Redemption of Warrants. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the reported closing price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof) (the “Redemption Trigger Price”), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.
Redemption of Warrants. Subject to Section 6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the closing price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days, within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.
Redemption of Warrants. The Warrants are redeemable by the Company commencing on the second anniversary of the date of the Prospectus (or earlier with the consent of the Underwriter), in whole or in part, on not less than thirty (30) days' prior written notice at a redemption price of $.10 per Warrant, provided the closing bid quotation of the Common Stock as reported on The Nasdaq SmallCap Market, if traded thereon, or if not traded thereon, the closing sale price if listed on a national securities exchange or the Nasdaq National Market (or other reporting system that provides last sale prices), has been in excess of ____% of the Exercise Price for a period of 20 consecutive trading days in any 30 trading day period ending not more than 15 days prior to the date on which the Company gives notice of redemption. Any redemption in part shall be made pro rata to all Warrant holders. The redemption notice shall be mailed to the holders of the Warrants at their respective addresses appearing in the Warrant register. Any such notice mailed in the manner provided herein shall be conclusively presumed to have been duly given in accordance with this Agreement whether or not the registered holder receives such notice. No failure to mail such notice nor any defect therein or in the mailing thereof shall affect the validity of the proceedings for such redemption except as to a registered holder of a Warrant (i) to whom notice was not mailed or (ii) whose notice was defective. An affidavit of the Warrant Agent or the Secretary or Assistant Secretary of the Company that notice of redemption has been mailed shall, in the absence of fraud, be prima facie evidence of the facts stated therein. Holders of the Warrants will have exercise rights until the close of business on the day immediately preceding the date fixed for redemption.
Redemption of Warrants. The Company may call the Warrants for redemption, in whole and not in part, at a price of $.01 per Warrant, upon not less than 30 days’ prior written notice of redemption to each Warrant holder, at any time after such Warrants have become exercisable pursuant to Section 6(a), if, and only if, (i) the Last Reported Sale Price has equaled or exceeded $13.75 per share for any 20 trading days within a 30-trading day period ending on the third Business Day prior to the notice of redemption to Warrant holders and (ii) at all times between the date of such notice of redemption and the redemption date a registration statement is in effect covering the Warrant Shares issuable upon exercise of the Warrants and a current prospectus relating to those Warrant Shares is available. Upon a call for redemption of Warrants by the Company, the Company shall have the right to require all holders of Warrants subject to redemption who exercise such Warrants after the Company’s call for redemption to do so on a cashless basis in accordance with the procedures set forth in Section 6(d). Notwithstanding the foregoing, no Private Warrants shall be redeemable at the option of the Company so long as they are held by the Founding Stockholder or its Permitted Transferees; provided that the fact that one or more Private Warrants are non-redeemable because of the reason described above shall not affect the Company’s right to redeem the Public Warrants and all Private Warrants that are not held by the Founding Stockholder or its Permitted Transferees. Table of Contents
Redemption of Warrants when the price per share of Common Stock equals or exceeds $18.00. Subject to Sections 6.5 and 6.6 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office(s) of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price (the “Redemption Price”) of $0.01 per Warrant, provided that (i) the last sales price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days, within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given and (ii) there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1.
Redemption of Warrants when the price per share of Common Stock equals or exceeds $10.00. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, commencing ninety (90) days after they are first exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at a Redemption Price of $0.10 per Warrant, provided that (i) the last reported sales price of the Common Stock reported has been at least $10.00 per share (subject to adjustment in compliance with Section 4 hereof), on the trading day prior to the date on which notice of the redemption is given, (ii) the Sponsor Warrants are also concurrently called for redemption on the same terms as the outstanding Public Warrants and (iii) there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below). During the Redemption Period in connection with a redemption pursuant to this Section 6.2, Registered Holders of the Warrants may elect to exercise their Warrants on a “cashless basis” pursuant to subsection 3.3.1 and receive a number of shares of Common Stock determined by reference to the table below, based on the Redemption Date (calculated for purposes of the table as the period to expiration of the Warrants) and the “Fair Market Value” (as such term is defined in subsection 3.3.1(b)) (a “Make-Whole Exercise”). Xxxx Xxxxxx Value of shares of Common Stock ($) 59 months 0.236 0.257 0.277 0.295 0.311 0.325 0.338 0.350 0.361 57 months 0.233 0.255 0.275 0.293 0.309 0.324 0.338 0.350 0.361 54 months 0.229 0.251 0.272 0.291 0.307 0.323 0.337 0.350 0.361 51 months 0.225 0.248 0.269 0.288 0.305 0.321 0.336 0.349 0.361 48 months 0.220 0.243 0.265 0.285 0.303 0.320 0.335 0.349 0.361 45 months 0.214 0.239 0.261 0.282 0.301 0.318 0.334 0.348 0.361 42 months 0.208 0.234 0.257 0.278 0.298 0.316 0.333 0.348 0.361 39 months 0.202 0.228 0.252 0.275 0.295 0.314 0.331 0.347 0.361 36 months 0.195 0.222 0.247 0.271 0.292 0.312 0.330 0.346 0.361 33 months 0.187 0.215 0.241 0.266 0.288 0.309 0.328 0.345 0.361 30 months 0.179 0.208 0.235 0.261 0.284 0.306 0.326 0.345 0.361 27 months 0.170 0.199 0.228 0.255 0.280 0.303 0.324 0.343 0.361 24 months 0.159 0.190 0.220 0.248 0.274 0.299 0.322 0.342 0.361 21 months ...
Redemption of Warrants when the price per Ordinary Share equals or exceeds $18.00. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at a Redemption Price of $0.01 per Warrant, provided that (a) the Reference Value equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof) and (b) there is an effective registration statement covering the issuance of the Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below).
Redemption of Warrants. 21 14 Merger or Consolidation or Change of Name of Warrant Agent ............................... 21
Redemption of Warrants. The Warrants are redeemable by the Company at $0.05 per Warrant (the "Redemption Price"), upon 20 days notice, at the discretion of the Company, when the following three conditions have been met: (i) a registration statement has been filed under the Securities Act covering the resale of the Shares, Warrants and the Warrant Shares, and such registration statement is effective, (ii) a public market has developed for the Common Stock, and (iii) the bid price of the Common Stock has closed at $4.50 or higher for ten consecutive trading days. Redemption of the Warrants shall be automatically effective and the Warrants shall be deemed cancelled upon the Company's delivery of the Redemption Price to the Holder in accordance with this Agreement. Upon receipt of the Redemption Price, Holder agrees to return any evidence of the Warrants to the Company.
Redemption of Warrants. This Warrant cannot be redeemed by the Company without the prior written consent of the Holder.
