Over-Allotment Option definition

Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

Over-Allotment Option shall have the meaning ascribed to such term in Section 2.2.

Over-Allotment Option means the over-allotment option granted to the Underwriters by the Partnership pursuant to the Underwriting Agreement.

Examples of Over-Allotment Option in a sentence

• Upon exercise of the Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.

• The Over-allotment Option granted pursuant to Section 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Units within 45 days after the effective date (“Effective Date”) of the Registration Statement (as defined in Section 2.1.1 hereof).

• The Over-allotment Option is exercisable, at the Underwriter’s sole discretion, for Option Shares and Option Warrants together, solely Option Shares, solely Option Warrants, or any combination thereof (each, an “Option Security” and collectively, the “Option Securities”).

• In the event that the Over-allotment Option is not exercised in full, the Sponsor will be required to forfeit such number of Founder Shares (up to 984,375 Founder Shares) such that the Founder Shares then outstanding will comprise approximately 23.81%of the issued and outstanding shares of the Company after giving effect to the Offering and exercise, if any, of the Over-allotment Option.

• The Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option.

More Definitions of Over-Allotment Option

Over-Allotment Option has the meaning given to it in the second paragraph of this Agreement;

Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15% of the units sold in the IPO at a price equal to $10.00 per unit, less underwriting discounts and commissions.

Over-Allotment Option means a right granted to one or more underwriters by an issuer or a selling securityholder of the issuer in connection with the distribution of securities under a prospectus to acquire, for the purposes of covering the underwriter’s over-allocation position, a security of an issuer that has the same designation and attributes as a security that is distributed under such prospectus, and which

Over-Allotment Option has the meaning assigned to such term in the Partnership Agreement.

Over-Allotment Option means the over-allotment option granted to the IPO Underwriters by the Partnership pursuant to the IPO Underwriting Agreement.

Over-Allotment Option is defined in the recitals to this Agreement.

Over-Allotment Option has the meaning given to it above;