Sponsor Private Placement Units definition

Sponsor Private Placement Units shall have the meaning given in the Recitals hereto.
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Sponsor Private Placement Units simultaneously with the closing of the Offering (and the closing of the Over-allotment Option, if applicable), each Sponsor Private Placement Unit comprised of one Ordinary Share and one-half of one Ordinary Share for $11.50 per whole share; and
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Sponsor Private Placement Units means the 650,000 units each consisting of consisting of one share of Company Common Stock and three- fourths of one warrant to purchase one share of Company Common Stock, which were issued to the Sponsor pursuant to a unit purchase agreement dated May 13, 2020, by and between the Company and the Sponsor, immediately prior to our initial public offering on May 13, 2020.
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Examples of Sponsor Private Placement Units in a sentence

  • At least one Business Day prior to the Time of Purchase, the Sponsor shall have caused the purchase price for the Sponsor Private Placement Units to be wired to the Company and the Company shall direct the trustee to deposit such funds, into the Trust Account and to hold such funds in escrow therein.


More Definitions of Sponsor Private Placement Units

Sponsor Private Placement Units means the units purchased by the Sponsor pursuant to that certain Unit Subscription Agreement, by and between the Company and the Sponsor, dated as of November 7, 2019, each unit consisting of one share of Class A Common Stock and one-half of one warrant to purchase one share of Class A Common Stock.
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Sponsor Private Placement Units shall have the meaning given in the Recitals hereto. “Sponsor Private Placement Unit Subscription Agreement” shall have the meaning given in the Recitals hereto.
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Related to Sponsor Private Placement Units

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

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Private Placement Warrants 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.

  • Private Placement Transaction means a “limited offering” as defined from time to time in Rule 17j-l under the 1940 Act or any applicable successor provision. Currently, this means an offering exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) or 4(6) or Rule 504, 505 or 506 under that Act, including hedge funds.

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

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

  • Initial Shares means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities and (ii) one-third of the number of issued and outstanding shares of Common Stock that are held by non-affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement.

  • Private Placement Memorandum means offering materials prepared in accordance with Section 4 (including materials referred to therein or incorporated by reference therein, if any) provided to purchasers and prospective purchasers of the Notes, and shall include amendments and supplements thereto which may be prepared from time to time in accordance with this Agreement (other than any amendment or supplement that has been completely superseded by a later amendment or supplement).

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Company Securities has the meaning set forth in Section 3.02(b)(ii).