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.

  • The undersigned will escrow all of the Insider Units, subject to the terms of a Securities Escrow Agreement which the Company will enter into with the undersigned and an escrow agent acceptable to the Company.

  • The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account and any remaining net assets of the Company as a result of such liquidation with respect to his Insider Shares and shares underlying the Insider Units (“Claim”) and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any Green Power Enterprises, Inc.

  • 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.

  • If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all Insider Shares owned by him (including those included within the Insider Units) in accordance with the majority of the votes cast by the holders of the IPO Shares.

  • 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.

  • In case of such stores having been issued from SBI stores and returned by the contractor to stores, credit shall be given to him at the rates not exceeding those at which were originally issued to the contractor after taking into considerations and deductio n for claims on account of any deterioration or damage while in the custody of the contractor and in his respect the deci sion of Architect /consultant/SBI shall be final.

  • 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").

  • The undersigned hereby agrees that the Company shall be entitled to a reimbursement from the undersigned for any distribution of the Trust Account received by the undersigned in respect of its Founder Shares and 500,000 shares of Common Stock included in 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 the 1,125,000 units purchased by Excel in the private placement.
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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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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.

  • 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 a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

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

  • Offering Shares means the Class A Shares sold in the Offering, whether such Class A Shares were purchased in the Offering or in the secondary market following the Offering and whether or not such holders are affiliates of the Sponsor.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

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

  • Unit Shares means the Common Shares comprising part of the Units;

  • 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 the Company's Class A 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 means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • 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.

  • Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Other Stockholders means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their securities in certain registrations hereunder.