Warrant Attributes. The Placement Warrants shall have the same terms and be in the same form as the Public Warrants except that if held by the original holders or their permitted assigns, they (i) may be exercised for cash or on a cashless basis; (ii) are not subject to being called for redemption; and (iii) with respect to the Placement Warrants being purchased by the Underwriters, will expire five (5) years from the effective date of the Registration Statement, or earlier upon redemption or liquidation. In addition, the Placement Warrants will be held in escrow until thirty (30) days following the consummation of the Company’s initial business combination, as more fully described in the Registration Statement (a “Business Combination”).
Appears in 4 contracts
Samples: Warrant Agreement (Arcade China Acquisition Corp), Warrant Agreement (Arcade China Acquisition Corp), Warrant Agreement (Arcade China Acquisition Corp)
