuant to Section 1.5) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 9.30 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 units 600,000 Units from the Company (the “Over-allotment Option”). Such additional 3,000,000 units 600,000 Units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissionscommissions of $0.60, $0.20 of which shall be deposited in the Trust Fund pursuant to Section 1.5) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (China Resources Ltd.)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 375,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 375,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissions) will be $9.40 9.60 per Option Unit (with $.375 .30 of the underwriting discount being which shall be deposited in the Trust Account Fund pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (Pinpoint Advance CORP)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 375,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 375,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissions) will be $9.40 9.30 per Option Unit (with of which $.375 .30 of the underwriting discount being such discounts and commissions shall be deposited in the Trust Account Fund pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (Pinpoint Advance CORP)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 units 675,000 Units from the Company (the “Over-allotment Option”). Such additional 3,000,000 units 675,000 Units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissionscommissions of $0.56, $0.30 of which shall be deposited in the Trust Fund pursuant to Section 1.5) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 7.44 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

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Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 900,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 900,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissions) will be $9.40 5.64 per Option Unit (with $.375 .12 of the underwriting discount being which shall be deposited in the Trust Account Fund pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 6.00 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 750,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 750,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units” and the Units, the shares of Common Stock Ordinary Shares and the Warrants included in the Units and the shares of Common Stock Ordinary Shares issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.40 18.60 per Option Unit (with $.375 0.90 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 20.00 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (Korea Milestone Acquisition CORP)

Option Units. For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 2,250,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 2,250,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (Seanergy Maritime Corp.)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 units 7,500,000 Units from the Company (the “Over-allotment Option”). Such additional 3,000,000 units 7,500,000 Units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissionscommissions of $0.70, $0.35 of which shall be deposited into the Trust Account (as defined below) pursuant to Section 1.5) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 9.30 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (United Refining Energy Corp)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 750,000 units from the Company (the “Over-allotment Option”). Such additional 3,000,000 750,000 units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units” and the Units, the shares of Common Stock Ordinary Shares and the Warrants included in the Units and the shares of Common Stock Ordinary Shares issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.40 18.60 per Option Unit (with $.375 0.80 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 20.00 per Option Unit.. _________ __, 2008

Appears in 1 contract

Samples: Underwriting Agreement (Korea Milestone Acquisition CORP)

Option Units. For the purposes purpose of covering any over-allotments in connection with the distribution and sale of the Firm Units, the Underwriters are hereby granted, severally and not jointly, an option to purchase up to an additional 3,000,000 units 675,000 Units from the Company (the “Over-allotment Option”). Such additional 3,000,000 units 675,000 Units shall be identical in all respects to the Firm Units and are hereinafter referred to as “Option Units.” The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,” and the Units, the shares of Common Stock and the Warrants included in the Units and the shares of Common Stock issuable upon exercise of the Warrants are hereinafter referred to collectively as the “Public Securities.” The purchase price to be paid for each the Option Unit Units (net of discounts and commissionscommissions of $.56, $.32 of which shall be deposited in the Trust Fund pursuant to Section 1.5) will be $9.40 per Option Unit (with $.375 of the underwriting discount being deposited in the Trust Account pursuant to Section 1.5). The Option Units are to be offered initially to the public at the offering price of $10.00 7.44 per Option Unit.

Appears in 1 contract

Samples: Underwriting Agreement (TransTech Services Partners Inc.)

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