Common use of Private Placement Share Purchase Agreement Clause in Contracts

Private Placement Share Purchase Agreement. The Company has executed and delivered to the Sponsors a certain private placement share purchase agreement, the form of which is filed as an exhibit to the Registration Statement (collectively, the “Private Placement Share Purchase Agreement”), pursuant to which: the Sponsors, among other things, agreed to purchase an aggregate of 380,892 Placement Shares (including 331,032 shares to be purchased by Sponsor A and 49,860 shares to be purchased by Sponsor B) in the Private Placement (and up to an additional 36,000 Additional Placement Shares in the Additional Private Placement if the Over-allotment Option is exercised in full). All of the proceeds from the sale of the Placement Shares and Additional Placement Shares, if any, will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.

Appears in 3 contracts

Samples: Underwriting Agreement (Prime Number Acquisition I Corp.), Underwriting Agreement (Prime Number Acquisition I Corp.), Underwriting Agreement (Prime Number Acquisition I Corp.)

AutoNDA by SimpleDocs

Private Placement Share Purchase Agreement. The Sponsor and the Company has have executed and delivered to the Sponsors a certain private placement share purchase an agreement, the form of which is filed as an exhibit to the Registration Statement (collectively, the “Private Placement Share Purchase Agreement”), pursuant to which: (i) the SponsorsSponsor, among other things, agreed to purchase an aggregate of 380,892 215,000 Placement Shares (including 331,032 shares to be purchased by Sponsor A and 49,860 shares to be purchased by Sponsor B) in the Private Placement (and up to an additional 36,000 12,000 Additional Placement Shares in the Additional Private Placement if the Over-allotment Option is exercised in full). All ; pursuant to the Private Placement Share Purchase Agreement, all of the proceeds from the sale of the Placement Shares and Additional Placement Shares, if any, will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.

Appears in 2 contracts

Samples: Underwriting Agreement (TradeUP Global Corp), Underwriting Agreement (TradeUP Global Corp)

AutoNDA by SimpleDocs

Private Placement Share Purchase Agreement. The Sponsor and the Company has have executed and delivered to the Sponsors a certain private placement share purchase an agreement, the form of which is filed as an exhibit to the Registration Statement (collectively, the “Private Placement Share Purchase Agreement”), pursuant to which: (i) the SponsorsSponsor, among other things, agreed to purchase an aggregate of 380,892 320,000 Placement Shares (including 331,032 shares to be purchased by Sponsor A and 49,860 shares to be purchased by Sponsor B) in the Private Placement (and up to an additional 36,000 26,400 Additional Placement Shares in the Additional Private Placement if the Over-allotment Option is exercised in full). All ; pursuant to the Private Placement Share Purchase Agreement, all of the proceeds from the sale of the Placement Shares and Additional Placement Shares, if any, will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.

Appears in 1 contract

Samples: Underwriting Agreement (TradeUP 88 Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!