Examples of Transferred Warrants in a sentence
Public Warrants outstanding as of June 28, 2017 37,499,890 warrants.Use of proceeds We are not selling any Private Warrants in this offering and will not receive any of the proceeds from these sales, but we will receive $5.75 per half-share upon the exercise of the Transferred Warrants.
Market for our common stock Our shares of common stock are currently listed on the NASDAQ Capital Market.NASDAQ Capital Market Symbol “TWNKW” for our Public Warrants and Transferred Warrants and “TWNK” for our Class A Common Stock.Risk Factors Any investment in the securities offered hereby is speculative and involves a high degree of risk.
However, we will receive up to an aggregate of approximately $109,250,000 from the exercise of Transferred Warrants, assuming the exercise in full of all of the Transferred Warrants for cash.
We will bear all of the offering expenses other than the underwriting discounts and commissions.Market for our warrants Our Public Warrants are currently listed on the NASDAQ Capital Market and, after resale, our Transferred Warrants will also trade under the same CUSIP and ticker symbol.
We expect to use the net proceeds from the exercise of the Transferred Warrants for general corporate purposes.
There is no assurance that any of the Transferred Warrants will be exercised.
Purchaser is purchasing the Transferred Shares and the Transferred Warrants for its own account for investment only, and not with a view towards a distribution thereof in violation of the Securities Act; provided, that this representation and warranty shall not limit Purchaser’s right to sell the Transferred Shares and the Transferred Warrants in compliance with applicable securities laws.
Sellers are the lawful record and beneficial owner of the Transferred Shares and the Transferred Warrants, own their respective Transferred Shares and the Transferred Warrants free and clear of all Encumbrances whatsoever, except for any Encumbrances created by this Agreement, the Shareholder Agreement and other Organizational Documents of GPSI, the December 29 Warrant and restrictions on transfer under federal and state securities laws.
Purchaser understands that certificates representing the Transferred Shares and the warrant representing the Transferred Warrants will bear legends required under applicable federal and state securities Law and as set forth in the Shareholder Agreement and the December 29 Warrant, as applicable.
Purchaser understands that the Transferred Shares and the Transferred Warrants have not been registered under the Securities Act or the securities or blue sky Laws of any State of the United States or any other jurisdiction.