Examples of Placement Units in a sentence

On the date of issuance of the Private Placement Units, the Private Placement Shares and the Shares issuable upon exchange of the Private Placement Rights shall have been reserved for issuance.
The Company has duly authorized the issuance and sale of the Private Placement Units, including the Private Placement Shares and the Private Placement Rights included in the Private Placement Units, and, subject to proper exchange of the Private Placement Rights, the Shares underlying such Private Placement Rights, to the Purchaser.
Upon issuance in accordance with the terms of the Rights Agreement (as applicable) and this Agreement, the Private Placement Units, including the Private Placement Rights included in the Private Placement Units, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of each Closing Date.
The terms of the Placement Units are as described in the Prospectus (as defined in Section 2.1.1 below).
Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Rights Agreement (as applicable), the Private Placement Shares included in the Private Placement Units and the Shares issuable upon exchange of the Private Placement Rights will be duly and validly issued, fully paid and nonassessable.

More Definitions of Placement Units

Placement Units means the aggregate of 361,000 Units (or up to 376,000 Units depending on the extent to which the underwriters’ over-allotment option is exercised), of the Company (each Placement Unit consists of one Placement Warrant to purchase one Placement Share and one Placement Share) sold in the Private Placement to the Sponsor for a purchase price of $3,610,000 (or up to $3,760,000 depending on the extent to which the underwriters’ over-allotment option is exercised); (vii) “Trust Account” shall mean the trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus” shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of 361,000 Placement Units (or up to 376,000 Placement Units depending on the extent to which the underwriters’ over-allotment option is exercised),to Western Acquisition Ventures Sponsor LLC, a Delaware limited liability company; (x) “Sponsor” shall mean Western Acquisition Ventures Sponsor LLC, a Delaware limited liability company; (xi) “Insiders” shall mean the Sponsor and the undersigned individuals, each of whom is a member of the Company’s board of directors and/or management team; and (y) references to completion of the Offering shall exclude any exercise of the Underwriters’ over-allotment option.

Placement Units means the aggregate of up to 341,500 Units of the Company (each Placement Unit consists of one Placement Warrant, one right to receive one-tenth of one Ordinary Share and one Placement Share) sold in the Private Placement to the Sponsor for an aggregate purchase price of up to $3,415,000; (ix) “Private Placement” shall mean that certain private placement transaction occurring simultaneously with the closing of the Public Offering pursuant to which the Company has agreed to sell an aggregate of up to 341,500 Placement Units to the Sponsor; (x) “Public Shareholders” shall mean the holders of securities issued in the Public Offering; (xi) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering and the sale of the Placement Units (and, if applicable, any extension loan, as described in the prospectus related to the IPO) shall be deposited; (xii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (xiii) “Charter” shall mean the Company’s amended and restated memorandum and articles of association, as the same may be amended from time to time.

Placement Units means 1,133,484 units issued to ARC in the Private Placement (including the additional units purchased after the Digital World IPO in connection with underwriters’ exercise of the over-allotment option to purchase additional securities). Each Placement Unit consisted of one Placement Share and one-half of one Placement Warrant.

Placement Units means 1,150,000 units purchased separately by our Sponsor in the private placement, each placement unit consisting of one placement share and one placement warrant.

Placement Units means the aggregate of 1,400,000 Units of the Company (each Placement Unit consists of one-fourth of a Placement Warrant and one Placement Share) sold in the Private Placement for an aggregate purchase price of $14,000,000; (vii) “Trust Account” shall mean the trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus” shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of 1,400,000 Placement Units to FTAC Zeus Sponsor, LLC, a Delaware limited liability company; (x) “Sponsor” shall mean, collectively, FTAC Zeus Sponsor, LLC, a Delaware limited liability company, and FTAC Zeus Advisors, LLC, a Delaware limited liability company, (xi) “Insiders” shall mean the Sponsor, any holders of Founder Shares, any person who receives Placement Units, Founder Shares or their respective underlying securities as a Permitted Transferee and each officer and director of the Company; and (y) references to completion of the Offering shall exclude any exercise of the Underwriters’ over-allotment option.

Placement Units means the aggregate of 690,000 Units of the Company (each Placement Unit consists of one-fourth of one Placement Warrant and one Placement Share) sold in the Private Placement for a purchase price of $6,900,000; (vii) “Trust Account” shall mean the trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus” shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of 690,000 Placement Units to FinTech Investor Holdings VI, LLC (580,000 Placement Units) and Cantor (110,000 Placement Units); (x) “Sponsor” shall mean, collectively, FinTech Investor Holdings VI, LLC, a Delaware limited liability company, and FinTech Masala Advisors VI, LLC, a Delaware limited liability company; (xi) “Insiders” shall mean the Sponsor, any holders of Founder Shares, any person who receives Placement Units, Founder Shares or their respective underlying securities as a Permitted Transferee and each officer and director of the Company; and (xii) references to completion of the Offering shall exclude any exercise of the Underwriters’ over-allotment option.

Placement Units means the aggregate of up to 891,500 Units of the Company (each Placement Unit consists of one-half of one Placement Warrant and one Placement Share) sold in the Private Placement to the Sponsor, Cantor and CCM for an aggregate purchase price of up to $8,915,000; (vii) “Trust Account” shall mean the trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus” shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of up to 891,500 Placement Units to Phoenix Biotech Sponsor, LLC, a Delaware limited liability company, Cantor and CCM; (x) “Sponsor” shall mean, Phoenix Biotech Sponsor, LLC, a Delaware limited liability company; (xi) “Insiders” shall mean the Sponsor and its members, any holders of Founder Shares, any person who receives Placement Units, Founder Shares or their respective underlying securities as a Permitted Transferee and each officer and director of the Company; and (y) references to completion of the Offering shall exclude any exercise of the Underwriters’ over-allotment option.

Placement Units definition

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