Closing Units definition

Closing Units shall have the meaning ascribed to such term in Section 2.1(a)(i).
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Closing Units means Units that were originally purchased on the date of this Agreement (as adjusted for any Unit combinations, Unit splits, or equity dividends, recapitalizations, reclassifications and the like with respect to the Units (including any Corporate Conversion) and the Earnout Transactions, if applicable).
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Closing Units has the meaning set forth in Section 2.1.
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Examples of Closing Units in a sentence

  • The Company shall apply the net proceeds from the sale of the Closing Units and the Option Securities in the manner described under the caption “Use of Proceeds” in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus.

  • The Closing Units and the Option Securities are collectively referred to as the “Securities”.

  • The Closing Units have no stand-alone rights and will not be certificated or issued as stand-alone securities.

  • On the Closing Date, the Company shall pay to the Underwriter, by deduction from the net proceeds of the Offering a non-accountable expense allowance equal to one percent (1.0%) of the gross proceeds received by the Company from the sale of the Closing Units, provided, however, that in the event that the Offering is terminated, the Company agrees to reimburse the Underwriter pursuant to Section 12 hereof.

  • The Company shall not invest, or otherwise use the proceeds received by the Company from the sale of the Closing Units or the Option Securities in such a manner as would require the Company or any of its subsidiaries to register as an “investment company” (as defined in the Investment Company Act) under the Investment Company Act.

  • The shares of Common Stock included in the Closing Units are hereinafter referred to as the “Closing Shares”, and the Warrants included in the Closing Units are hereinafter referred to as the “Closing Warrants”.

  • The Closing Shares and the Closing Warrants comprising the Closing Units are immediately separable and will be issued separately at the Closing.

  • Neither the Company, nor any of its Affiliates, nor any Person acting on its or their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause this offering of the Closing Units to be integrated with prior offerings by the Company for purposes of any applicable stockholder approval provisions of any Trading Market on which any of the securities of the Company are listed or designated.

  • IT IS HEREBY AGREED: Purchase of Units (a) The undersigned Investor agrees to purchase at the Closing (as defined herein), and the Company agrees to sell and issue to the Investor at the Closing, Units, at a price of $6.20 per Unit, for the aggregate Subscription Amount of $ .

  • No reverse stock split shall be effectuated before the First Reverse Split Date, except if the consent has been obtained from a purchasers of a majority of the Closing Units.


More Definitions of Closing Units

Closing Units is defined in Section 2.2(a)(i).
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Related to Closing Units

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

  • Closing Stock Price means the Stock Price as of the last day of any Performance Measurement Period.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Second Closing has the meaning set forth in Section 2.2.

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Pre-Closing Taxes means Taxes of the Company for any Pre-Closing Tax Period.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • RI Closing Value means, in respect of a Reference Item and a ST Valuation Date, the Settlement Level (as defined in the Equity Linked Conditions) on such ST Valuation Date.

  • Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

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

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