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 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 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.

  • 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 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.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • 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.