Examples of Underwriting Commission in a sentence
Such amount includes an aggregate of up to $1,500,000 (or up to $1,725,000 if the Over-allotment Option is exercised in full), or $0.25 per Unit, payable to Lucid as a Deferred Underwriting Commission in accordance with, and subject to adjustment pursuant to, Section 1.3 hereof, to be placed by the Underwriters in the Trust Account.
Upon the consummation of a Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to Lucid, in accordance with Section 1.3.
On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell, severally and not jointly, to the several Underwriters, an aggregate of 6,000,000 units (the “Firm Units”) of the Company at a purchase price (net of discounts and commissions, including the Deferred Underwriting Commission described in Section 1.3 below) of $9.55 per Firm Unit.
The Underwriters shall also place an aggregate of $0.25 per Option Unit (up to $225,000), payable to the Representative, as Deferred Underwriting Commission, in accordance with Section 1.3 hereof, in the Trust Account.