Sponsor Loan Warrants shall have the meaning given in the Recitals hereto.
Sponsor Loan Warrants means warrants issuable to the Sponsor upon conversion of up to $250,000 in working capital loans provided by the Sponsor to the Corporation to finance transaction costs in connection with the initial Business Combination.
Sponsor Loan Warrants is defined in the recitals to this Agreement.
Examples of Sponsor Loan Warrants in a sentence
The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon exercise of the Warrants, Placement Warrants and Sponsor Loan Warrants outstanding from time to time.
The shares of Common Stock issuable upon exercise of the Sponsor Loan Warrants have been reserved for issuance and upon the exercise of the applicable Sponsor Loan Warrants and upon payment of the consideration therefor, and when issued in accordance with the terms thereof, such shares of Common Stock will be duly and validly authorized, validly issued, fully paid and non-assessable.
The Company has entered into a warrant agreement with CST with respect to the Warrants underlying the Units, the Placement Warrants, the Sponsor Loan Warrants and certain other warrants that may be issued by the Company substantially in the form filed as an exhibit to the Registration Statement (“Warrant Agreement”).
None of the Sponsor Loan Warrants may be sold, assigned or transferred by the Sponsor or its permitted transferees until thirty (30) days after consummation of the Company’s initial Business Combination.
The holders of the Sponsor Loan Warrants are not and will not be subject to personal liability by reason of being such holders; the Sponsor Loan Warrants are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Sponsor Loan Warrants has been duly and validly taken.
More Definitions of Sponsor Loan Warrants
Sponsor Loan Warrants are to the warrants underlying the Sponsor Loan Units.
Sponsor Loan Warrants means the warrants that may be issued to the Sponsor and Cowen Investments upon conversion of the sponsor loan (as such term is defined in the Prospectus) or to the Sponsor or any of its affiliates or designees upon conversion of any extension loan the Sponsor or its affiliates or designees may make to the Company if the Company extends the period of time it has to complete a Business Combination, as described in the Prospectus; (ix) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; and (x) “Transfer” shall mean the (a) sale or assignment of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b) herein.
Sponsor Loan Warrants means up to 5,175,000 Private Placement Warrants that may be issued in connection with the conversion of loans made by the Sponsor or its affiliates or designees in order to finance the Company’s exercise of one or more of its options to extend the period of time by which it must complete a Business Combination.
Sponsor Loan Warrants means the Warrants to purchase an aggregate of up to 287,500 Ordinary Shares that are included in the Sponsor Loan Units; (xiv) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; (xv) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (xvi) “Charter” shall mean the Company’s memorandum and articles of association, as the same may be amended from time to time.
Sponsor Loan Warrants means the Warrants to purchase an aggregate of up to 207,000 Ordinary Shares that are included in the Sponsor Loan Units; (xiv) “Trust Account” shall mean the trust fund into
Sponsor Loan Warrants means the warrants that may be issued to CB Co-Investment upon conversion of the CB Co-Investment loan (as such term is defined in the Prospectus) or to the Sponsor or any of its affiliates or designees upon conversion of any extension loan the Sponsor or its affiliates or designees may make to the Company if the Company extends the period of time it has to complete a Business Combination, as described in the Prospectus; (vii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering, the sale of the Private Placement Warrants and the CB Co-Investment loan shall be deposited; (viii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); (ix) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time; and (x) “Working Capital Warrants” shall mean the warrants held by the Sponsor, officers or directors of the Company or their affiliates which may be issued in repayment of working capital loans made to the Company.
Sponsor Loan Warrants means the Warrants to purchase up to 345,000 shares of Common Stock comprising the Sponsor Loan Units; (xiii) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; (xiv) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); (xv) “Working Capital Shares” shall mean the up to 150,000 shares of Common Stock comprising the Working Capital Units; (xvi) “Working Capital Units” shall mean up to 150,000 units that may be issued in connection with the conversion of loans made by the Sponsor or certain of the Company’s officers or directors in order to finance the Company’s transaction costs in connection with an initial Business Combination, which units would be identical to the Private Placement Units; and (xvii) “Working Capital Warrants” shall mean the Warrants to purchase up to 112,500 shares of Common Stock comprising the Working Capital Units.