Warrant Private Placement Proceeds Sample Clauses

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 Xxxxxxxx & 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.
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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 Gxxxxxxx & 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.
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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.
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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 Representatives 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.
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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.
Sample 1

Related to Warrant Private Placement Proceeds

  • Warrant Private Placement Simultaneously with the Closing Date, the Sponsor and the Representative will purchase from the Company pursuant to the Purchase Agreements (as defined in Section 2.21.2 hereof), an aggregate of 12,250,000 warrants (9,750,000 warrants to be purchased by the Sponsor and 2,500,000 warrants to be purchased by the Representative), which warrants are substantially identical to the Warrants, subject to certain exceptions (the “Placement Warrants”) at a purchase price of $1.00 per Placement Warrant in a private placement intended to be exempt from registration under the Act pursuant to Section 4(a)(2) of the Act. Simultaneously with the Option Closing Date (if any), the Sponsor will purchase from the Company pursuant to the Sponsor Purchase Agreement, up to an additional 750,000 Placement Warrants, at a purchase price of $1.00 per Placement Warrant in a private placement intended to be exempt from registration under the Act pursuant to Section 4(a)(2) of the Act. The private placement of the Placement Warrants is referred to herein as the “Warrant Private Placement.” None of the Placement Warrants (or underlying Ordinary Shares) may be sold, assigned or transferred by the Sponsor, the Representative or their permitted transferees until thirty (30) days after consummation of a Business Combination. Certain proceeds from the sale of the Placement Warrants shall be deposited into the Trust Account. The Representative acknowledges and agrees that the Placement Warrants and the underlying Ordinary Shares will be deemed compensation by the Financial Industry Regulatory Authority (“FINRA”) and will therefore be subject to lock-up for a period of 180 days immediately following the commencement of sales of the Offering, subject to certain limited exceptions, pursuant to Rule 5110(e)(1) of the FINRA Manual. Accordingly, the Placement Warrants and the underlying Ordinary Shares may not be sold, transferred, assigned, pledged or hypothecated nor may they be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for 180 days immediately following the commencement of sales of the Offering, except to any FINRA member participating in the Offering and the officers, partners, associated persons or affiliates thereof, if all securities so transferred remain subject to the lock-up restriction for the remainder of the time period.

  • Private Placement Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section 3.2, no registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Purchasers as contemplated hereby. The issuance and sale of the Securities hereunder does not contravene the rules and regulations of the Trading Market.

  • Private Placement Number A Private Placement Number issued by Standard & Poor’s CUSIP Service Bureau (in cooperation with the SVO) shall have been obtained for the Notes.

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