Representative Warrants. The Company hereby agrees to issue to the Representative (and/or its affiliates, employees or third-party designees) on the Closing Date an option (“Representative’s Warrant”) for the purchase of an aggregate of a number of shares of Common Stock representing 5.448545% of the Closing Shares sold on the Closing Date. The Representative’s Warrant, in the form attached hereto as Exhibit C, shall be exercisable, in whole or in part, commencing on the date that is 180 days after the date of this Agreement and expiring on the five (5)-year anniversary of the date of this Agreement at an initial exercise price per share of Common Stock of $0.8125. The Representative’s Warrant and the shares of Common Stock issuable upon exercise thereof (the “Representative Warrant Shares”) are hereinafter referred to together as the “Representative’s Securities.” The Representative understands and agrees that there are significant restrictions pursuant to FINRA Rule 5110 against transferring the Representative’s Warrant and the underlying shares of Common Stock during the one hundred eighty (180) days after this Agreement and by its acceptance thereof shall agree that it will not sell, transfer, assign, pledge or hypothecate the Representative’s Warrant, or any portion thereof, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities for a period of one hundred eighty (180) days following the date of this Agreement to anyone other than (i) an Underwriter or a selected dealer in connection with the Offering or (ii) a bona fide officer, partner, employee or registered representative of the Representative or selected dealer; and only if any such transferee agrees to the foregoing lock-up restrictions.
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Representative Warrants. The Company hereby agrees to shall issue to the Representative (and/or Xxxxxx Xxxxxx & Co., LLC or its affiliates, employees or third-party designees) designees on each of the Closing Date an option and each Option Closing Date, warrants (the “Representative’s WarrantRepresentative Warrants”) for the to purchase of an aggregate of a that number of shares of Common Stock representing 5.448545% equal to five percent (5%) of the aggregate number of shares of Common Stock and shares of Common Stock underlying Firm Pre-Funded Warrants or Option Pre-Funded Warrants, as applicable, issued on each of the Closing Shares sold on the Date and each Option Closing Date. The Representative’s Warrant, Representative Warrants shall be in a customary form reasonably acceptable to the form attached hereto as Exhibit CUnderwriter and the Company, shall be exercisable, in whole or in part, commencing on the date that is 180 days after the date of this Agreement immediately and expiring on the five (5)-year five-year anniversary of the date of this Agreement commencement of sales of the Firm Securities pursuant to the Registration Statement at an initial exercise price per share of Common Stock equal to 110% of $0.8125the price per Firm Share set forth in paragraph one hereof. The Representative’s Warrant and Representative Warrants shall be subject to the shares of Common Stock issuable upon limitation on exercise thereof (the “Representative Warrant Shares”) are hereinafter referred to together as the “Representative’s Securities.” The Representative understands and agrees set forth in FINRA Rule 5110(g)(8); provided, however, that there are significant restrictions pursuant to FINRA Rule 5110 against transferring 5110(e)(1) the Representative’s Warrant and the underlying shares of Common Stock during the one hundred eighty (180) days after this Agreement and by its acceptance thereof Representative Warrants shall agree that it will not sellbe sold, transfertransferred, assignassigned, pledge or hypothecate the Representative’s Warrantpledged, or any portion thereofhypothecated, or be the subject of any hedging, short sale, derivative, put put, or call transaction that would result in the effective economic disposition of such the securities by any person for a period of one hundred eighty (180) 180 days following commencing on the date of this Agreement to anyone other than (i) an Underwriter or a selected dealer sales of the Shares, consistent with FINRA Rule 5110(e)(1), except for the transfers enumerated in connection with FINRA Rule 5110(e)(2). The Representative Warrants and the Offering or (ii) a bona fide officer, partner, employee or registered representative shares of Common Stock issuable upon exercise of the Representative or selected dealer; and only if any such transferee agrees Warrants are hereinafter referred to collectively as the foregoing lock-up restrictions“Representative’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 1.
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Representative Warrants. The Company hereby agrees to issue to the Representative (and/or its affiliates, employees or third-party designees) on the Closing Date an option warrants (“Representative’s WarrantRepresentative Warrants”) for the purchase of an aggregate up to a total of a number of shares of Common Stock 240,000 Class A ordinary shares, representing 5.4485458% of the Closing Shares sold on the Closing Datenumber of Firm Shares. The Representative’s Warrantagreement(s) representing the Representative Warrants, in the form attached hereto as Exhibit CB (the “Representative’s Warrant Agreement”), shall be exercisableexercisable at any time, and from time to time, in whole or in part, commencing on from the date that is 180 days after the date of this Agreement Closing Date and expiring on the five (5)-year five-year anniversary of the date of this Agreement Effective Date at an initial exercise price per share of Common Stock $[●], which is equal to 120% of $0.8125the offering price of the Firm Shares. The Representative’s Warrant Agreement and the shares of Common Stock Ordinary Shares issuable upon exercise thereof (the “Representative Warrant Shares”) are hereinafter referred to together as the “Representative’s Securities.” The Representative understands and agrees that there are significant restrictions pursuant to FINRA Rule 5110 against transferring the Representative’s Warrant Warrants and the underlying shares of Common Stock Warrant Shares during the one hundred eighty (180) days after this Agreement the Effective Date and by its acceptance thereof shall agree that it will not sell, transfer, assign, pledge or hypothecate the Representative’s WarrantWarrants, or any portion thereof, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities for a period of one hundred eighty (180) days following the date of this Agreement Effective Date to anyone other than (i) an Underwriter or a selected dealer in connection with the Offering Offering, or (ii) a bona fide officer, partner, employee officer or registered representative partner of the Representative or of any such Underwriter or selected dealer; and only if any such transferee agrees to the foregoing lock-up restrictions.
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Samples: Underwriting Agreement (Erayak Power Solution Group Inc.)
Representative Warrants. The Company hereby agrees to issue to the Representative (and/or its affiliates, employees or third-party designees) on the Closing Date an option warrants (“Representative’s WarrantRepresentative Warrants”) for the purchase of an aggregate up to a total of a number of shares of Common Stock 120,000 Class A ordinary shares, representing 5.4485454% of the Closing Shares sold on the Closing Datenumber of Firm Shares. The Representative’s Warrantagreement(s) representing the Representative Warrants, in the form attached hereto as Exhibit CB (the “Representative’s Warrant Agreement”), shall be exercisableexercisable at any time, and from time to time, in whole or in part, commencing on from the date that is 180 one hundred eightieth (180th) days after the date commencement of this Agreement sales of the Offering and expiring on the five (5)-year five-year anniversary of the date commencement of this Agreement sales of the Offering at an initial exercise price per share of Common Stock $[●], which is equal to 120% of $0.8125the offering price of the Firm Shares. The Representative’s Warrant Agreement and the shares of Common Stock Ordinary Shares issuable upon exercise thereof (the “Representative Warrant Shares”) are hereinafter referred to together as the “Representative’s Securities.” The Representative understands and agrees that there are significant restrictions pursuant to FINRA Rule 5110 against transferring the Representative’s Warrant Warrants and the underlying shares of Common Stock Warrant Shares during the one hundred eighty (180) days after this Agreement the commencement of sales of the Offering and by its acceptance thereof shall agree that it will not sell, transfer, assign, pledge or hypothecate the Representative’s WarrantWarrants, or any portion thereof, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of such securities for a period of one hundred eighty (180) days following the date commencement of this Agreement sales of the Offering to anyone other than (i) an Underwriter or a selected dealer in connection with the Offering Offering, or (ii) a bona fide officer, partner, employee officer or registered representative partner of the Representative or of any such Underwriter or selected dealer; and only if any such transferee agrees to the foregoing lock-up restrictions.
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Samples: Underwriting Agreement (Erayak Power Solution Group Inc.)
Representative Warrants. The Company hereby agrees to shall issue to the Representative (and/or Xxxxxx Xxxxxx & Co., LLC or its affiliates, employees or third-party designees) designees on each of the Closing Date an option and each Option Closing Date, warrants (the “Representative’s WarrantRepresentative Warrants”) for the to purchase of an aggregate of a that number of shares of Common Stock representing 5.448545% equal to five percent (5%) of the aggregate number of shares of Common Stock and shares of Common Stock underlying Firm Pre-Funded Warrants or Option Pre-Funded Warrants, as applicable, issued on each of the Closing Shares sold on the Date and each Option Closing Date. The Representative’s Warrant, Representative Warrants shall be in a customary form reasonably acceptable to the form attached hereto as Exhibit CUnderwriter and the Company, shall be exercisable, in whole or in part, commencing on the date that is 180 days after the date of this Agreement immediately and expiring on the five (5)-year five-year anniversary of the date of this Agreement commencement of sales of the Firm Securities pursuant to the Registration Statement at an initial exercise price per share of Common Stock equal to 110% of $0.8125the price per Firm Share set forth in paragraph one hereof. The Representative’s Warrant and Representative Warrants shall be subject to the shares of Common Stock issuable upon limitation on exercise thereof (the “Representative Warrant Shares”) are hereinafter referred to together as the “Representative’s Securities.” The Representative understands and agrees set forth in FINRA Rule 5110(g)(8); provided, however, that there are significant restrictions pursuant to FINRA Rule 5110 against transferring 5110(e)(1) the Representative’s Warrant and the underlying shares of Common Stock during the one hundred eighty (180) days after this Agreement and by its acceptance thereof Representative Warrants shall agree that it will not sellbe sold, transfertransferred, assignassigned, pledge or hypothecate the Representative’s Warrantpledged, or any portion thereofhypothecated, or be the subject of any hedging, short sale, derivative, put put, or call transaction that would result in the effective economic disposition of such the securities by any person for a period of one hundred eighty (180) 180 days following commencing on the date of this Agreement to anyone other than (i) an Underwriter or a selected dealer sales of the Shares, consistent with FINRA Rule 5110(e)(1), except for the transfers enumerated in connection with FINRA Rule 5110(e)(2). The Representative Warrants and the Offering or (ii) a bona fide officer, partner, employee or registered representative shares of Common Stock issuable upon exercise of the Representative or selected dealer; and only if any such transferee agrees Warrants are hereinafter referred to collectively as the foregoing lock-up restrictions“Representative’s Securities.” The form of the Representative Warrant is attached hereto as Exhibit 1.
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