Parent Unit definition

Parent Unit means a unit of Parent comprised of one Parent Ordinary Share, one Parent Warrant and one Parent Right, including all “private units” described in the Prospectus.

Parent Unit means a Common Unit of Parent as defined in the Parent Partnership Agreement.

Parent Unit means each unit of Parent issued in the IPO composed of (a) one share of Parent Class A Common Stock and (b) one-half (1/2) of one Parent Warrant upon the consummation of an initial business combination pursuant to Parent’s organizational or constituent documents and Parent’s public filings with the SEC.

Examples of Parent Unit in a sentence

• In connection with the consummation of the Merger and pursuant to the terms of the Domesticated Parent Units, immediately prior to the Effective Time without any action on the part of any Person, each Domesticated Parent Unit shall separate automatically into its component Domesticated Parent Common Shares and Domesticated Parent Warrants.

• Each share of Domesticated Parent Common Stock, each Domesticated Parent Right and each Domesticated Parent Unit that is issued and outstanding immediately prior to and at the Effective Time shall remain outstanding immediately following the Effective Time, except to the extent as otherwise provided in the Parent Governing Documents or Rights Agreement (including in respect of automatic conversion of the Domesticated Parent Rights or redemption of the Domesticated Parent Common Stock).

• At the Effective Time, by virtue of the Merger and without any action on the part of any Party or the holders of any of the following securities, each Parent Unit issued and outstanding immediately prior to the Effective Time shall be automatically separated and the holder thereof shall be deemed to hold one (1) share of Parent Class A Common Stock and one-third (1/3) of a Parent Warrant.

More Definitions of Parent Unit

Parent Unit means each unit of Parent issued in the IPO comprised of (a) one share of Parent Common Stock, (b) one warrant to purchase one-half (1/2) of a share of Parent Common Stock at a price of $11.50 per whole share, and (c) one right to receive one-twentieth (1/20) of a share of Parent Common Stock upon the consummation of an initial business combination.

Parent Unit means the units issued in the IPO consisting of one Parent Ordinary Share and one Parent Public Warrant.

Parent Unit means units of Parent consisting of one (1) share of Parent Class A Common Stock and one-fourth (1/4) of one (1) Parent Warrant.

Parent Unit means the units issued in the IPO consisting of one Parent Ordinary Share and one Parent Warrant.

Parent Unit has the meaning set forth in the Section 2.1(a).

Parent Unit means each Parent Private Unit and Parent Public Unit.

Parent Unit means each unit of Parent issued in the IPO consisting of (i) one share of Parent Common Stock, (ii) one warrant to purchase one share of Parent Common Stock at a price of $11.50 per share, and (iii) one Parent Right to receive one-tenth of one share of Parent Common Stock upon consummation of a business combination.