Warrant Private Placement Proceeds Clause Samples
The 'Warrant Private Placement Proceeds' clause defines how funds raised from the exercise of warrants in a private placement are to be handled or allocated. Typically, this clause specifies that when investors exercise their warrants—rights to purchase additional securities at a set price—the resulting proceeds are directed to the company, often for specific uses such as working capital or project development. By clearly outlining the treatment of these proceeds, the clause ensures transparency in fund allocation and helps prevent disputes over the use of capital raised through warrant exercises.
Warrant Private Placement Proceeds. On or prior to the Closing Date the Company shall have caused the applicable proceeds from the Warrant Private Placement to be deposited in the Trust Account pursuant to the terms of the Purchase Agreements.
Warrant Private Placement Proceeds. On or prior to the Effective Date, the Company shall have deposited $2,250,000 of the proceeds from the Warrant Private Placement to the Placement Investors and $200,000 of the proceeds from the Warrant Private Placement to the Underwriter Warrant Investors in the Trust Account or to Ellenoff ▇▇▇▇▇▇▇▇ & Schole LLP who will transfer such amount to the Trust Account on or prior to the Closing Date and shall provide the Representative with evidence of the same. The Warrant Private Placement shall be consummated on the Closing Date.
Warrant Private Placement Proceeds. On or prior to the Effective Date, the Company shall have deposited the proceeds from the Warrant Private Placement in the Trust Account or to a separate escrow account maintained by Ellenoff ▇▇▇▇▇▇▇▇ & Schole LLP, counsel to the Company (“EGS”), who will transfer such amount to the Trust Account on the Closing Date and shall provide the Representative with evidence of the same. The Representative shall also deposit the proceeds for its portion of the Warrant Private Placement in the Trust Account on or prior to the Closing Date. The Warrant Private Placement shall be consummated on the Closing Date.
Warrant Private Placement Proceeds. On or prior to the Effective Date, the Sponsor shall have deposited the proceeds from the Warrant Private Placement in the Trust Account or to a separate escrow account and shall provide the Representative with evidence of the same. On or prior to the Closing Date and each Option Closing Date, the Company shall have caused the applicable proceeds from the Warrant Private Placement to be deposited in the Trust Account pursuant to the terms of the Warrants Purchase Agreement.
Warrant Private Placement Proceeds. On the Closing Date, the Company shall cause to be deposited $13,420,000 (or $14,995,000 if the Underwriters exercise their over-allotment option in full) of proceeds from the Warrant Private Placement into the Trust Account, or such other amount such that the amount of the funds in the Trust Account shall be $10.20 per Unit sold in the Offering. On the Option Closing Date, if any, the Company shall cause to be deposited an amount of additional proceeds from the additional Private Warrants sold on the Option Closing Date into the Trust Account such that the amount of funds in the Trust Account shall be $10.20 per Unit sold in the Offering.