Insider Units definition

Insider Units means the units to be purchased in the Private Placement to occur no less than one business day prior to the IPO.
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Insider Units means the units of the Company offered pursuant to the Insider Private Placement at a price of $0.05 per Insider Unit, each Insider Unit consisting of one Common Share and one Insider Warrant;
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Insider Units means the units, each consisting of one share of Common Stock and two warrants each to purchase one share of Common Stock, being sold privately to one of the Company’s initial stockholders upon consummation of the Company’s initial public offering.
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Examples of Insider Units in a sentence

  • The consummation of the purchase and issuance of the Insider Units shall occur simultaneously with the consummation of the IPO.

  • Each of the Corporation and the undersigned acknowledges and agrees that GM is serving hereunder solely as a convenience to the parties to facilitate the purchase of the Insider Units and GM’s sole obligation under this letter agreement is to act with respect to holding and disbursing the Purchase Price for the Insider Units as described above.

  • The Company has entered into a warrant agreement with respect to the Warrants, the Warrants underlying the Insider Units (the "Insider Warrants," and together with the Insider Units and the Common Stock underlying such Insider Units, the "Insider Securities") and the Representative's Warrants with Continental Stock Transfer & Trust Company substantially in the form annexed as Exhibit 4.5 to the Registration Statement ("Warrant Agreement").

  • Certain of the Company's stockholders immediately prior to the Offering (all of which stockholders are referred to as the "Initial Stockholders") and/or their affiliates (such individuals being referred to as the "Unit Purchasers"), have committed to purchase an aggregate of 116,667 Units ("Insider Units") at $6.00 per Unit (for an aggregate purchase price of $700,002) from the Company upon consummation of the Offering.

  • On the Closing Date, the Unit Purchasers shall have purchased the Insider Units and the purchase price for such Insider Units shall be deposited into the Trust Fund.

  • The Company has entered into the Subscription Agreement substantially in the form annexed as Exhibit 10.10 to the Registration Statement with the Unit Purchaser to purchase the Insider Units.

  • Each of the Company and the undersigned acknowledges and agrees that GM is serving hereunder solely as a convenience to the parties to facilitate the purchase of the Insider Units and GM’s sole obligation under this letter agreement is to act with respect to holding and disbursing the Purchase Price for the Insider Units as described above.

  • Pursuant to the Subscription Agreement, the Insider Unit Purchaser shall place the purchase price for the Insider Units in escrow prior to the consummation of the Offering.

  • On the Closing Date, the Insider Unit Purchaser shall have purchased the Insider Units and the purchase price for such Insider Units shall be deposited into the Trust Fund.

  • The Company has entered into the Subscription Agreement substantially in the form annexed as Exhibit 10.15 to the Registration Statement with the Insider Unit Purchaser to purchase the Insider Units.


More Definitions of Insider Units

Insider Units means the units being purchased privately by certain of the Investors simultaneously with the consummation of the Company’s initial public offering.
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Insider Units means 130,000 Units being purchased by Harbor Healthcare Holding LLC and 20,000 Units being purchased by Moreco Partners LLC in a private placement immediately prior to the consummation of the Company's initial public offering.
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Insider Units means the 1,125,000 units purchased by Excel in the private placement.
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Related to Insider Units

  • Insider Shares means all shares of Common Stock of the Company owned by an Insider immediately prior to the Company’s IPO. For the avoidance of doubt, Insider Shares shall not include any IPO Shares purchased by Insiders in connection with or subsequent to the Company’s IPO.

  • Insider Warrants is defined in the preamble to this Agreement.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Common Units is defined in the Partnership Agreement.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Company Units has the meaning set forth in the Recitals.

  • Placement Units shall have the meaning given in the Recitals hereto.

  • Offering Shares means the shares of Common Stock included in the Units issued pursuant to this Agreement and Investor Warrant Shares.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Participating Shares means shares that entitle their holders to participate without limitation in distributions.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Sponsors’ Warrants means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • Class B Units means the Class B Units of the Company.

  • Primary Shares means at any time the authorized but unissued shares of Common Stock or shares of Common Stock held by the Company in its treasury.

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement;

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.