Private Warrants and Working Capital Warrants. The Private Warrants and the Working Capital Warrants will be issued in the same form as the Public Warrants except that (i) they will be exercisable either for cash or on a cashless basis pursuant to Section 3.3 but at the holder’s option and (ii) they will not be redeemable by the Company, in either case as long as the Private Warrants and the Working Capital Warrants are held by the initial purchasers or any of their permitted transferees (as prescribed in the Subscription Agreement). Once a Private Warrant or Working Capital Warrant is transferred to a holder other than a permitted transferee, it shall be treated as a Public Warrant hereunder for all purposes.
Appears in 4 contracts
Samples: Warrant Agreement (Galileo Acquisition Corp.), Warrant Agreement (Galileo Acquisition Corp.), Warrant Agreement (Twelve Seas Investment Co)
