Examples of Public Warrant Shares in a sentence
With respect to the Public Warrants, a Cash Exercise in accordance with this Section 3.3.1 is available to the Registered Holder only during such times that there is an effective registration statement registering the Public Warrant Shares, with the prospectus contained therein being available for the resale of the Public Warrant Shares.
The Company authorizes the Underwriter and dealers to use the Prospectus in connection with the sale of the Offered Securities and the Public Warrant Shares, for such period as, in the opinion of counsel for the Underwriter, delivery of the Prospectus is required to comply with the applicable provisions of the Act and the Rules and Regulations.
Notwithstanding anything else in this Section 6, no Warrant may be exercised unless at the time of exercise (A) a registration statement covering the Public Warrant Shares to be issued upon exercise of the Warrants is effective under the Securities Act and (B) a prospectus thereunder relating to the Public Warrant Shares is current.
The Company shall use its best efforts to have a registration statement in effect covering Public Warrant Shares issuable upon exercise of the Warrants from the date the Warrants become exercisable and to maintain a current prospectus relating to those Public Warrant Shares until the Warrants expire or are redeemed.
For avoidance of doubt, if and when the Public Warrants become redeemable by the Company under this Section, the Company may exercise its redemption right, even if it is unable to register or qualify the Public Warrant Shares for sale under all applicable state securities laws.
We will not receive the proceeds from the resale of the Private Warrant Shares or the Public Warrant Shares hereunder; however, we will receive the proceeds from any exercise of the Private Warrants and the Public Warrants.
For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 5.2, upon the occurrence of any Dilutive Issuance, the Holder is entitled to receive a number of Public Warrant Shares based upon the Base Share Price regardless of whether the Holder accurately refers to the Base Share Price in the Notice of Exercise.
The Company will treat an exercising Holder as a beneficial owner of the Public Warrant Shares as of the Exercise Date, except that, if the Exercise Date is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the open of business on the next succeeding date on which the stock transfer books are open.
No fractional Public Warrant Shares will be issued upon the exercise of the Public Warrant.
It is the option of each employer to implement a program that goes beyond the regulatory minimum.