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

  • Except in connection with a conversion of Private Placement Warrants into Public Warrants in accordance with Section 5.7 or a transfer to Permitted Transferees in accordance with Section 2.6 hereof, the Private Placement Warrants may not be transferred, assigned, sold or exchanged, either individually or together with the Sponsor Private Placement Units in which such Warrant is included.


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 (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.

  • 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).