Common use of Terms of the Placement Units Clause in Contracts

Terms of the Placement Units. The Placement Units shall be substantially identical to the Units offered in the IPO except that the Placement Units (including the Placement Shares and Placement Warrants comprising such units and the Warrant Shares) (i) will be subject to the transfer restrictions described in Section 7 hereof; (ii) will be entitled to registration rights and (iii) with respect to the Placement Warrants, may not be exercisable more than five years from the commencement of sales in the IPO in accordance with FINRA Rule 5110(g)(8).

Appears in 5 contracts

Samples: Private Placement Units Purchase Agreement (Aldel Financial II Inc.), Private Placement Units Purchase Agreement (Aldel Financial II Inc.), Private Placement Units Purchase Agreement (Andretti Acquisition Corp. II)

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Terms of the Placement Units. The Placement Units shall be substantially identical to the Units offered in the IPO except that the Placement Units (including the Placement Shares and Placement Warrants Private Share Rights comprising such units and the Warrant Sharesunits) (i) will be subject to the transfer restrictions described in Section 7 hereof; (ii) will be entitled to registration rights and (iii) with respect to the Placement Warrants, may not be exercisable more than five years from the commencement of sales in the IPO in accordance with FINRA Rule 5110(g)(8)rights.

Appears in 2 contracts

Samples: Private Placement Units Purchase Agreement (K&f Growth Acquisition Corp. Ii), Private Placement Units Purchase Agreement (K&f Growth Acquisition Corp. Ii)

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