Terms of the Private Placement Warrants. (i) Each Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and Continental in connection with the Public Offering (the “Warrant Agreement”). Such terms include the fact that the Private Placement Warrants shall not be transferable, assignable or salable until (x) 30 days after the completion of an initial business combination, subject to certain exceptions set forth in the Warrant Agreement or (y) in compliance with FINRA Rule 5110(e), to the extent such date falls within the 180-day period immediately following commencement of sales of the Offering, after the 180-day period immediately following commencement of sales of the Offering, subject to certain exceptions permitted by FINRA Rule 5110(e)(2).
Appears in 5 contracts
Samples: Private Placement Warrant Purchase Agreement (Seaport Global Acquisition II Corp.), Private Placement Warrant Purchase Agreement (Seaport Global Acquisition II Corp.), Private Placement Warrant Purchase Agreement (Seaport Calibre Materials Acquisition Corp.)
