Examples of Private Warrants in a sentence
The Private Warrants had an exercise price of $11.50 per share, redeemable only at such time that the share price of the Company was between $10.00 and $18.00, at $0.10 per warrant.
If the Private Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.
The primary unobservable input utilized in determining the fair value of the Private Warrants was the expected volatility of the Company’s common shares.
The total number of warrants was made up of 15,000,000 Public Placement Warrants ("Public Warrants") and 8,000,000 Private Placement Warrants ("Private Warrants").
The Private Warrants were valued using a Black-Scholes model, which resulted in a Level 3 fair value measurement.