Placement Warrant definition

Placement Warrant or “Placement Warrants” shall have the meaning given in the Recitals hereto.

Placement Warrant means a part or full entitlement to receive a warrant to purchase a Goldbelt Share on such terms as Goldbelt may at its discretion deem appropriate;

Placement Warrant means the warrants purchased by certain of the Insiders in a private placement immediately prior to the consummation of the IPO; and (viii) “Public Shareholders” shall mean the shareholders that purchased shares of the Company’s Common Stock, that form a part of the Units, in the IPO.

Examples of Placement Warrant in a sentence

• Each Placement Warrant shall have the terms set forth in the Warrant Agreement.

• The Purchaser has agreed to purchase an aggregate of 3,805,555 warrants (or 4,007,222 warrants if the over-allotment option in connection with the Public Offering is exercised in full) (the “Private Placement Warrants”), each Private Placement Warrant entitling the holder to purchase one Ordinary Share at an exercise price of $11.50 per Share.

• In the event that the Warrant is a Private Placement Warrant or a Working Capital Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement.

• Upon issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement and this Agreement, the Private Placement Units, the Private Placement Shares and Private Placement Warrants comprising such units, and Private Placement Warrant Shares will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date.

• Each whole Placement Warrant is exercisable to purchase one Class A Ordinary Share (a “Warrant Share”) at an exercise price of $11.50.

• The Purchaser has agreed to purchase an aggregate of 4,500,000 warrants (including if the over-allotment option in connection with the Public Offering is exercised in full) (the “Private Placement Warrants”), each Private Placement Warrant entitling the holder to purchase one Ordinary Share at an exercise price of $11.50 per Share.