Private Placement Rights definition

Private Placement Rights shall have the meaning given in the Recitals hereto.
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Private Placement Rights are to the rights included in the Private Placement Units.
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Private Placement Rights means the 394,000 rights to receive two-tenths (2/10) of one ordinary share issued by the Company that were part of the Private Placement Units which (i) subsequently converted into a right to receive two-tenths (2/10) of a share of Common Stock in connection with the Domestication and in accordance with the Merger Agreement and (ii) were automatically converted into whole shares of Common Stock at the Closing.
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Examples of Private Placement Rights in a sentence

  • The form of certificates for the Private Placement Units and their component Private Placement Shares and Private Placement Rights conform to the corporate law of the jurisdiction of the Company’s incorporation and applicable securities laws.

  • The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon conversion of the Rights and the Private Placement Rights outstanding from time to time.

  • The Company has duly authorized the issuance and sale of the Private Placement Units, including the Private Placement Shares, the Private Placement Warrants and the Private Placement Rights included in the Private Placement Units, and, subject to proper exercise of the Private Placement Warrants and against payment therefor or upon conversion of the Private Placement Rights, the Shares underlying such Private Placement Warrants and Private Placement Rights, to the Purchaser.

  • Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement and Rights Agreement, the Private Placement Shares included in the Private Placement Units and the Shares issuable upon exercise of the Private Placement Warrants or in connection with the Private Placement Rights will be duly and validly issued, fully paid and nonassessable.

  • The Ordinary Shares issuable upon conversion of the Private Placement Rights have been reserved for issuance and, when issued and paid for in accordance with the terms of the Private Placement Rights, will be duly and validly authorized, validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders.

  • Upon issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement, the Rights Agreement and this Agreement, the Private Placement Units, including the Private Placement Warrants and 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 the Closing Date.

  • On the date of issuance of the Private Placement Units, the Private Placement Shares and the Shares issuable upon exercise of the Private Placement Warrants and in connection with the Private Placement Rights shall have been reserved for issuance.

  • The Private Placement Units and their component Private Placement Shares and Private Placement Rights conform in all material respects to the descriptions thereof contained in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus, as the case may be.

  • In addition, the Private Placement Rights may not be exchanged for shares more than five (5) years from the Effective Date.

  • None of the Private Placement Units (including any Ordinary Shares underlying the Private Placement Units (the “Private Placement Shares”), any Rights underlying the Private Placement Units (the “Private Placement Rights”) and any Ordinary Shares underlying the Private Placement Rights) may be sold, assigned or transferred by the Sponsor or its permitted transferees until thirty (30) days after consummation of a Business Combination.


More Definitions of Private Placement Rights

Private Placement Rights are to the rights included in the Placement Units entitling the holder thereof to receive one-tenth (1/10) of one Class A Share upon consummation of our initial business combination, subject to adjustment as described in the Company’s prospectus.
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Private Placement Rights means the rights underlying the Private Placement Units, each right convertible into one-tenth (1/10) of one Greenland Share upon the consummation of a business combination.
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Related to Private Placement Rights

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.

  • Private Placement Units shall have the meaning given in the Recitals hereto.

  • Private Placement (or “limited offering”) means an offering that is exempt from registration under the 1933 Act pursuant to Section 4(2) or Section 4(6) of the 1933 Act or pursuant to rule 504, rule 505 or rule 506 under the 1933 Act.

  • Private Placement Lock-up Period means, with respect to Private Placement Warrants that are held by the initial purchasers of such Private Placement Warrants or their Permitted Transferees, and any of the Ordinary Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants and that are held by the initial purchasers of the Private Placement Warrants or their Permitted Transferees, the period ending 30 days after the completion of the Company’s initial Business Combination.

  • Private Placement Transaction means a “limited offering” as defined from time to time in Rule 17j-l under the 1940 Act or any applicable successor provision. Currently, this means an offering exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) or 4(6) or Rule 504, 505 or 506 under that Act, including hedge funds.

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Private Placement Memorandum means offering materials prepared in accordance with Section 4 (including materials referred to therein or incorporated by reference therein, if any) provided to purchasers and prospective purchasers of the Notes, and shall include amendments and supplements thereto which may be prepared from time to time in accordance with this Agreement (other than any amendment or supplement that has been completely superseded by a later amendment or supplement).

  • CHESS Approved Securities means securities of the Company for which CHESS approval has been given in accordance with the ASX Settlement Operating Rules;

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Series C Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to three (3) years, in the form of Exhibit C attached hereto.