Private Units definition

Private Units means (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO and (y) the additional Units that may be purchased in connection with the exercise of the over-allotment option by the underwriters in the IPO as described in the Registration Statement; (vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

Private Units means up to 235,000 Units, 220,000 of which the Sponsor is privately purchasing simultaneously with the consummation of the Company’s IPO and up to 15,000 Units that the Sponsor has agreed to purchase if the underwriters exercise their over-allotment option.

Examples of Private Units in a sentence

• 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.

• Pursuant to the Purchase Agreements, (i) Sponsor has waived any and all rights and claims it may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Private Units and the $15 Exercise Price Warrants, as appliable, and (ii) a portion of the proceeds from the sale of the Private Units will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date, as provided for in the Purchase Agreements.

More Definitions of Private Units

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

Private Units means the up to 461,500 units various Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

Private Units is defined in the preamble to this Agreement.

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

Private Units means (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO, (y) the additional Units that will be purchased in a private placement upon the full or partial exercise of the underwriter’s over-allotment option for the Company’s IPO and (z) Units issued upon conversion of up to $500,000 in working capital loans made to the Company by the Insiders; (vii) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (viii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Company’s IPO will be deposited.

Private Units means 325,000 Units which the Sponsor is privately purchasing simultaneously with the consummation of the Company’s initial public offering.

Private Units means the units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO; (vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Company’s IPO will be deposited.