Common use of per Firm Unit Clause in Contracts

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 4 contracts

Samples: Underwriting Agreement (Golden Path Acquisition Corp), Underwriting Agreement (Golden Path Acquisition Corp), Underwriting Agreement (Venus Acquisition Corp)

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per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Common Stock, par value $0.001 per share, of the Company (“Ordinary ShareCommon Stock), ) and one-half (1/2) of one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half one (1/21) share of one Ordinary Share Common Stock at a an exercise price of $11.50 per full share during the period commencing on the later of (a) completion the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below) prior to the day on which notice is given given, and provided that there is a current registration statement in effect with respect to the shares of Common Stock underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 4 contracts

Samples: Underwriting Agreement (TradeUP Acquisition Corp.), Underwriting Agreement (TradeUP Acquisition Corp.), Underwriting Agreement (TradeUP Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share share, par value $0.0001 per share, of the Company (an “Ordinary Share”), ) and one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s Representatives’ decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half one (1/21) of one Ordinary Share at a an exercise price of $11.50 per full share during the period commencing on the later of (a) completion thirty (30) days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price prices of the Ordinary Shares has have been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below) prior to the day on which notice is given given, and provided that there is a current registration statement in effect with respect to the Ordinary Shares underlying such Warrants during the period commencing on the first (“Force-Call Redemption”)1st) Business Day on which the minimum sales price is achieved until the completion of the thirty (30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 4 contracts

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

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share share, par value $0.0001 per share, of the Company (“Class A Ordinary Share”), ) and one-half of one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) of one Class A Ordinary Share. The Class A Ordinary Shares, the Rights Share and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one (1) Class A Ordinary Share at a an exercise price of $11.50 per full share during the period commencing on the later of (a) completion thirty (30) days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Class A Ordinary Shares has have been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below) prior to the day on which notice is given given, and provided that there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 4 contracts

Samples: Warrant Agreement (TradeUP 88 Corp.), Warrant Agreement (TradeUP Global Corp), Warrant Agreement (TradeUP Global Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit (or Option Unit, as applicable). Each Firm Unit (and Option Unit) consists of one (1) ordinary share of common stock of the Company Company, par value $0.0001 per share (“Ordinary Share”), one (1) right (the “Right(s)Common Stock”) and one right to receive one-tenth fifth of one Ordinary Share a share of Common Stock upon the consummation of a Business Combination (as defined below) and one redeemable warrant an initial business combination (the “Warrant(s)Right”), each Warrant entitling . Each five Rights entitle the holder thereof to purchase one-half (1/2) receive one share of one Ordinary Sharecommon stock at the closing of a business combination; provided, however, the Company will not sell or issue fractional shares. The Ordinary Shares, the Common Stock and Rights and the Warrants included in the Firm Units (and the Option Units) will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) by the Commission (as defined below) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrantsand any investments or other financing concurrently with, with the prior consent of the Representativeor otherwise in connection with, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”)such business combination. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or any other day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial national banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee”, or any other similar orders or restrictions or of the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 4 contracts

Samples: Underwriting Agreement (Aquaron Acquisition Corp.), Aquaron Acquisition Corp., Aquaron Acquisition Corp.

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (“Ordinary ShareClass A Common Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (Industrial Tech Acquisitions, Inc.), Underwriting Agreement (Industrial Tech Acquisitions, Inc.), Underwriting Agreement (Industrial Tech Acquisitions, Inc.)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”)Company, one (1) right par value $0.0001 per share (the “Right(s)Ordinary Shares) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrants), each Warrant entitling ) and one right (the holder thereof “Rights”) to purchase receive one-half eighth (1/21/8) of one Ordinary Shareordinary share upon closing of the Company’s initial Business Combination (as defined below). The Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units will not be trade separately transferable until on the earlier of the 52nd fifty-second (52nd) day after following the date that hereof unless the Registration Statement Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the Ordinary Shares, Warrants and Rights included in the Firm Units trade separately until (as defined belowi) becomes effective the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Unit Private Placement (as defined in Section 1.5.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will Each whole Warrant entitles its holder to purchase one Ordinary Share for $11.50 per share, subject to adjustment, commencing thirty (30) days after the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt consummation by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below)merger, or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, asset acquisition, share reconstruction and amalgamation withpurchase, purchasing all recapitalization, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the consummation by the Company. The Company has the right to redeem the Warrantsof its initial Business Combination, with the prior consent of the Representative, or earlier upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price redemption of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on or liquidation of the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayCompany.

Appears in 3 contracts

Samples: Underwriting Agreement (Embrace Change Acquisition Corp.), Underwriting Agreement (Embrace Change Acquisition Corp.), Underwriting Agreement (Embrace Change Acquisition Corp.)

per Firm Unit. The Firm Units are to be offered initially to the public (“Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share share, no par value, of the Company (“Ordinary ShareShares”), and one (1) right warrant to purchase one Ordinary Share (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will trade separately on the tenth business day following the earlier to occur of the expiration of the Over-allotment Option (as defined in Section 1.2.1 hereof), which is 45 days from the date of the Prospectus (as defined in Section 2.1.1 hereof), its exercise in full or the announcement by the Underwriters of their intention not be to exercise all or any remaining portion of the Over-allotment Option, but in no event will the Ordinary Shares and the Warrants included in the Firm Units trade separately transferable until the earlier of the 52nd day after the date that the Registration Statement Business Day (as defined below) becomes effective after (i) the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company a Report of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report Foreign Private Issuer on Form 86-K (“Form 8-K”) with the Commission (as defined below) containing which includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Warrant Private Placement (as defined in Section 1.3), including any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 6-K, and (ii) the Company has filed with the Commission a Report of Foreign Private Issuer on Form 6-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-half (1/2) of one Ordinary Share at a price of for $11.50 per full share 10.00 during the period commencing on the later of (a) completion 30 days after the consummation by the Company of a its Business Combination (as defined below), ) or (b) twelve (12) months one year from the date of Closing Date; provided, in each case, that an effective registration statement under the consummation of Act (as defined in Section 1.3.1 hereof) covering the OfferingOrdinary Shares underlying the Warrants and a current prospectus in respect thereof are available. The Warrants will expire at 5:00 p.m., and terminating New York City time, on the five (5) five-year anniversary of the closing consummation by the Company of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a its initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by the Company’s initial acquisition, share exchange, share reconstruction and or amalgamation or contractual arrangement with, purchasing or purchase of, all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayassets.

Appears in 3 contracts

Samples: Underwriting Agreement (BGS Acquisition Corp.), Underwriting Agreement (BGS Acquisition Corp.), Underwriting Agreement (BGS Acquisition Corp.)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.000001 per share (the Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth and three quarters of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrants”), each Warrant entitling the holder thereof . Each whole warrant is exercisable to purchase one-half (1/2) one share of one Ordinary Shareour Class A common stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective will trade separately on the fifty-second (52nd) day following the date hereof unless the Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the Common Stock and Warrants included in the Units trade separately until (i) the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement (as defined in Section 1.4.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period share, subject to adjustment, commencing on the later of (ai) completion twelve months from the effective date (the “Effective Date”) of a Business Combination the Registration Statement (as defined below)in Section 2.1.1) or (ii) the consummation by the Company of a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the consummation by the Company. The Company has the right to redeem the Warrantsof its initial Business Combination, with the prior consent or earlier upon redemption of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price Common Stock or liquidation of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayCompany.

Appears in 3 contracts

Samples: Underwriting Agreement (Pono Capital Corp), Underwriting Agreement (Pono Capital Corp), Underwriting Agreement (Pono Capital Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) Class A ordinary share of the Company Company, with no par value (each, a Class A Ordinary Share”), one (1ii) right (the “Right(s)”) to receive one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one Class A Ordinary Share, and (iii) one right (“Right(s)”) with each Right entitling the holder thereof to receive one-half tenth (1/21/10) of one Class A Ordinary ShareShare upon consummation of the initial Business Combination (defined below). The Class A Ordinary Shares, the Warrants, and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) of one Class A Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Class A Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given given; provided that there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (Model Performance Acquisition Corp), Underwriting Agreement (Model Performance Acquisition Corp), Underwriting Agreement (Model Performance Acquisition Corp)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company common stock of the Company, par value $0.0001 per share (the Ordinary ShareCommon Stock”), one redeemable warrant (1) the “Warrants”), and one right (the “Right(s)Rights”) to receive one-tenth eighth (1/8) of one Ordinary Share a share of Common Stock upon the consummation of a the Company’s initial Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary SharesCommon Stock, the Warrants and Rights and the Warrants included in the Firm Units will not be trade separately transferable until on the earlier of the 52nd 90th day after following the date that hereof unless the Registration Statement Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the shares of Common Stock, Warrants and Rights included in the Firm Units trade separately until (as defined belowi) becomes effective the Company has filed with the U.S. Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Unit Private Placement (as defined in Section 1.4.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period share, subject to adjustment, commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of Closing Date (defined below) or 30 days after the consummation of by the Offering, and terminating on the five (5) year anniversary of the closing Company of a Business Combinationmerger, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all or substantially all of the assets ofstock purchase, entering into contractual arrangements withrecapitalization, reorganization, or engaging in any other similar business combination with one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the consummation by the Company. The Company has the right to redeem the Warrantsof its initial Business Combination, with the prior consent or earlier upon redemption of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price Common Stock or liquidation of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayCompany.

Appears in 3 contracts

Samples: Underwriting Agreement (EF Hutton Acquisition Corp I), Underwriting Agreement (EF Hutton Acquisition Corp I), Underwriting Agreement (EF Hutton Acquisition Corp I)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, no par value (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) of one Ordinary Share(1) ordinary share, and one (1) right (“Right(s)”) to acquire one-tenth (1/10) of an ordinary share upon the consummation of the initial Business Combination (as defined below). The Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one (1) Ordinary Share at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (8i Acquisition 2 Corp.), Underwriting Agreement (8i Acquisition 2 Corp.), Underwriting Agreement (8i Acquisition 2 Corp.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, par value $0.0001 per share, of the Company (“Ordinary Share”), one (1) right (the “Right(s)Common Stock”) to receive one-tenth and one half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin; provided that no fractional Warrants will be issued upon separation of the Firm Units and only whole Warrants will trade or be exercisable. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 3 contracts

Samples: Underwriting Agreement (Big Cypress Acquisition Corp.), Underwriting Agreement (Big Cypress Acquisition Corp.), Underwriting Agreement (Brookline Capital Acquisition Corp.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-one half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Rights, and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-one half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingProspectus (as defined below), and terminating on the five fifth (55th) year anniversary of the closing of a Business Combination, and each ten Rights entitle Effective Date. Each Right entitles the holder to receive one-tenth (1/10) of one (1) Ordinary Share upon the closing of a Business CombinationCombination (as defined below). As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (8i Enterprises Acquisition Corp.), Underwriting Agreement (8i Enterprises Acquisition Corp.), Underwriting Agreement (8i Enterprises Acquisition Corp.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, $0.0001 par value per share (“Ordinary ShareShare(s)”), one half (1/2) of one redeemable warrant (“Warrant(s)”) and one (1) right (the “Right(s)”) to receive acquire one-tenth (1/10) of one an Ordinary Share upon the consummation of a the initial Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd business day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date share. No fractional warrants will be issued upon separation of the consummation of the Offering, units and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combinationonly whole warrants will trade. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than a minimum of thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (Kairous Acquisition Corp. LTD), Underwriting Agreement (Kairous Acquisition Corp. LTD), Underwriting Agreement (Kairous Acquisition Corp. LTD)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of the Company Company, $0.0001 par value per share (each, a “Ordinary Share”), ) and (ii) one (1) right (the “Right(s)”) with each Right entitling the holder thereof to receive onetwo-tenth tenths (2/10) of one Ordinary Share upon the consummation of a the initial Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Shares and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles Except in cases where the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during Company is not the period commencing on the later of (a) completion of surviving company in a Business Combination (as defined below), or each holder of a Right will automatically receive two-tenths (b2/10) twelve (12) months from the date of the one Ordinary Share upon consummation of the OfferingCompany’s initial Business Combination (as defined below). The Company will not issue fractional shares in connection with an exchange of Rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman law. In the event the Company will not be the surviving company upon completion of its initial Business Combination (as defined below), and terminating on each holder of a Right will be required to affirmatively convert his, her or its rights in order to receive the five two-tenths (52/10) year anniversary of one Ordinary Share underlying each right upon consummation of the closing Business Combination (as defined below). If the Company is unable to complete an initial Business Combination (as defined below) within the required time period and the Company redeems the public shares for the funds held in the trust account, holders of a Business Combination, Rights will not receive any of such funds for their rights and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combinationrights will expire worthless. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (Mars Acquisition Corp.), Underwriting Agreement (TenX Keane Acquisition), Underwriting Agreement (TenX Keane Acquisition)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (“Ordinary ShareClass A Common Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant ) entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (OceanTech Acquisitions I Corp.), Underwriting Agreement (OceanTech Acquisitions I Corp.), Underwriting Agreement (OceanTech Acquisitions I Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share of the Company Company, par value $0.001 (“Ordinary Share”) and one-half of one redeemable warrant (“Warrant(s)”) with each whole Warrant entitling the holder thereof to purchase one Ordinary Share, and one (1) right (the “Right(s)”) to receive acquire one-tenth of one an Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares, only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by merger, share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 3 contracts

Samples: Underwriting Agreement (Yunhong International), Underwriting Agreement (Yunhong International), Underwriting Agreement (Yunhong International)

per Firm Unit. The Firm Units (and the Option Units (hereinafter defined) if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit, it being understood that the offering price is not in excess of the price recommended by the QIU (as hereinafter defined). Each Firm Unit consists of one (1) ordinary share of common stock, par value $0.00001 per share, of the Company (“Ordinary ShareCommon Stock”), one-half of one redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one share of Common Stock, and one (1) right (the “Right(s)”) to receive one-tenth seventh (1/7) of one Ordinary Share share of Common Stock upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary SharesCommon Stock, the Rights Warrants and the Warrants Rights included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) one Share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a Business Combination (as defined below)Combination, or and (b) twelve (12) 12 months from the date Effective Date of the consummation of the OfferingRegistration Statement (as described below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per as determined in accordance with the Warrant Agreement (as defined in Section 2.22 hereof) at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given given. Each Right entitles the holder to receive one-seventh (“Force-Call Redemption”1/7) of one share of Common Stock upon the closing of a Business Combination (as defined herein). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

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

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock of the Company (“Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Shareshare of Common Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share share of Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) completion 30 days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingProspectus (as defined below), and terminating on the five fifth (55th) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” (as more fully described in the Registration Statement) shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days days’ written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Warrant Agreement (Health Sciences Acquisitions Corp), Warrant Agreement (Health Sciences Acquisitions Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit (or Option Unit, as applicable). Each Firm Unit (and Option Unit) consists of one (1) ordinary share of the Company Company, par value $0.0001 per share (an “Ordinary Share”), ) and one (1) right (the “Right(s)”) to receive one-tenth (1/10) of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Rights”); provided, each Warrant entitling however, the holder thereof Company will not sell or issue fractional shares with respect to purchase one-half (1/2) of one Ordinary Shareany Right. The Ordinary Shares, Shares and the Rights and the Warrants included in the Firm Units (and the Option Units) will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) by the U.S. Securities and Exchange Commission (the “Commission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant As described in the Prospectus (as defined herein), each Right entitles the holder thereof to purchase receive one-half tenth (1/21/10) of one Ordinary Share at a price of $11.50 per full share during upon the period commencing on the later of (a) completion consummation of a Business Combination. Each ten Rights entitle the holder thereof to receive one Ordinary Share at the closing of a Business Combination. The Company will not issue fractional shares. As a result, a holder must hold rights in multiples of ten (10) in order to receive Ordinary Shares for all of the holder’s rights upon closing of a Business Combination. If the Company is unable to complete a Business Combination within the required time period and the Company redeems the Ordinary Shares for the funds held in the Trust Account (as defined below), or (b) twelve (12) months from holders of Rights will not receive any of such funds for their Rights and the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combinationwill expire worthless. As used herein, the term “Business Combination” shall mean any acquisition by merger, share exchange, asset acquisition, share reconstruction and amalgamation withpurchase, purchasing all reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other day federal holiday, on which commercial banks in The City of New York City are authorized or required by law to remain closedgenerally open for normal business; provided, however, for clarification, commercial national banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-non- essential employee”, or any other similar orders or restrictions or of the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (Bayview Acquisition Corp), Underwriting Agreement (Bayview Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (“Ordinary ShareClass A Common Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Company’s initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closednot open for business; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required obligated by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (Minority Equality Opportunities Acquisition Inc.), Underwriting Agreement (Minority Equality Opportunities Acquisition Inc.)

per Firm Unit. The Firm Units are to be offered initially to the public (“Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share share, no par value, of the Company (“Ordinary ShareShares”), and one (1) right warrant to purchase one Ordinary Share (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will trade separately on the tenth business day following the earlier to occur of the expiration of the Over-allotment Option (as defined in Section 1.2.1 hereof), which is 45 days from the date of the Prospectus (as defined in Section 2.1.1 hereof), its exercise in full or the announcement by the Underwriters of their intention not be to exercise all or any remaining portion of the Over-allotment Option, but in no event will the Ordinary Shares and the Warrants included in the Firm Units trade separately transferable until the earlier of the 52nd day after the date that the Registration Statement Business Day (as defined below) becomes effective after (i) the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company a Report of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report Foreign Private Issuer on Form 86-K (“Form 8-K”) with the Commission (as defined below) containing which includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Warrant Private Placement (as defined in Section 1.3), including any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 6-K, and (ii) the Company has filed with the Commission a Report of Foreign Private Issuer on Form 6-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-half (1/2) of one Ordinary Share at a price of for $11.50 per full share 10.00 during the period commencing on the later of (a) completion 30 days after the consummation by the Company of a its Business Combination (as defined below), ) or (b) twelve (12) months one year from the date of Closing Date, provided, in each case, that an effective registration statement under the consummation of Act (as defined in Section 1.3.1 hereof) covering the OfferingOrdinary Shares underlying the Warrants and a current prospectus in respect thereof are available. The Warrants will expire at 5:00 p.m., and terminating New York City time, on the five (5) five-year anniversary of the closing consummation by the Company of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a its initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by the Company’s initial acquisition, share exchange, share reconstruction and or amalgamation or contractual arrangement with, purchasing or purchase of, all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayasset.

Appears in 2 contracts

Samples: Underwriting Agreement (BGS Acquisition Corp.), Underwriting Agreement (BGS Acquisition Corp.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, par value $0.0001 per share, of the Company (“Ordinary Share”), one (1) right (the “Right(s)Common Stock”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin; provided that no fractional Warrants will be issued upon separation of the Firm Units and only whole Warrants will trade or be exercisable. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on 30 days after the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

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

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit, it being understood that the offering price is not in excess of the price recommended by the QIU. Each Firm Unit consists of one (1) ordinary share of the Company Company’s common stock, par value $0.0001 per share (the Ordinary ShareCommon Stock”), one-half (1/2) of a redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one share of Common Stock and one (1) right (the “Right(s)”) to receive one-tenth twentieth (1/20) of one Ordinary Share share of Common Stock upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary SharesCommon Stock, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (Cleantech Acquisition Corp.), Underwriting Agreement (Cleantech Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit, it being understood that the offering price is not in excess of the price recommended by the QIU. Each Firm Unit consists of one (1) ordinary share of the Company Company’s common stock (“Ordinary ShareCommon Stock), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) completion the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by merger, share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, recapitalization, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with of one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given given, provided that there is a current registration statement in effect with respect to the shares of Common Stock underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (30) day notice period and continuing each day thereafter until the date of redemption (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Globis Acquisition Corp.), Underwriting Agreement (Globis Acquisition Corp.)

per Firm Unit. The Firm Units are to be offered initially to the public (“Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share share, no par value per share, of the Company (“Ordinary Share”), and one (1) right (the “Right(s)”) warrant to receive one-tenth purchase one half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be trade separately transferable until the earlier of on the 52nd day after following the date that of the Registration Statement Prospectus (as defined in Section 2.1.1 below), unless the Representative informs the Company of its decision to allow earlier separate trading, and in no event will the Ordinary Shares and the Warrants included in the Firm Units trade separately prior to the Business Day (as defined below) becomes effective after (i) the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement (as defined in Section 1.4) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-one half (1/2) of one Ordinary Share at for a price of $11.50 5.75 per full share half share, during the period commencing on the later of (a) completion the 30th day following consummation by the Company of a its Business Combination (as defined below), ) or (b) twelve (12) months from the date of the consummation of Prospectus; provided, in each case, that an effective registration statement under the OfferingAct (as defined in Section 1.4.1 hereof) covering the Ordinary Shares underlying the Warrants and a current prospectus in respect thereof are available. The Warrants will expire at 5:00 p.m., and terminating New York City time, on the five (5) five-year anniversary of the closing completion by the Company of a Business Combinationits merger, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by (the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (Force-Call RedemptionBusiness Combination”). As used herein, or earlier upon redemption, as described in the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long Registration Statement (as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daydefined below).

Appears in 2 contracts

Samples: Underwriting Agreement (Electrum Special Acquisition Corp), Underwriting Agreement (Electrum Special Acquisition Corp)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, par value $0.0001 per share (the “Ordinary Shares” and, individually, an “Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrants”), each Warrant entitling and one right (the holder thereof to purchase one-half (1/2) of one Ordinary Share“Rights”). The Ordinary Shares, the Warrants, and Rights and the Warrants included in the Firm Units will not be trade separately transferable until on the earlier of the 52nd fifty-second (52nd) day after following the date that hereof unless the Registration Statement Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the Ordinary Shares, Warrants, and Rights included in the Firm Units trade separately until (as defined belowi) becomes effective the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement (as defined in Section 1.4.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase onethree-half fourths (1/23/4) of one Ordinary Share at a price of for $11.50 per full share during the period share, subject to adjustment, commencing on the later of (ai) completion twelve months from the effective date (the “Effective Date”) of a Business Combination the Registration Statement (as defined below)in Section 2.1.1) or (ii) the consummation by the Company of a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the consummation by the Company. The Company has the right to redeem the Warrantsof its initial Business Combination, with the prior consent of the Representative, or earlier upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price redemption of the Ordinary Shares has been or liquidation of the Company. Each Right entitles the holder to receive one-tenth of one Ordinary Share upon consummation by the Company of a Business Combination. Warrants must be exercised in multiples of at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”)four. As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks Rights must be converted in The City multiples of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayleast ten.

Appears in 2 contracts

Samples: Underwriting Agreement (HHG Capital Corp), Underwriting Agreement (HHG Capital Corp)

per Firm Unit. The Firm Units are to be offered initially to the public (“Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock of the Company Company, par value $0.0001 per share (“Ordinary ShareCommon Stock”), and one (1) right warrant to purchase one share of Common Stock (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will trade separately on the tenth business day following the earlier to occur of the expiration of the Over-allotment Option (as defined in Section 1.2.1 hereof), which is 45 days from the date of the Prospectus (as defined in Section 2.1.1 hereof), its exercise in full or the announcement by the Underwriters of their intention not be to exercise all or any remaining portion of the Over-allotment Option, but in no event will the Shares of Common Stock and the Warrants included in the Firm Units trade separately transferable until the earlier of the 52nd day after the date that the Registration Statement Business Day (as defined below) becomes effective after (i) the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing which includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement (as defined in Section 1.3), including any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period commencing on the later of the consummation by the Company of its “Business Transaction” or one year from the effective date (a“Effective Date”) completion of a Business Combination the Registration Statement (as defined below), or (bin Section 2.1.1 hereof) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) five-year anniversary of the closing consummation by the Company of a its initial Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business CombinationTransaction. As used herein, the term “Business CombinationTransaction” shall mean any the Company’s acquisition by share or acquisition of control of one or more operating businesses or assets through a capital merger, capital stock exchange, asset or share reconstruction and amalgamation withacquisition, purchasing all reorganization, exchangeable share transaction or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daytransaction.

Appears in 2 contracts

Samples: Underwriting Agreement (Empeiria Acquisition Corp), Underwriting Agreement (Empeiria Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share share, par value $0.0001 per share, of the Company (“Class A Ordinary Share”), one (1) right (the “Right(s)”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one-half (1/2) of one Class A Ordinary Share. The Class A Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) of one Class A Ordinary Share at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation closing of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share Combination or earlier upon the closing of a Business Combinationredemption or liquidation. As used herein, the term “Business Combination” shall mean any acquisition by merger, capital share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all shares purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Share has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (RichSpace Acquisition Corp.), Underwriting Agreement (RichSpace Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) Class A ordinary share of the Company Company, par value $0.0001 (“Ordinary ShareClass A ordinary share”), (ii) one-ninth of one redeemable warrant (1) right (the Right(sOutstanding Redeemable Warrant(s)”), and (iii) a contingent right to receive oneat least two-tenth ninths of one Ordinary Share upon redeemable warrant following the consummation of a time at which the Company redeems the Class A ordinary shares that the holders thereof have elected to redeem in connection with the Company’s initial Business Combination (as defined below) and one redeemable warrant which will occur prior to the consummation of the initial Business Combination (the (Distributable Medicus Redeemable Warrant(s)”) and, together with the Outstanding Redeemable Warrants, the “Warrants”). Pursuant to the Company’s amended and restated memorandum and articles of association (as may be amended from time to time, each Warrant entitling the holder “Amended and Restated Memorandum and Articles of Association”) and a Contingent Rights Agreement, an aggregate of 1,777,778 Distributable Medicus Redeemable Warrants will be issued on a pro-rata basis to holders of outstanding Class A ordinary shares issued in connection with the sale of the Units hereunder that are outstanding after the Company redeems any Class A ordinary share that the holders thereof have elected to purchase one-half redeem in connection with an initial Business Combination (1/2) of one Ordinary Shareas defined below). The Ordinary Shares, the Rights Class A ordinary share and the Outstanding Redeemable Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share Class A ordinary share at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingClosing (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Company’s initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Medicus Sciences Acquisition Corp.), Underwriting Agreement (Medicus Sciences Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, par value $0.0001 per share (“Ordinary Share”) and one redeemable warrant (“Warrant(s)”) to purchase one-half of one Ordinary Share, and one (1) right (the “Right(s)”) to receive one-tenth of one an Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units (as defined below) will not be separately transferable until the earlier of the 52nd business day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing completion of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Aquarius I Acquisition Corp.), Underwriting Agreement (Aquarius I Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, par value $0.0001 (“Ordinary ShareShares”), one (1) right (the “Right(s)”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each whole Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will beginOffering. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall beginsheet. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Vickers Vantage Corp. I), Underwriting Agreement (Vickers Vantage Corp. I)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit (or Option Unit, as applicable). Each Firm Unit (and Option Unit) consists of one (1) ordinary share of common stock of the Company Company, par value $0.001 per share (“Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth (1/10) of one Ordinary Share share of Common Stock upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Shareshare of Common Stock; provided, however, the Company will not sell or issue fractional shares. The Ordinary SharesCommon Stock, the Rights and the Warrants included in the Firm Units (and the Option Units) will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share share of Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) completion the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingProspectus (as defined below), and terminating on the five fifth (55th) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or any other day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial national banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee”, or any other similar orders or restrictions or of the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (Blockchain Moon Acquisition Corp.), Underwriting Agreement (Blockchain Moon Acquisition Corp.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Rights, and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingProspectus (as defined below), and terminating on the five fifth (55th) year anniversary of the closing of a an initial Business Combination, and each ten Rights entitle Combination (as defined below). Each Right entitles the holder to receive one-tenth (1/10) of one (1) Ordinary Share upon the closing of a Business CombinationCombination (as defined below). As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Alberton Acquisition Corp), Underwriting Agreement (Alberton Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, par value $0.0001 per share of the Company (the Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant to purchase one share of Common Stock (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s our receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period commencing on the later of (a) completion 30 days after the closing of a Business Combination (as defined below)Combination, or (b) twelve (12) months from the date of the consummation of the OfferingClosing (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all or substantially all of the assets ofstock purchase, entering into contractual arrangements withreorganization, or engaging in any other similar business combination with of one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share 21.00 for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Stellar Acquisition III Inc.), Underwriting Agreement (Stellar Acquisition III Inc.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, par value $0.0001 per share, of the Company (“Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s Representatives’ decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin; provided that no fractional Warrants will be issued upon separation of the Firm Units and only whole Warrants will trade or be exercisable. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (New Beginnings Acquisition Corp.), Underwriting Agreement (New Beginnings Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, par value $0.001 (“Ordinary Share”), one redeemable warrant (1“Warrant(s)”) to purchase one-half of one ordinary share, and one right (the “Right(s)”) to receive acquire one-tenth of one Ordinary Share an ordinary share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that of the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares, only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) 30 days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) 20 trading days within a thirty (30) 30 trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (AGBA Acquisition LTD), Underwriting Agreement (AGBA Acquisition LTD)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Class A common stock of the Company, par value $0.0001 per share (the Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrants”), each Warrant entitling the holder thereof and one right to purchase receive one-half tenth (1/21/10) of one Ordinary Shareshare of Common Stock (the “Rights”) upon the consummation by the Company of a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses (the “Business Combination”) pursuant to the Rights Agreement (as defined in Section 2.24). The Ordinary SharesCommon Stock, the Warrants and Rights and the Warrants included in the Firm Units will not be trade separately transferable until the earlier of on the 52nd day after following the date that hereof unless the Registration Statement Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the shares of Common Stock, Warrants and Rights included in the Firm Units trade separately until (as defined belowi) becomes effective the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Warrant Private Placement (as defined in Section 1.4.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will Each whole Warrant entitles its holder to purchase one share of Common Stock for $11.50 per share, subject to adjustment, commencing on the Company allow separate trading until later of twelve months from the Closing Date (idefined below) or 30 days after the preparation of an audited balance sheet of the Company reflecting receipt consummation by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating expiring on the five (5) year anniversary of the closing consummation by the Company of a its initial Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share or earlier upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all redemption of the assets of, entering into contractual arrangements with, Common Stock or engaging in any other similar business combination with one or more businesses or entities by liquidation of the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (Fintech Ecosystem Development Corp.), Underwriting Agreement (Fintech Ecosystem Development Corp.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company’s common stock, par value $.0001 per share (“Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights shares of Common Stock and the Warrants included in the Firm Units will not be trade separately transferable until on the tenth (10) business day following the earlier to occur of the 52nd day after expiration of the date that the Registration Statement Over-allotment Option (as defined below) becomes effective in Section 1.2.1 hereof), which is 45 days from the date of the Prospectus (the “Effective Date”) as defined in Section 2.1.1 hereof), its exercise in full or the announcement by the Company Underwriters of their intention not to exercise all or any remaining portion of the Representative’s decision to allow earlier tradingOver-allotment Option, subject, however, to but in no event will the shares of Common Stock and the Warrants included in the Firm Units trade separately until the business day after (i) the Company filing has filed with the Securities and Exchange Commission (the “Commission”) a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing which includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering offering of the Firm Units and issuing the Private Placement (as defined in Section 1.3), including any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 8-K, (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until , and (iiii) the preparation of an audited balance sheet expiration of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8Over-K allotment Option or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall beginits exercise in full. Each Warrant entitles the its holder to exercise it to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period commencing on the later of (a) completion 30 days after the consummation by the Company of a its Business Combination or one year from the Closing Date (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) five-year anniversary of the closing consummation by the Company of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a its Business Combination. As used herein, the term “Business Combination” shall mean any the Company’s initial acquisition by share of one or more operating businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, exchangeable share reconstruction and amalgamation with, purchasing all transaction or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daycombination.

Appears in 2 contracts

Samples: Underwriting Agreement (Pacific Monument Acquisition Corp), Underwriting Agreement (Pacific Monument Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of Class A common stock of the Company Company, par value $.000001 (the Ordinary ShareClass A Common Stock”), one and (1ii) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Canna-Global Acquisition Corp), Underwriting Agreement (Canna-Global Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of the Company Company, no par value (the “Ordinary ShareShares”), (ii) one (1) half of one right, with each whole right (entitling the “Right(s)”) holder thereof to receive one-tenth (1/10) of one Ordinary Share upon the consummation of a Business Combination (an initial business combination as defined below) and one redeemable warrant described in more detail below (the “Warrant(sRight(s)”), each Warrant ) and (iii) one whole warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary ShareShares (the “Warrant(s)). The Ordinary Shares, the Warrants, and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share Shares at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle . Each whole Right entitles the holder to receive one tenth (11/10) of one Ordinary Share upon the closing of a Business CombinationShare. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The the City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The the City of New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (Energy Cloud I Acquisition Corp), Underwriting Agreement (Energy Cloud I Acquisition Corp)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company’s common stock, par value $0.0001 per share (“Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights shares of Common Stock and the Warrants included in the Firm Units will not be trade separately transferable until on the fifth business day following the earlier to occur of the 52nd day after expiration of the date that the Registration Statement Over-allotment Option (as defined below) becomes effective in Section 1.2.1 hereof), which is 45 days from the date of the Prospectus (the “Effective Date”) as defined in Section 2.1.1 hereof), its exercise in full or the announcement by the Company Underwriters of their intention not to exercise all or any remaining portion of the Representative’s decision to allow earlier tradingOver-allotment Option, subject, however, to but in no event will the shares of Common Stock and the Warrants included in the Firm Units trade separately until the business day after (i) the Company filing has filed with the Securities and Exchange Commission (the “Commission”) a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing which includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering offering of the Firm Units and issuing the Private Placement (as defined in Section 1.3), including any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 8-K and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period commencing on the later of (a) completion 30 days after the consummation by the Company of a its Business Combination or one year from the Closing Date (as defined below), or (bin Section 1.1.2 hereof) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) five-year anniversary of the closing consummation by the Company of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a its Business Combination. As used herein, the term “Business Combination” shall mean any the Company’s initial acquisition by share of one or more operating businesses or assets through a merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daycombination.

Appears in 2 contracts

Samples: Underwriting Agreement (Arcade China Acquisition Corp), Underwriting Agreement (Arcade China Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit (or Option Unit, as applicable). Each Firm Unit (and Option Unit) consists of one (1) ordinary share of common stock of the Company Company, par value $0.0001 per share (“Ordinary ShareCommon Stock”), one redeemable warrant (1) right (the Right(s)Warrant”) and one right to receive one-tenth of one Ordinary Share a share of Common Stock upon the consummation of a Business Combination (as defined below) and one redeemable warrant an initial business combination (the “Warrant(s)Right”), each . Each Warrant entitling entitles the holder thereof to purchase one-half (1/2) one share of Common Stock, and each ten Rights entitle the holder thereof to receive one Ordinary Shareshare of common stock at the closing of a business combination; provided, however, the Company will not sell or issue fractional shares. The Ordinary SharesCommon Stock, the Warrants and Rights and the Warrants included in the Firm Units (and the Option Units) will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) by the Commission (as defined below) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each As described in the Prospectus (as defined herein), each Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of thirty (a30) completion days after the closing of a Business Combination (as defined below), or (b) twelve (12) and 12 months from the date closing of the consummation of the Offeringthis offering, and terminating on the five fifth (55th) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent upon a minimum of the Representative, upon not less than thirty (30) days days’ prior written notice at a price of $0.01 per Warrant at any time after while the Warrants become are exercisable; so long as (i) the last sales price of the Ordinary Shares has been at least shares of Common Stock equals or exceeds $18.00 16.50 per share (as-adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which the redemption notice is given given, and (ii) a registration statement with respect to the shares of Common Stock underlying such warrants at the time of redemption and for the entire thirty (30) trading day period referred to in (i) and continuing each day thereafter until the date of redemption. As used herein, the term Force-Call Redemption”)Business Combination” shall mean any merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses by the Company and any investments or other financing concurrently with, or otherwise in connection with, such business combination. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or any other day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial national banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee”, or any other similar orders or restrictions or of the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Aquaron Acquisition Corp., Aquaron Acquisition Corp.

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Common Stock, par value $0.001 per share, of the Company (“Ordinary ShareCommon Stock), ) and one-half (1/2) of one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half one (1/21) share of one Ordinary Share Common Stock at a an exercise price of $11.50 per full share during the period commencing on the later of (a) completion thirty (30) days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.on

Appears in 2 contracts

Samples: Underwriting Agreement (Good Works II Acquisition Corp.), Underwriting Agreement (Good Works II Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit, it being understood that the offering price is not in excess of the price recommended by the QIU. Each Firm Unit consists of one (1) ordinary share of the Company Company’s common stock (“Ordinary ShareCommon Stock), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) share of one Ordinary Share Common Stock at a price of $11.50 per full whole share during the period commencing on the later of (a) completion the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by merger, share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, recapitalization, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with of one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 16.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given given, provided that there is a current registration statement in effect with respect to the shares of Common Stock underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (30) day notice period (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Chardan Healthcare Acquisition Corp.), Underwriting Agreement (Chardan Healthcare Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) Class A ordinary share of the Company Company, par value $0.0001 per share (each, a Class A Ordinary Share”), one (1ii) right (the “Right(s)”) to receive one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one Class A Ordinary Share, and (iii) one right (“Right(s)”) with each Right entitling the holder thereof to receive one-half tenth (1/21/10) of one Class A Ordinary ShareShare upon consummation of the initial Business Combination (defined below). The Class A Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) of one Class A Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Class A Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given given; provided that there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (ClimateRock), Underwriting Agreement (ClimateRock)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, no par value (“Ordinary Share”) and one redeemable warrant (“Warrant(s)”) to purchase one-half of one Ordinary Share, and one (1) right (the “Right(s)”) to receive acquire one-tenth of one an Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Goldenbridge Acquisition LTD), Underwriting Agreement (Goldenbridge Acquisition LTD)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary Class A share of common stock of the Company Company, par value $0.0001 (“Ordinary Share”), one (1) right (the “Right(s)Common Stock”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each whole Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares, only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by merger, share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

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

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) Class A ordinary share of the Company Company, par value $0.0001 per share (the “Ordinary ShareShares”), (ii) one-half of one (1) right redeemable warrant, with each whole warrant to acquire one Ordinary Share (the “Right(s)Warrants”) pursuant to the Warrant Agreement (as defined in Section 2.24), and (iii) one right to receive one-tenth (1/10) of one Ordinary Share (the “Rights”) upon the consummation by the Company of a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses (the “Business Combination Combination”) pursuant to the Rights Agreement (as defined below) and one redeemable warrant (the “Warrant(sin Section 2.23)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Warrants, and Rights and the Warrants included in the Firm Units will not be trade separately transferable until the earlier of on the 52nd day after following the date that hereof unless the Registration Statement Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the Ordinary Shares, the Warrants, and Rights included in the Firm Units trade separately until (as defined belowi) becomes effective the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Unit Private Placement (as defined in Section 1.5.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will Each whole Warrant entitles its holder to purchase one Ordinary Share for $11.50 per share, subject to adjustment, commencing on the Company allow separate trading until later of twelve months from the Closing Date (ias defined below) or 30 days after the preparation of an audited balance sheet of the Company reflecting receipt consummation by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingCombination, and terminating expiring on the five (5) year anniversary of the closing consummation by the Company of a such Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share or earlier upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price redemption of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on or liquidation of the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.Company

Appears in 2 contracts

Samples: Underwriting Agreement (Blue World Acquisition Corp), Underwriting Agreement (Blue World Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock of the Company Company, par value $0.0001 per share (“Ordinary ShareCommon Stock”), one redeemable warrant (1“Warrant(s)”) to purchase one-half of one share of Common Stock, and one right (the “Right(s)”) to receive one-tenth of one Ordinary Share share of Common Stock upon the consummation of a an initial Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary SharesCommon Stock, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share share of Common Stock at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share Combination or earlier upon the closing of a Business Combinationredemption or liquidation. As used herein, the term “Business Combination” shall mean any acquisition by merger, share exchange, asset acquisition, share reconstruction and amalgamation withpurchase, purchasing all reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last reported sales price of the Ordinary Shares Common Stock has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day date on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daygiven.

Appears in 2 contracts

Samples: Warrant Agreement (Goldenstone Acquisition Ltd.), Warrant Agreement (Goldenstone Acquisition Ltd.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, par value $0.0001 (“Ordinary Share”) and one redeemable warrant (“Warrant(s)”) to purchase one-half of one ordinary share, and one (1) right (the “Right(s)”) to receive acquire one-tenth of one Ordinary Share an ordinary share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares, only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Fellazo Inc.), Underwriting Agreement (Fellazo Inc.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of Class A common stock of the Company Company, par value $.0001 (the Ordinary ShareClass A Common Stock”), one and (1ii) right (the “Right(s)”) to receive onethree-tenth quarters of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle Combination or earlier upon redemption of the holder to receive one (1) Ordinary Share upon Class A Common Stock or liquidation of the closing of a Business CombinationCompany. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Vision Sensing Acquisition Corp.), Vision Sensing Acquisition Corp.

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock, $0.0001 par value, of the Company (the Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive and one-tenth third of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrants”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not trade separately on the fifty second (52nd) day following the date hereof unless the Representatives determine to allow earlier separate trading; provided that no fractional Warrants will be separately transferable until the earlier issued upon separation of the 52nd day after Firm Units and only whole Warrants will trade. Notwithstanding the date that immediately preceding sentence, in no event will the Registration Statement shares of Common Stock and the Warrants included in the Firm Units trade separately prior to (as defined belowi) becomes effective the Company having filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and the Warrant Private Placement (as defined in Section 1.4.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company having filed with the Commission a Current Report on Form 8-K and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period share, subject to adjustment, commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of Closing Date (defined below) or 30 days after the consummation of by the Offering, and terminating on the five (5) year anniversary of the closing Company of a Business Combinationmerger, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the consummation by the Company. The Company has the right to redeem the Warrantsof its initial Business Combination, with the prior consent or earlier upon redemption of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price or liquidation of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayCompany.

Appears in 2 contracts

Samples: Underwriting Agreement (Pivotal Investment Corp II), Underwriting Agreement (Pivotal Investment Corp II)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of Class A Ordinary Shares of the Company Company, par value $0.0001 (the Class A Ordinary ShareShares”), one and (1ii) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the Public Warrant(s)”), ) with each Public Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Class A Ordinary ShareShares. The Class A Ordinary Shares, the Rights Shares and the Public Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Public Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Class A Ordinary Share Shares at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle Combination or earlier upon redemption of the holder to receive one (1) Class A Ordinary Share upon Shares or liquidation of the closing of a Business CombinationCompany. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Public Warrants, with the prior consent of the Representativein whole or part, upon not less than thirty (30) days written notice at a price of $0.01 per Public Warrant at any time after the Public Warrants become exercisable; so long as the last sales price of the Class A Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given given; provided that there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such Public Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial national banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee”, or any other similar orders or restrictions or of the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 2 contracts

Samples: Underwriting Agreement (Aura Fat Projects Acquisition Corp), Underwriting Agreement (Aura Fat Projects Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Common Stock, par value $0.001 per share, of the Company (“Ordinary ShareCommon Stock), ) and one-half (1/2) of one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half one (1/21) share of one Ordinary Share Common Stock at a an exercise price of $11.50 per full share during the period commencing on the later of (a) completion thirty (30) days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below) prior to the day on which notice is given given, and provided that there is a current registration statement in effect with respect to the shares of Common Stock underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 2 contracts

Samples: Underwriting Agreement (Good Works Acquisition Corp.), Underwriting Agreement (Good Works Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share share, par value $0.0001 per share, of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each and one right to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business combination (the “Right(s)”). Each Warrant entitling the holder thereof to purchase one-half (1/2) one Ordinary Share at an exercise price of $11.50 per share. Each ten rights entitle the holder thereof to receive one Ordinary Share. The Ordinary Shares, the Rights Warrants, and the Warrants Rights included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of 30 days after (a) the completion of a Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as described below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Share has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Phoenix Acquisition LTD)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock of the Company Company, par value 0.0001 per share (“Ordinary ShareCommon Stock”), and one redeemable warrant (1“Warrant(s)”) to purchase one-half of one share of Common Stock, and one right (the “Right(s)”) to receive one-tenth of one Ordinary Share share of Common Stock upon the consummation of a an initial Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary SharesCommon Stock, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share share of Common Stock at a price of $11.50 per full share (the Warrants may only be exercised for whole numbers of shares only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share Combination or earlier upon the closing of a Business Combinationredemption or liquidation. As used herein, the term “Business Combination” shall mean any acquisition by merger, share exchange, asset acquisition, share reconstruction and amalgamation withpurchase, purchasing all reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last reported sales price of the Ordinary Shares Common Stock has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day date on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daygiven.

Appears in 1 contract

Samples: Warrant Agreement (Goldenstone Acquisition Ltd.)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, par value $0.001 per share, of the Company (“Ordinary Share”), one (1) right (the “Right(s)Common Stock”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin; provided that no fractional Warrants will be issued upon separation of the Firm Units and only whole Warrants will trade or be exercisable. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on 30 days after the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Ace Global Business Acquisition LTD)

per Firm Unit. The Firm Units are to be offered initially to the public (“Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, $0.0001 par value, of the Company (“Ordinary ShareCommon Stock”), and one (1) right warrant to purchase one share of Common Stock (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be trade separately transferable until the earlier of on the 52nd day after following the date that of the Registration Statement Prospectus or earlier if the Representative advises the Company of its decision not to exercise all or any remaining portion of the Over­allotment Option and to allow separate trading, but in no event will the Common Stock and the Warrants included in the Firm Units trade separately until no earlier than the Business Day (as defined below) becomes effective after (i) the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Unit Private Placement (as defined in Section 1.4) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share 12.00 during the period commencing on the later of (a) completion the 30th day following consummation by the Company of a its Business Combination (as defined below), ) or (b) twelve (12) months from the date of Closing Date (as defined in Section 1.1.2 hereof); provided, in each case, that an effective registration statement under the consummation of Act (as defined in Section 1.4.1 hereof) covering the OfferingCommon Stock underlying the Warrants and a current prospectus in respect thereof are available. The Warrants will expire at 5:00 p.m., and terminating New York City time, on the five (5) five-year anniversary of the closing consummation by the Company of a Business Combinationits merger, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by (the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (Force-Call RedemptionBusiness Combination”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Quinpario Acquisition Corp.)

per Firm Unit. Each The Firm Unit consists Units are to be offered initially to the public at the offering price of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share$10.00 per Firm Unit. The Ordinary Shares, the Rights Common Stock and the Public Warrants included in the Firm Units will not be trade separately transferable until on the earlier of the 52nd fifty second (52nd) day after following the date that hereof unless the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, subject, however, to in no event will the Common Stock and the Public Warrants included in the Firm Units trade separately until (i) the Company filing has filed with the Commission a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has issued a press release announcing when such separate trading will begin. In no event Each whole Public Warrant will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the entitle its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period whole share, subject to adjustment, commencing on the later of (a) one year from the Initial Delivery Date or 30 days after the completion by the Company of a Business Combination (as defined below)merger, or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization, recapitalization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with involving the Company and one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the completion by the Company of its initial Business Combination, or earlier upon the Company’s redemption or liquidation. Only whole warrants will be exercisable. The respective purchase obligations of the Underwriters with respect to the Firm Units shall be rounded among the Underwriters to avoid fractional shares, as the Representative may determine. In addition, the Company grants to the Underwriters an Over-allotment Option to purchase up to 3,750,000 additional Option Units. The Over-allotment Option is exercisable in the event that the Underwriters sell more Firm Units than 25,000,000 Firm Units. No Option Units shall be sold or delivered unless the Firm Units previously have been, or simultaneously are, sold and delivered. The Option Units shall be identical in all respects to the Firm Units. The right to purchase Option Units, or any portion thereof, may be exercised from time to time (subject to the limitations in Section 4 below) and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company. Each Underwriter agrees, severally and not jointly, to purchase the number of shares of Option Units (subject to such adjustments to eliminate fractional shares as the Representative may determine) that bears the same proportion to the total number of Option Units to be sold on such Delivery Date as the number of Firm Units set forth in Schedule 1 hereto opposite the name of such Underwriter bears to the total number of Firm Units. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed obligated to deliver any of the Firm Units or Option Units to be authorized or required by law delivered on the applicable Delivery Date, except upon payment for all such Units to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers be purchased on such dayDelivery Date as provided herein.

Appears in 1 contract

Samples: Underwriting Agreement (Modern Media Acquisition Corp.)

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per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any, are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (“Ordinary ShareClass A Common Stock”), one (1) right (the “Right(s)”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), with each whole Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each wholen Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date closing of the consummation of offering (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Except as described in the Registration Statement, the Company has the right to may redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days days’ prior written notice of redemption at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the reported last sales price of the Ordinary Shares Class A Common Stock has been at least $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any twenty (20) trading days within a thirty (30) trading day period commencing once the warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice of redemption is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Warrant Agreement (American Acquisition Opportunity Inc.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of Class A common stock of the Company Company, par value $.0001 (the Ordinary ShareClass A Common Stock”), one and (1ii) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each whole Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Liberty Resources Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of Class A common stock of the Company Company, par value $.000001 (the Ordinary ShareClass A Common Stock”), one and (1ii) right (the “Right(s)”) to receive one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Canna-Global Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right subunit (the “Right(sSubunit(s)”) to receive and one-tenth half (1/2) of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”). Each Warrant is redeemable for the purchase of one of the Company’s Class A ordinary shares, each Warrant entitling par value $0.0001 per share, of the holder thereof to purchase one-half Company (1/2the “Class A Ordinary Shares”). Each Subunit consists of one (1) Class A Ordinary Share and one quarter (1/4) of one Ordinary Sharea Warrant. The Ordinary Shares, the Rights Subunits and the Warrants included in the Firm Units will not be separately transferable until the earlier of of: (x) the 52nd day after the Effective Date (the “Effective Date” being the date that the Registration Statement (as defined below) becomes effective ); and (the “Effective Date”y) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the gross proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. The Company plans to list the Class A Ordinary Shares separately after the initial Business Combination (as defined below). Each whole Warrant entitles the holder to purchase one-half one (1/21) of one Class A Ordinary Share at a an exercise price of $11.50 per full share during the period commencing on the later of (a) completion thirty (30) days after the closing of a Business Combination (as defined below), or Combination; and (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Class A Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below) prior to the day on which notice is given given, and provided that there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Global SPAC Partners Co,)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $8.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company’s common stock, par value $.0001 per share (the Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant to purchase a share of Common Stock (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day 90 days after the effective date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or of the announcement by Registration Statement (as defined in Section 2.1.1 hereof) unless Maxim informs the Company of the Representative’s its decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In (and thereafter shall trade only separately), but in no event will the Company Maxim allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance Business Day (defined below) following the earliest to occur of a press release announcing when such separate trading shall beginthe expiration of the Over-allotment Option (defined below) or the exercise of the Over-allotment Option in full. Each Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share 6.00 during the period commencing on the later of (a) completion the consummation by the Company of a its “Business Combination (as defined below), Combination” or (b) twelve (12) months one year from the date Effective Date of the consummation of the Offering, Registration Statement and terminating on the five (5) four-year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business CombinationEffective Date. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation with, purchasing all asset or substantially all of the assets of, entering into contractual arrangements with, stock acquisition or engaging in any other similar business combination consummated by the Company with a single operating entity, or one or more businesses related or unrelated entities by in the Companypublishing or related industries (as described more fully in the Registration Statement). The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last average closing sales price of the Ordinary Shares Company’s Common Stock has been at least $18.00 per share 11.50 for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daygiven.

Appears in 1 contract

Samples: Underwriting Agreement (Affinity Media International Corp.,)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. Share .. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion 30 days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, Combination and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Greenland Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right subunit (the “Right(sSubunit(s)”) to receive and one-tenth third (1/3) of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half one of the Company’s Class A ordinary shares, par value $0.0001 per share, of the Company (1/2“Class A Ordinary Shares”). Each Subunit consists of one (1) Class A Ordinary Share and one quarter (1/4) of one Ordinary Sharea Warrant. The Ordinary Shares, the Rights Subunits and the Warrants included in the Firm Units will not be separately transferable until the earlier of of: (x) the 52nd day after the Effective Date (the “Effective Date” being the date that the Registration Statement (as defined below) becomes effective ); and (the “Effective Date”y) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the gross proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. The Company plans to list the Class A Ordinary Shares separately after the initial Business Combination (as defined below). Each whole Warrant entitles the holder to purchase one-half one (1/21) of one Class A Ordinary Share at a an exercise price of $11.50 per full share during the period commencing on the later of (a) completion thirty (30) days after the closing of a Business Combination (as defined below), or Combination; and (b) twelve (12) months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Class A Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below) prior to the day on which notice is given given, and provided that there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Global SPAC Partners Co,)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, par value $0.0001 per share (the “Ordinary ShareShares”), one-half of one redeemable warrant (1the “Warrant(s)”) and one right (the “Right(s)”) to receive one-tenth (1/10) of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one ). Each whole redeemable warrant (the “Warrant(s)”), each Warrant entitling entitles the holder thereof to purchase one-half one Ordinary Share at a price of $11.50 per full share, subject to adjustment (1/2) of the “Warrants”). Each ten rights entitle the holder thereof to receive one Ordinary Share. The Ordinary Shares, the Rights Warrants and the Warrants Rights included in the Firm Units will not be trade separately transferable on the fifty-second business (52nd) day after the date hereof unless the Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the Ordinary Shares, the Warrants and the Rights included in the Firm Units trade separately until (i) the earlier Company has filed with the Securities and Exchange Commission (the “Commission” or the “SEC”) a Current Report on Form 8-K that includes an audited balance sheet reflecting the Company’s receipt of the 52nd day after proceeds of the Offering and the Initial Unit Private Placement (as defined in Section 1.4.2) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. Each whole redeemable warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per full share, subject to adjustment, commencing on the later of twelve months from the date that the Registration Statement (as defined below) becomes is declared effective (by the “Effective Date”) SEC or 30 days after the announcement consummation by the Company of the Representative’s decision to allow earlier tradinga merger, subjectcapital stock exchange, howeverasset acquisition, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below)stock purchase, recapitalization, reorganization, or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the consummation by the Company. The Company has the right to redeem the Warrantsof its initial Business Combination, with the prior consent of the Representative, or earlier upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price redemption of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on or liquidation of the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayCompany.

Appears in 1 contract

Samples: Underwriting Agreement (Aquarius II Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit (or Option Unit, as applicable). Each Firm Unit (and Option Unit) consists of one (1) ordinary share of common stock of the Company Company, par value $0.0001 per share (“Ordinary ShareCommon Stock), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock; provided, however, the Company will not sell or issue fractional shares. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units (and the Option Units) will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) by the Commission (as defined below) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each As described in the Prospectus (as defined herein), each Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on thirty (30) days after the later of (a) completion closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five fifth (55th) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent upon a minimum of the Representative, upon not less than thirty (30) days days’ prior written notice at a price of $0.01 per Warrant at any time after while the Warrants become are exercisable; so long as (i) the last sales price of the Ordinary Shares has been at least shares of Common Stock equals or exceeds $18.00 16.50 per share (as-adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which the redemption notice is given given, and (“Force-Call Redemption”). As used herein, ii) a registration statement with respect to the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City shares of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations Common Stock underlying such warrants at the direction time of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.redemption

Appears in 1 contract

Samples: Underwriting Agreement (Bellevue Life Sciences Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share share, par value $0.0001 per share, of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and three-quarters of one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary ShareShare at an exercise price of $11.50 per whole share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full whole share during the period commencing on the later of 30 days after (a) the completion of a Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as described below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Share has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Phoenix Acquisition LTD)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share share, par value $0.001 per share, of the Company (“Class A Ordinary ShareShares), ) and one-half (1/2) of one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) of one Class A Ordinary Share. The Class A Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be separately transferable begin separate trading until the earlier of the 52nd business day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, in each case, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half one (1/21) of one Class A Ordinary Share at a an exercise price of $11.50 per full share during the period commencing on thirty (30) days after the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date closing of the consummation of the OfferingCompany’s initial Business Combination, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last reported sales price of the Class A Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day (as defined below) prior to the day on which redemption notice is given (“Force-Call Redemption”)given, and provided that there is an effective registration statement and current prospectus covering the Class A Ordinary Shares underlying the Warrants during the 30 day period after the redemption notice is given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on business. “Public Shareholders” means the holders of the Class A Ordinary Shares sold as part of the Units (defined below) in the Offering or acquired in the aftermarket, including the Initial Shareholders (defined below) to the extent they acquire such dayUnits and/or the Class A Ordinary Shares sold as part of such Units in the aftermarket (and solely with respect to such Units and/or Class A Ordinary Shares).

Appears in 1 contract

Samples: Underwriting Agreement (Pomelo Acquisition Corp LTD)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (“Ordinary ShareClass A Common Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day Business Day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Company’s initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closednot open for business; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required obligated by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (LMF Acquisition Opportunities Inc)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one (1) redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering of the Firm Units and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering of the Firm Units and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Metal Sky Star Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share share, par value $0.0001 per share, of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and three-quarters of one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary ShareShare at an exercise price of $11.50 per whole share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full whole share during the period commencing on the later of 30 days (a) the completion of a Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as described below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Companycombination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Share has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Phoenix Acquisition LTD)

per Firm Unit. The Underwriter agrees to purchase from the Company the Firm Units at a purchase price (net of discounts and commissions and the Deferred Underwriting Commission) of $9.60 per Firm Unit; provided, however, that in the event that fewer than 3,000,000 Firm Units are purchased from the Underwriter by persons who were introduced to the Underwriter by the Company (as evidenced by the signature of an authorized person of both the Underwriter and the Company on Exhibit C hereto, which may be amended from time to time by signature of an authorized person of the Underwriter and the Company) (the “Introduced Parties”), the Underwriter shall be entitled to receive an additional amount equal to (i) (a) 3,000,000 minus (b) the number of Firm Units purchased by Introduced Parties, multiplied by (ii) $0.15 (the “Additional Amount”). The Firm Units are to be offered initially to the public (“Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, $0.0001 par value, of the Company (“Ordinary ShareCommon Stock”), and one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation (1/10) of a Business Combination (as defined below) and one redeemable warrant share of Common Stock (the “Warrant(s)Right”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, Common Stock and the Rights and the Warrants included in the Firm Units will not be trade separately transferable until on the tenth (10th) Business Day(as defined below) following the earlier of (i) the 52nd day after date the Over-allotment Option expires, (ii) the date the Over-allotment Option is exercised in full, and (iii) the date that the Registration Statement Underwriter advises the Company of its decision not to exercise all or any remaining portion of the Over-allotment Option and to allow separate trading. Notwithstanding the immediately preceding sentence, in no event will the Common Stock and the Rights included in the Firm Units trade separately until the Business Day after (as defined belowi) becomes effective the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Unit Private Placement (as defined in Section 1.4) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until Each Right entitles its holder to receive one-tenth (i1/10) the preparation of an audited balance sheet a share of the Company reflecting receipt Common Stock automatically upon consummation by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar form by business combination involving the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below)or more businesses or entities, or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, that give the Company control over such a business or engaging in any other similar business combination entity with one or more businesses or entities by (the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (Force-Call RedemptionBusiness Combination”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Sino Mercury Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of common stock of the Company Company, par value $.0001 (the Ordinary ShareCommon Stock”), one and (1ii) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closednot open for business; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.. {N0384947 2 }

Appears in 1 contract

Samples: Underwriting Agreement (Zi Toprun Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as defined in Section 1.2.1), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share share, $0.0001 par value, of the Company (the “Ordinary ShareShare(s)”), one redeemable warrant (the “Warrant(s)”) to purchase one (1) Ordinary Share, and one right (the “Right(s)”) to receive one-tenth twentieth (1/20) of one Ordinary Share upon the consummation of a the Business Combination (as defined below) and one redeemable warrant (the “Warrant(sbelow in this Section 1.1.1)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Warrants and the Warrants Rights included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined belowin Section 2.1.1) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined belowin Section 2.1.1) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half one (1/21) of one Ordinary Share at a an exercise price of $11.50 per full share during the period commencing on thirty days after the later of (a) completion closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingCombination, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share or earlier upon the closing of a Business Combinationredemption or liquidation. As used herein, the term “Business Combination” shall mean any acquisition by a merger, share exchange, asset acquisition, share reconstruction and amalgamation withpurchase, purchasing all recapitalization, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below in this Section 1.1.1) prior to the day on which notice is given given, provided that there is a current registration statement in effect with respect to the Ordinary Shares issuable upon exercise of the Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (AXIOS Sustainable Growth Acquisition Corp)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one (1) redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering of the Firm Units and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering of the Firm Units and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Metal Sky Star Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit (or Option Unit, as applicable). Each Firm Unit (and Option Unit) consists of one (1) ordinary share of common stock of the Company (“Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth twentieth (1/20) of one Ordinary Share share of Common Stock upon the consummation of a Business Combination (as defined below) ), and one (1) redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Shareshare of Common Stock; provided, however, the Company will not sell or issue fractional shares of Common Stock. The Ordinary SharesCommon Stock, the Rights Rights, and the Warrants included in the Firm Units (and the Option Units) will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Right entitles the holder to receive one-twentieth (1/20) of one share of Common Stock upon the closing of a Business Combination (as defined herein); provided, however, the Company will not sell or issue fractional shares of Common Stock. Each whole Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) completion the closing of a the Business Combination (as defined below), or (b) twelve (12) and 12 months from the date closing of the consummation of the Offering, this Offering and terminating on five years after the five (5) year anniversary completion of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share our initial business combination or earlier upon the closing of a Business Combinationredemption or liquidation. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days prior written notice notice, at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or any other day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial national banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee”, or any other similar orders or restrictions or of the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Aquaron Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (“Ordinary ShareClass A Common Stock”), one (1) right (the “Right(s)”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Company’s initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closednot open for business; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required obligated by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Avalon Acquisition Inc.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right subunit (the “Right(sSubunit(s)”) to receive and one-tenth half (1/2) of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”). Each Warrant is redeemable for the purchase of one of the Company’s Class A ordinary shares, each Warrant entitling par value $0.0001 per share, of the holder thereof to purchase one-half Company (1/2the “Class A Ordinary Shares”). Each Subunit consists of one (1) Class A Ordinary Share and one quarter (1/4) of one Ordinary Sharea Warrant. The Ordinary Shares, the Rights Subunits and the Warrants included in the Firm Units will not be separately transferable until the earlier of of: (x) the 52nd day after the Effective Date (the “Effective Date” being the date that the Registration Statement (as defined below) becomes effective ); and (the “Effective Date”y) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the gross proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles The Company plans to list the holder to purchase one-half (1/2) of one Class A Ordinary Share at a price of $11.50 per full share during Shares separately after the period commencing on the later of (a) completion of a initial Business Combination (as defined below), or . Each whole Warrant entitles the holder to purchase one (b1) twelve Class A Ordinary Share at an exercise price of $11.50 per share during the period commencing thirty (1230) months from days after the date closing of the consummation of the Offering, a Business Combination and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Class A Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below) prior to the day on which notice is given given, and provided that there is a current registration statement in effect with respect to the Class A Ordinary Shares underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Global SPAC Partners Co,)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one (1) redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Alpha Star Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company, par value $0.0001 (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof ) to purchase one-half (1/2) of one Ordinary Shareordinary share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of that the consummation of Registration Statement (as defined below) is declared effective (the Offering“Effective Date”), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Fellazo Inc.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share of the Company Company, par value $0.0001 per share (“Class A Ordinary Share”; and, together with the Company’s Class B ordinary shares, par value $0.0001 per share, the “Ordinary Shares”), one redeemable warrant (1) “Warrant”), and one right (the “Right(s)”) to receive one-tenth (1/10) of one Ordinary Share a Class A ordinary share upon the consummation of a Business Combination an initial business combination (as defined below) and one redeemable warrant (the Warrant(s)Right”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Class A Ordinary Shares, the Warrants and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) by the Securities and Exchange Commission (“Commission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles two Warrants entitle the holder thereof to purchase one-half (1/2) of one Class A Ordinary Share at a price of $11.50 per full share share, subject to adjustment. The Warrants may only be exercised for whole numbers of Class A Ordinary Shares (only an even number of Warrants may be exercised at any given time) during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a the Business Combination, and each ten Rights entitle . Each Right entitles the holder to receive one-tenth of one Class A Ordinary Share. The Rights will convert into whole numbers of Class A Ordinary Shares (1Rights may only be converted in increments of ten) Ordinary Share upon at the closing of a the Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Class A Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daygiven.

Appears in 1 contract

Samples: Underwriting Agreement (Aurora Technology Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of the Company Company, $0.000125 par value per share (each, a “Ordinary Share”), ) and (ii) one (1) right (the “Right(s)”) with each Right entitling the holder thereof to receive onetwo-tenth tenths (2/10) of one Ordinary Share upon the consummation of a the initial Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Shares and Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles Except in cases where the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during Company is not the period commencing on the later of (a) completion of surviving company in a Business Combination (as defined below), or each holder of a Right will automatically receive two-tenths (b2/10) twelve (12) months from the date of the one Ordinary Share upon consummation of the OfferingCompany’s initial Business Combination (as defined below). The Company will not issue fractional shares in connection with an exchange of Rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman law. In the event the Company will not be the surviving company upon completion of its initial Business Combination (as defined below), and terminating on each holder of a Right will be required to affirmatively convert his, her or its rights in order to receive the five two-tenths (52/10) year anniversary of one Ordinary Share underlying each right upon consummation of the closing Business Combination (as defined below). If the Company is unable to complete an initial Business Combination (as defined below) within the required time period and the Company redeems the public shares for the funds held in the trust account, holders of a Business Combination, Rights will not receive any of such funds for their rights and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combinationrights will expire worthless. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Mars Acquisition Corp.)

per Firm Unit. The Firm Units are to be offered initially to the public (“Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share share, no par value, of the Company (“Ordinary ShareShares”), and one (1) right warrant to purchase one Ordinary Share (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrant”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will trade separately on the tenth business day following the earlier to occur of the expiration of the Over-allotment Option (as defined in Section 1.2.1 hereof), which is 45 days from the date of the Prospectus (as defined in Section 2.1.1 hereof), its exercise in full or the announcement by the Underwriters of their intention not be to exercise all or any remaining portion of the Over-allotment Option, but in no event will the Ordinary Shares and the Warrants included in the Firm Units trade separately transferable until the earlier of the 52nd day after the date that the Registration Statement Business Day (as defined below) becomes effective after (i) the Company has filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company a Report of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report Foreign Private Issuer on Form 86-K (“Form 8-K”) with the Commission (as defined below) containing which includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement (as defined in Section 1.3), including any proceeds the Company receives from the exercise of the Over-allotment Option if such option is exercised prior to the filing of the Form 6-K, and (ii) the Company has filed with the Commission a Report of Foreign Private Issuer on Form 6-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-half (1/2) of one Ordinary Share at a price of for $11.50 per full share during the period commencing on the later of (a) completion 30 days after the consummation by the Company of a its Business Combination (as defined below), ) or (b) twelve (12) months one year from the date of Closing Date, provided, in each case, that an effective registration statement under the consummation of Act (as defined in Section 1.3.1 hereof) covering the OfferingOrdinary Shares underlying the Warrants and a current prospectus in respect thereof are available. The Warrants will expire at 5:00 p.m., and terminating New York City time, on the five (5) five-year anniversary of the closing consummation by the Company of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a its initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by the Company’s initial acquisition, share exchange, share reconstruction and or amalgamation or contractual arrangement with, purchasing or purchase of, all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayasset.

Appears in 1 contract

Samples: Underwriting Agreement (BGS Acquisition Corp.)

per Firm Unit. The Underwriters, severally and not jointly, agree to purchase from the Company the number of Firm Units set forth opposite their respective names on Schedule A attached hereto and made a part hereof at a purchase price (net of discounts and commissions of $0.60, $0.20 of which shall be deposited into the Trust Fund pursuant to Section 1.5) of $9.40 per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company Company’s common stock, par value $0.0001 per share (the Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant to purchase one share of Common Stock (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights shares of Common Stock and the Warrants included in the Firm Units will not be begin trading separately transferable on the 10th business day following the earlier to occur of: (a) the expiration of the underwriters’ over-allotment option or (b) its exercise in full. In no event will separate trading of the Common Stock and Warrants occur until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing has filed a Current Report on Form 8-K (the Current Report on Form 8-K”) with the Securities and Exchange Commission (as defined belowin Section 2.1.1 hereof) containing an audited balanced balance sheet reflecting the Company’s its receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event The Company will file the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) Current Report on a Form 8-K or similar form by upon the completion of the Offering, which is anticipated to take place three Business Days following the date of the Prospectus (as defined in Section 2.1.1 hereof). The audited balance sheet will include proceeds the Company which includes such balance sheet and (ii) receives from the issuance exercise of a press release announcing when such separate trading shall begin. the Over-allotment Option, if the Over-allotment Option is exercised prior to the filing of the Current Report on Form 8-K. Each Warrant entitles the its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 7.00 per full share during the period commencing on the later of of: (a) completion the consummation by the Company of a its Business Combination (as defined below), ) or (b) twelve (12) months one year from the effective date (the “Effective Date”) of the consummation of the OfferingRegistration Statement (as defined in Section 2.1.1 hereof), and terminating on the five (5) four-year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business CombinationEffective Date. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of have the assets of, entering into contractual arrangements with, or engaging definition as set forth in any other similar business combination with one or more businesses or entities by the CompanyRegistration Statement. The Company has the right to redeem the Warrants, with Warrants (and the prior consent Representative’s Warrants but only upon exercise of the Representative, upon ’s Unit Purchase Option (each as defined below)) if: (i) not less than thirty (30) 30 days written notice is given at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 14.25 per share for any twenty (20) 20 trading days within a thirty (30) 30 trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given and (“Force-Call Redemption”)ii) a current registration statement is in effect and a current prospectus with respect to the common stock upon exercise of the Warrants is available from and including the date the Company issues a redemption notice to and including the date of redemption. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (China Resources Ltd.)

per Firm Unit. Each The Firm Unit consists Units are to be offered initially to the public at the offering price of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share$10.00 per Firm Unit. The Ordinary SharesCommon Stock, the Rights and the Public Warrants included in the Firm Units will not be trade separately transferable until on the earlier of the 52nd fifty second (52nd) day after following the date that hereof unless the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision Representative determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, subjectin no event will the Common Stock, however, to the Rights and the Public Warrants included in the Firm Units trade separately until (i) the Company filing has filed with the Commission a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised prior to the filing of the Form 8-K, and (ii) the Company has issued a press release announcing when such separate trading will begin. In no event Each whole Public Warrant will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the entitle its holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period whole share, subject to adjustment, commencing on the later of (a) one year from the Initial Delivery Date or 30 days after the completion by the Company of a Business Combination (as defined below)merger, or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization, recapitalization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with involving the Company and one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the completion by the Company of its initial Business Combination, or earlier upon the Company’s redemption or liquidation. Only whole warrants will be exercisable. Each Right will entitle its holder to receive one-tenth (1/10) of one share of Common Stock upon consummation of a Business Combination, even if the holder of such right redeemed all shares of Common Stock held by it in connection with the Business Combination. No additional consideration will be required to be paid by a holder of Rights in order to receive its additional shares upon consummation of a Business Combination. The respective purchase obligations of the Underwriters with respect to the Firm Units shall be rounded among the Underwriters to avoid fractional shares, as the Representative may determine. In addition, the Company grants to the Underwriters an Over-allotment Option to purchase up to 2,250,000 additional Option Units. The Over-allotment Option is exercisable in the event that the Underwriters sell more than 15,000,000 Firm Units. No Option Units shall be sold or delivered unless the Firm Units previously have been, or simultaneously are, sold and delivered. The Option Units shall be identical in all respects to the Firm Units. The right to purchase Option Units, or any portion thereof, may be exercised from time to time (subject to the limitations in Section 4 below) and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company. Each Underwriter agrees, severally and not jointly, to purchase the number of shares of Option Units (subject to such adjustments to eliminate fractional shares as the Representative may determine) that bears the same proportion to the total number of Option Units to be sold on such Delivery Date as the number of Firm Units set forth in Schedule 1 hereto opposite the name of such Underwriter bears to the total number of Firm Units. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed obligated to deliver any of the Firm Units or Option Units to be authorized or required by law delivered on the applicable Delivery Date, except upon payment for all such Units to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers be purchased on such dayDelivery Date as provided herein.

Appears in 1 contract

Samples: Underwriting Agreement (Modern Media Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of common stock of the Company Company, par value $0.00001 (the Ordinary ShareCommon Stock”), one and (1ii) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closednot open for business; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.. {N0405512}

Appears in 1 contract

Samples: Underwriting Agreement (Zi Toprun Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of common stock of the Company Company, par value $0.00001 (the Ordinary ShareCommon Stock”), one and (1ii) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareCommon Stock. The Ordinary Shares, the Rights Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all stock purchase, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closednot open for business; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Zi Toprun Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of (i) one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (the Ordinary ShareClass A Common Stock”), and (ii) one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each whole Warrant entitling the holder thereof to purchase one-half one (1/21) share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd fifty-second (52nd) day after the date that the Registration Statement (as defined below) becomes is declared effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each whole Warrant entitles the holder thereof to purchase one-half one (1/21) share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) thirty (30) days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) months from the date of the consummation of the OfferingEffective Date, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, share purchase, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Liberty Resources Acquisition Corp.)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of Class A common stock of the Company Company, par value $0.0001 (“Ordinary ShareClass A Common Stock”), one (1) right (the “Right(s)”) to receive and one-tenth half of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), ) with each Warrant entitling the holder thereof to purchase one-half (1/2) one share of one Ordinary ShareClass A Common Stock. The Ordinary Shares, the Rights Class A Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder thereof to purchase one-half (1/2) one share of one Ordinary Share Class A Common Stock at a price of $11.50 per full share during the period commencing on the later of (a) 30 days after the completion of a an initial Business Combination (as defined below), or and (b) twelve (12) 12 months from the date of the consummation of the OfferingClosing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Company’s initial Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation withamalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with with, one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closednot open for business; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required obligated by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial national banks in The City of New York, New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Avalon Acquisition Inc.)

per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share of the Company Company, par value $0.0001 per share (the Class A Ordinary Shares” and, individually, a “Class A Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)Warrants”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Class A Ordinary Shares, the Rights Shares and the Warrants included in the Firm Units will not be trade separately transferable until on the earlier fifty-second (52nd) day following the date hereof unless the Representative on behalf of the 52nd day after Underwriters determines to allow earlier separate trading. Notwithstanding the date that immediately preceding sentence, in no event will the Registration Statement Class A Ordinary Shares and Warrants included in the Firm Units trade separately until (as defined belowi) becomes effective the Company shall have filed with the Securities and Exchange Commission (the “Effective DateCommission”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing that includes an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing the Private Placement (as defined below) and updated financial information with respect to any proceeds the Company receives from the exercise of the Over-Allotment Option (defined below) if such option is exercised prior to the filing of such Form 8-K, and (ii) the Company has filed with the Commission a Current Report on Form 8-K and issued a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the its holder to purchase one-half (1/2) of one Class A Ordinary Share at a price of $11.50 per full share during the period share, subject to adjustment, at any time commencing on the later of (a) completion 12 months from the effective date of a Business Combination the Registration Statement (as defined below), or (bin Section 2.1.1 hereof) twelve (12) months from and the date of the consummation of by the Offering, and terminating on the five (5) year anniversary of the closing Company of a Business Combinationmerger, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all or substantially all of the assets ofstock purchase, entering into contractual arrangements withrecapitalization, reorganization, or engaging in any other similar business combination with one or more businesses or entities (the “Business Combination”) and expiring on the five year anniversary of the consummation by the Company. The Company has the right to redeem the Warrantsof its initial Business Combination, with the prior consent or earlier upon redemption of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price Class A Ordinary Shares or liquidation of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such dayCompany.

Appears in 1 contract

Samples: Underwriting Agreement (Technology & Telecommunication Acquisition Corp)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one (1) redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering of the Firm Units and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering of the Firm Units and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on thirty (30) days following the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Flag Ship Acquisition Corp)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one (1) redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering of the Firm Units and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering of the Firm Units and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) thirty (30) days following the completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Flag Ship Acquisition Corp)

per Firm Unit. The Firm Units (and the Option Units (as defined in Section 1.2.1), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share share, $0.0001 par value, of the Company (the “Ordinary ShareShare(s)”), one redeemable warrant (the “Warrant(s)”) to purchase one (1) Ordinary Share, and one right (the “Right(s)”) to receive one-tenth (1/10) of one Ordinary Share upon the consummation of a the Business Combination (as defined below) and one redeemable warrant (the “Warrant(sbelow in this Section 1.1.1)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights Warrants and the Warrants Rights included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined belowin Section 2.1.1) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined belowin Section 2.1.1) containing an audited balanced balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half one (1/21) of one Ordinary Share at a an exercise price of $11.50 per full share during the period commencing on thirty days after the later of (a) completion closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the OfferingCombination, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share or earlier upon the closing of a Business Combinationredemption or liquidation. As used herein, the term “Business Combination” shall mean any acquisition by a merger, share exchange, asset acquisition, share reconstruction and amalgamation withpurchase, purchasing all recapitalization, reorganization or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; , so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day (as defined below in this Section 1.1.1) prior to the day on which notice is given given, provided that there is a current registration statement in effect with respect to the Ordinary Shares issuable upon exercise of the Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (“Force-Call Redemption”)30) day notice period. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (AXIOS Sustainable Growth Acquisition Corp)

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), ) one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the on consummation of a Business Combination (as defined below) and one redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary ShareShare . The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd 90th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion 30 days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, Combination and each ten Rights entitle the holder to receive one (1) Ordinary Share for $10.00 per share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all or substantially all of the assets of, entering into contractual arrangements withstock purchase, or engaging in any other similar business combination with combination, or control through contractual arrangements, of one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

Samples: Underwriting Agreement (Tottenham Acquisition I LTD)

per Firm Unit. The Firm Units (and the Option Units (as hereinafter defined), if any) are to be offered initially to the public (the “Offering”) at the offering price of $10.00 per Firm Unit. Each Firm Unit consists of one (1) ordinary share of common stock, par value $0.0001 per share of the Company (the Ordinary ShareCommon Stock”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one redeemable warrant to purchase one share of Common Stock (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement Effective Date (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s our receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) one share of one Ordinary Share at a price of Common Stock for $11.50 per full share during the period commencing on the later of (a) completion 30 days after the closing of a Business Combination (as defined below)Combination, or (b) twelve (12) months from the date of the consummation of the OfferingClosing (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share merger, capital stock exchange, share reconstruction and amalgamation withasset acquisition, purchasing all or substantially all of the assets ofstock purchase, entering into contractual arrangements withreorganization, or engaging in any other similar business combination with of one or more operating businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares Common Stock has been at least $18.00 per share 21.00 for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day Business Day prior to the day on which notice is given (“Force-Call Redemption”)given. As used herein, the term “Business Day” means shall mean any day other than a Saturday, Sunday or other any day on which commercial national banks in The City of New York, New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such daybusiness.

Appears in 1 contract

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

per Firm Unit. Each Firm Unit consists of one (1) ordinary share of the Company (“Ordinary Share”), one (1) right (the “Right(s)”) to receive one-tenth of one Ordinary Share upon the consummation of a Business Combination (as defined below) and one (1) redeemable warrant (the “Warrant(s)”), each Warrant entitling the holder thereof to purchase one-half (1/2) of one Ordinary Share. The Ordinary Shares, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering of the Firm Units and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering of the Firm Units and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one-half (1/2) of one Ordinary Share at a price of $11.50 per full share during the period commencing on the later of (a) completion of a Business Combination (as defined below), or (b) twelve (12) months from the date of the consummation of the Offering, and terminating on the five (5) year anniversary of the closing of a Business Combination, and each ten Rights entitle the holder to receive one (1) Ordinary Share upon the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquisition by share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Ordinary Shares has been at least $18.00 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) trading day prior to the day on which notice is given (“Force-Call Redemption”). As used herein, the term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers on such day.

Appears in 1 contract

Samples: Underwriting Agreement (Metal Sky Star Acquisition Corp)

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