Common use of Terms of the Placement Warrants Clause in Contracts

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).

Appears in 11 contracts

Samples: Private Placement Warrants Purchase Agreement (Launch Two Acquisition Corp.), Private Placement Warrants Purchase Agreement (HCM II Acquisition Corp.), Private Placement Warrants Purchase Agreement (Launch One Acquisition Corp.)

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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 rights; and (iii) they may not be exercisable more than five years from the commencement of sales in this offering the IPO in accordance with FINRA Rule 5110(g)(8).

Appears in 2 contracts

Samples: Private Placement Warrants Purchase Agreement (Melar Acquisition Corp. I/Cayman), Private Placement Warrants Purchase Agreement (Melar Acquisition Corp. I/Cayman)

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