Private Placement definition
Examples of Private Placement in a sentence
A portion of the proceeds from the sale of the Private Placement Warrants will be deposited into the Trust Account.
The Company has entered into a warrant agreement with respect to the Warrants underlying the Units, the Private Placement Warrants, the Underwriter Warrants and certain other warrants that may be issued by the Company with Odyssey substantially in the form filed as an exhibit to the Registration Statement (“Warrant Agreement”).
The private placements described in this Section 1.4.2 are referred to herein as the “Private Placements.” Except as described in the Registration Statement, none of the Private Placement Warrants (or Ordinary Shares underlying the Private Placement Warrants) may be sold, assigned or transferred by the Sponsor or its permitted transferees until thirty (30) days after consummation of a Business Combination.
The Ordinary Shares issuable upon exercise of the Private Placement Warrants and upon separation of the Private Units have been reserved for issuance and, when issued in accordance with the terms of the Private Placement Warrants and Private Units will be duly and validly authorized, validly issued and upon payment therefor, fully paid and non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.
Sponsor has executed and delivered agreements, the forms of which are included as exhibits to the Registration Statement (the “Purchase Agreements”), pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Private Placement Securities as provided for in such Purchase Agreements.