Examples of Forward Purchase Warrant in a sentence
Each Forward Purchase Warrant has the same terms as each of the Private Placement Warrants.
This portion of our report considers the FPLI in detail, and the discussion is organized as follows.
Except as provided in S ection 3 below, following the Closing, (a) each Forward Purchase Share shall have the same terms as a Public Share, (b) each Forward Purchase Warrant shall have the same terms as a Public Warrant; and (c) each Forward Purchase Unit shall have the same terms as a Public Unit except that a Forward Purchase Unit shall include only one-sixth of a Warrant.
Each Forward Purchase Warrant is exercisable for one share of the Issuer’s Class A common stock or one share of the Issuer’s Class C common stock at a price of $11.50 per share.
Each Forward Purchase Warrant will have the same terms as each Private Placement Warrant, and will be subject to the terms and conditions of the Warrant Agreement entered into between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, in connection with the IPO on March 7, 2019 (the “ Warrant Agreement”).
Each Forward Purchase Warrant will entitle the holder thereof to purchase one Class A Share at a price of $11.50 per share, subject to adjustment as described in the Warrant Agreement, and only whole Forward Purchase Warrants will be exercisable.
Notwithstanding the foregoing, any Forward Purchase Warrant that his/her/its holder irrevocably committed to exercise and for which exercise has not been accepted by the Company will be redeemed by the Company on the Initial Business Combination Completion Date at a price of €0.01 per Forward Purchase Warrant (see “Description of the Securities—Warrants—Forward Purchase Warrants”).
Additionally, we agreed to issue the Forward Purchase Warrant to purchase 333,333 Class A ordinary shares pursuant to the Amended and Restated Forward Purchase Agreement (together, with the Public Warrants and the Private Placement Warrants, the “$8.63 Warrants”).