Terms of the Placement Warrants. The Placement Warrants are substantially identical to the warrants included as part of the Units to be offered in the IPO except that: (i) they are subject to the transfer restrictions described in Section 7 hereof; (ii) they will be entitled to registration rights and (iii) they may not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8).
Terms of the Placement Warrants. (i) Each Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”).
Terms of the Placement Warrants. The Placement Warrants are substantially identical to the warrants included as part of the Units to be offered in the IPO except that: (i) the Placement Warrants are subject to the transfer restrictions described in Section 7 hereof, (ii) the Placement Warrants will be non-redeemable and may be exercisable on a “cashless” basis, as further described in the Warrant Agreement, in each case so long as they continue to be held by the Subscriber or its permitted transferees, and (iii) the Placement Warrants are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after the expiration of the lockup described above in clause (i) and they are registered pursuant to the Registration Rights Agreement or an exemption from registration is available, and the restrictions described above in clause (i) has expired.
Terms of the Placement Warrants. 8.1 Each Placement Warrant shall have the terms set forth in the Warrant Agreement. The Placement Warrants and their component parts are substantially identical to the warrants to be offered in the IPO except that: (i) the Placement Warrants will be subject to transfer restrictions, except in limited circumstances, until 30 days following the consummation of the Business Combination, (ii) the Placement Warrants will be non-redeemable so long as they are held by Subscriber (or any of its permitted transferees), and may be exercisable on a “cashless” basis if held by Subscriber or its permitted transferees, as further described in the Warrant Agreement, and (iii) the Placement Warrants and component parts are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after the expiration of the lockup described above in clause (i) and they are registered pursuant to the Registration Rights Agreement to be signed on or before the date of the final prospectus for the Registration Statement or an exemption from registration is available, and the restrictions described above in clause (i) has expired.
Terms of the Placement Warrants. (i) The Placement Warrants shall have their terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”), except that so long as the Placement Warrants are held by the Purchaser or its designees, the Purchaser or its designees will not be permitted to exercise such Placement Warrants after the five year anniversary of the effective date of the Registration Statement.
Terms of the Placement Warrants. Each Placement Warrant shall have the terms set forth in the Warrant Agreement.
