Common use of Underwriter’s Warrant Clause in Contracts

Underwriter’s Warrant. The Company hereby agrees to issue to the Representative (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven percent (7.0%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] per shares of Common Stock, which is equal to one hundred and twenty percent (120%) of the initial public offering price of a Firm Share.

Appears in 2 contracts

Samples: Lock Up Agreement (Inno Holdings Inc.), Lock Up Agreement (Inno Holdings Inc.)

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Underwriter’s Warrant. The Company hereby agrees to issue to the Representative (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven six percent (7.06.0%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] per shares of Common Stock, which is equal to one hundred and twenty ten percent (120110%) of the initial public offering price of a Firm Share.

Appears in 2 contracts

Samples: Lock Up Agreement (Northann Corp.), Lock Up Agreement (Northann Corp.)

Underwriter’s Warrant. The Company hereby agrees to issue to the Representative (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven two point two five percent (7.02.25%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] 6.25 per shares share of Common Stock, which is equal to one hundred and twenty twenty-five percent (120125%) of the initial public offering price of a Firm Share.

Appears in 1 contract

Samples: Underwriting Agreement (Northann Corp.)

Underwriter’s Warrant. The Company hereby agrees to issue to the Representative Univest Securities, LLC (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven five percent (7.05.0%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] 4 per shares share of Common Stock, which is equal to one hundred and twenty percent (120100%) of the initial public offering price of a Firm Share.

Appears in 1 contract

Samples: Lock Up Agreement (Elevai Labs Inc.)

Underwriter’s Warrant. The Company hereby agrees to issue to the Representative (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven two and a quarter percent (7.02.25%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] per shares of Common Stock, which is equal to one hundred and twenty twenty-five percent (120125%) of the initial public offering price of a Firm Share.

Appears in 1 contract

Samples: Lock Up Agreement (Northann Corp.)

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Underwriter’s Warrant. The Company hereby agrees to issue to the Representative (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven percent (7.0%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] 4.80 per shares of Common Stock, which is equal to one hundred and twenty percent (120%) of the initial public offering price of a Firm Share.

Appears in 1 contract

Samples: Underwriting Agreement (Inno Holdings Inc.)

Underwriter’s Warrant. The Company hereby agrees to issue to the Representative (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven six percent (7.06.0%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] per shares of Common Stock, which is equal to one hundred and twenty twenty-five percent (120125%) of the initial public offering price of a Firm Share.

Appears in 1 contract

Samples: Lock Up Agreement (Northann Corp.)

Underwriter’s Warrant. The Company hereby agrees to issue to the Representative (and/or its designees) on the applicable Closing Date and Option Closing Date (if applicable), Warrants, substantially in the form of Exhibit A attached hereto, to purchase such number of shares of Common Stock equal to seven five percent (7.05.0%) of the Offered Securities sold by the Company (the “Underwriter’s Warrant”), including any shares of Common Stock issued pursuant to the exercise of Over-allotment Option. The Underwriter’s Warrant shall be exercisable, in whole or in part, commencing six months from issuance and expiring on the fifth-year anniversary of the commencement of sale of the Offering at an initial exercise price of $[●] per shares of Common Stock, which is equal to one hundred and twenty percent (120100%) of the initial public offering price of a Firm Share.

Appears in 1 contract

Samples: Lock Up Agreement (Elevai Labs Inc.)

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