Common use of Working Capital Clause in Contracts

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 of the proceeds from the sale of the Firm Units, the Option Units, if any, and Private Placement Units will be released to the Company to fund the working capital requirements of the Company.

Appears in 3 contracts

Samples: Underwriting Agreement (Western Acquisition Ventures Corp.), Underwriting Agreement (Western Acquisition Ventures Corp.), Underwriting Agreement (Western Acquisition Ventures Corp.)

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Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 1,705,000 of the net proceeds from the sale of the Firm Units and Private Units, and up to an additional $500,000 of the net proceeds from the sale of the Option UnitsUnits and additional Private Units if the Over-Allotment Option is exercised in full, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 3 contracts

Samples: Underwriting Agreement (GigCapital2, Inc.), Underwriting Agreement (GigCapital2, Inc.), Underwriting Agreement (GigCapital2, Inc.)

Working Capital. Upon consummation of the Offering, it is intended that approximately at least $2,610,000 1,200,000 of the net proceeds from the sale of the Firm Units, the Option Units, if any, Units and Private Placement Units (or $1,080,000 if the Over-allotment Option is exercised in full) will be released to the Company and held outside of the Trust Account to fund the working capital requirements of the CompanyCompany as described in the Prospectus.

Appears in 3 contracts

Samples: Underwriting Agreement (IB Acquisition Corp.), Underwriting Agreement (IB Acquisition Corp.), Underwriting Agreement (IB Acquisition Corp.)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 1,000,000 of the proceeds from the sale of the Firm Units, the Option Units, if any, Units and Private Placement Units Warrants (or $400,000 if the Over-Allotment Option is exercised in full) will be released to the Company to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (LIV Capital Acquisition Corp. II), Underwriting Agreement (LIV Capital Acquisition Corp. II)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 2,500,000 of the net proceeds from the sale of the Firm Units and Private Units, or, if the Over-Allotment Option is exercised in full, $2,440,000 of the net proceeds from the sale of the Option Units and Private Units, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (GigCapital3, Inc.), Underwriting Agreement (GigCapital3, Inc.)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 830,000 of the net proceeds from the sale of the Firm Units and Private Units, or, if the Over-Allotment Option is exercised in full, $530,000 of the net proceeds from the sale of the Option Units and Private Units, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (GigCapital5, Inc.), Underwriting Agreement (GigCapital5, Inc.)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 2,075,000 of the net proceeds from the sale of the Firm Units and Private Units, or, if the Over-Allotment Option is exercised in full, $1,625,000 of the net proceeds from the sale of the Option Units and Private Units, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (GigInternational1, Inc.), Underwriting Agreement (GigInternational1, Inc.)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 3,045,000 of the net proceeds from the sale of the Firm Units and Private Units, or, if the Over-Allotment Option is exercised in full, $3,257,500 of the net proceeds from the sale of the Option Units and Private Units, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (GigCapital5, Inc.), Underwriting Agreement (GigCapital6, Inc.)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 500,000 (or $575,000 if the Over-allotment Option is exercised in full) of the net proceeds from the sale of the Firm Units, the Option Units, if any, Units and Private Placement Units Warrants will be released to the Company and held outside of the Trust Account to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (FoxWayne Enterprises Acquisition Corp.), FoxWayne Enterprises Acquisition Corp.

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Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 650,000 (or $747,500 if the Over-allotment Option is exercised in full) of the net proceeds from the sale of the Firm Units, the Option Units, if any, Units and Private Placement Units will be released to the Company and held outside of the Trust Account to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (Global Consumer Acquisition Corp), Underwriting Agreement (Global Consumer Acquisition Corp)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 1,934,790 of the net proceeds from the sale of the Firm Units and Private Units, or, if the Over-Allotment Option is exercised in full, $1,790,000 of the net proceeds from the sale of the Option Units and Private Units, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (GigCapital3, Inc.), Underwriting Agreement (GigCapital3, Inc.)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 450,000 (or $800,000 if the Over-allotment Option is exercised in full) of the proceeds from the sale of the Firm Units, the Option Units, if any, Units and Private Placement Sponsor Units will be released to the Company to fund the working capital requirements of the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (Cambridge Capital Acquisition Corp), Underwriting Agreement (Cambridge Capital Acquisition Corp)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 2,180,000 of the net proceeds from the sale of the Firm Units and Private Units, or, if the Over-Allotment Option is exercised in full, $2,030,000 of the net proceeds from the sale of the Option Units and Private Units, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 1 contract

Samples: Underwriting Agreement (GigCapital5, Inc.)

Working Capital. Upon consummation of the Offering, it is intended that approximately $2,610,000 2,850,000 of the net proceeds from the sale of the Firm Units and Private Units, or, if the Over-Allotment Option is exercised in full, $2,765,000 of the net proceeds from the sale of the Option Units and Private Units, if any, and Private Placement Units will shall be released to the Company to fund the working capital requirements of the Company.

Appears in 1 contract

Samples: Underwriting Agreement (GigCapital4, Inc.)

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