Unit Purchase Option definition

Unit Purchase Option is defined in Section 2.1.4.

Unit Purchase Option and such registrable securities, the “Option Securities”) as to which "piggy-back" registration has been requested by the holders thereof, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (iv) fourth, to the extent that the Maximum Number of Shares have not been reached under the foregoing clauses (i), (ii), and (iii), the Ordinary Shares or other securities for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of Shares.

Unit Purchase Option means the unit purchase option to purchase 750,000 units of the Company issued to EarlyBirdCapital and its designees in connection with the IPO.

Examples of Unit Purchase Option in a sentence

• This Unit Purchase Option (together with the other agreements and documents being delivered pursuant to or in connection with this Unit Purchase Option) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.

• Any such new Unit Purchase Option executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company.

• The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation of any of the terms or provisions of this Unit Purchase Option.

• Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Unit Purchase Option and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver a new Unit Purchase Option of like tenor and date.

• In order to exercise this Unit Purchase Option, the exercise form attached hereto must be duly executed and completed and delivered to the Company, together with this Unit Purchase Option and payment of the Exercise Price for the Units being purchased payable in cash or by certified check or official bank check.

More Definitions of Unit Purchase Option

Unit Purchase Option means the Underwriter’s option to purchase up to 300,000 Units at $11.50 per Unit.

Unit Purchase Option means the unit purchase option to be issued by the Company to PrinceRidge in connection with the Company’s initial public offering.

Unit Purchase Option or “UPO”), and that Holder is entitled, at any time or from time to time commencing on the Sales Commencement Date, which shall be the effective date (the “Effective Date”) of the Company’s registration statement on Form S-1 (File No.: 333-280273) (the “Registration Statement”) pursuant to which units (each unit consisting of one share of the Company’s Common Stock, par value $0.001 per share (“Share”), and one Warrant of the Company) are offered for sale to the public (the “Offering”) by and at or before 5:00 p.m., Eastern Time, on the fifth anniversary of the Sales Commencement Date (the “Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to [●]1 units (the “Units”), each Unit consisting of one Share and one Warrant of the Company. The Warrant included in each Unit will be identical to the Warrants included in the Units offered to the public by the Company pursuant to the Registration Statement. If the Expiration Date is a day on which banking institutions are authorized by law to close, then this UPO may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the UPO. This UPO is initially exercisable at $[ ] per Unit (or 100% of the public offering price of the Units being sold in the Offering) so purchased; provided, however, that upon the occurrence of any of the events specified in Section 5 hereof, the rights granted by this UPO, including the exercise price per Unit and the number of Units to be received upon such exercise, shall be adjusted as therein specified. This UPO is one of the UPOs issued pursuant to (i) Section 1.3 of the Underwriting Agreement, dated as of [●], 2024, by and among the Company and Boustead Securities, LLC, as the Representative of the several underwriters, if any, named in Schedule I thereto (the “Underwriting Agreement”) and (ii) the Company’s Registration Statement. 1[Insert 7.0% of Units issued in the Offering including overallotment]

Unit Purchase Option shall have the meaning ascribed to such term in Section 2.3(a)(ii), the form of which is attached as Exhibit E.

Unit Purchase Option means the unit purchase option to be issued by the Company to EBC or its designees in connection with the Company’s initial public offering.

Unit Purchase Option means the Representative’s option to purchase up to 300,000 Units at $11.50 per Unit.

Unit Purchase Option means the Unit Purchase Option that was issued to EarlyBirdCapital, Inc. or its designees in connection with the Company’s initial public offering.