Common use of Redemption of Public Warrants Clause in Contracts

Redemption of Public Warrants. for when the price per share of Ordinary Shares equals or exceeds $18.00. Not less than all of the outstanding Public Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Public Warrants, as described in Section 6.2 below, at the price (the “Redemption Price”) of $0.01 per Public Warrant, provided that the last reported sales price of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading- day period ending on the third Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) issuable upon exercise of the Public Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below) or the Company has elected to require the exercise of the Public Warrants on a “cashless basis” pursuant to subsection 3.3.1.

Appears in 3 contracts

Samples: Warrant Agreement (Kensington Capital Acquisition Corp. IV), Warrant Agreement (Kensington Capital Acquisition Corp. IV), Warrant Agreement (Kensington Capital Acquisition Corp. IV)

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Redemption of Public Warrants. for when the price per share of Ordinary Shares equals or exceeds $18.00. Not less than all of the outstanding Public Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Public Warrants, as described in Section 6.2 below, at the price (the “Redemption Price”) of $0.01 per Public Warrant, provided that the last reported sales price of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading- trading-day period ending on the third Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) issuable upon exercise of the Public Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below) or the Company has elected to require the exercise of the Public Warrants on a “cashless basis” pursuant to subsection 3.3.1.

Appears in 3 contracts

Samples: Warrant Agreement (Kensington Capital Acquisition Corp. V), Warrant Agreement (Kensington Capital Acquisition Corp. V), Warrant Agreement (Kensington Capital Acquisition Corp. V)

Redemption of Public Warrants. for when the price per share of Ordinary Shares equals or exceeds $18.00. Not less than all of the outstanding Public Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Public Warrants, as described in Section 6.2 below, at the price of $0.01 per Public Warrant (the “Redemption Price”) of $0.01 per Public Warrant), provided that the reported last reported sales price of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof) (the “Redemption Trigger Price”), on each of twenty (20) trading days within the thirty (30) trading- trading-day period ending on the third Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) issuable upon exercise of the Public Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below) or the Company has elected to require the exercise of the Public Warrants on a “cashless basis” pursuant to subsection 3.3.1; provided, however, that if and when the Public Warrants become redeemable by the Company, the Company may not exercise such redemption right if the issuance of Ordinary Shares upon exercise of the Public Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.

Appears in 3 contracts

Samples: Warrant Agreement (ClimateRock), Warrant Agreement (ClimateRock), Warrant Agreement (ClimateRock)

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Redemption of Public Warrants. for when the price per share of Ordinary Shares equals or exceeds $18.00. Not Subject to Section 6.4 hereof, not less than all of the outstanding Public Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expirationduring the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Public Warrants, as described in Section 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”) of $0.01 per Public Warrant), provided that the reported last reported sales price of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) reported Class A Common Stock has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof) (the “Redemption Trigger Price”), on each of any twenty (20) trading days within the thirty (30) trading- trading-day period ending on the third Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the issuance of the Ordinary Shares (or security other than Ordinary Shares into which the Ordinary Shares have been converted or exchanged for in the event that the Company is not the surviving company in its initial Business Combination) shares of Class A Common Stock issuable upon exercise of the Public Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below) or the Company has elected to require the exercise of the Public Warrants on a “cashless basis” pursuant to subsection 3.3.13.3.1(b) hereof; provided, however, that if and when the Public Warrants become redeemable by the Company, the Company may not exercise such redemption right if the issuance of shares of Class A Common Stock upon exercise of the Public Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.

Appears in 2 contracts

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

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