Firm Unit Sample Clauses

Firm Unit. Each Firm Unit consists of one (1) share of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), one (1) redeemable warrant (the “Warrant(s)”) to purchase one share of Common Stock and one (1) right (the “Right(s)”) to receive one-tenth (1/10) of one share of Common Stock. The shares of Common Stock, the Warrants, and Rights included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representatives’ decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one (1) share of Common Stock at an exercise price of $11.50 per share during the period commencing on the later of (a) thirty (30) days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the Closing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination. Each Right entitles the holder to receive one-tenth (1/10) of one share of Class A Common Stock upon consummation of a Business Combination. As used herein, the term “Business Combination” shall mean any acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable, so long as the last sales ...
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Firm Unit. Each Firm Unit consists of one (1) share of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”) and one-half of one (1) redeemable warrant (the “Warrant(s)”) to purchase one share of Common Stock. The shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representatives’ decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one (1) share of Common Stock at an exercise price of $11.50 per share during the period commencing on the later of (a) thirty (30) days after the closing of a Business Combination (as defined below), or (b) twelve (12) months from the Closing Date (as defined below), and terminating on the five (5) year anniversary of the closing of a Business Combination. As used herein, the term “Business Combination” shall mean any acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities by the Company. The Company has the right to redeem the Warrants, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable, so long as the last sales price of the shares of Common Stock have been at least $16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) Business Day (as defined below) prior to the day on whic...
Firm Unit. Each Firm Unit consists of one (1) share of the Company’s common stock (“Common Stock”), and one redeemable warrant (the “Warrant(s)”), each Warrant to purchase one share of Common Stock). The Common Stock and Warrants included in the Firm Units will not be separately transferable until the earlier of the 90th day after the date that the Registration Statement (as defined below) is declared effective by the Commission (as defined below) (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. Each Warrant entitles the holder to purchase one share of Common Stock at a price of $11.50 per share during the period commencing on the date that is the 30th day after the closing of a Business Combination (as defined below) and terminating on the five (5) year anniversary of the closing of a Business Combination. The Company has the right to redeem the Warrants, with the prior consent of the Representative, upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Common Stock has been at least $16.50 per share for any twenty (20) trading days within a thirty (30) trading day period ending on the third (3rd) Business Day prior to the day on which notice is given, provided that there is a current registration statement in effect with respect to the shares of Common Stock underlying such Warrants during the period commencing on the first Business Day on which the minimum sales price is achieved until the completion of the thirty (30) day notice period and continuing each day thereafter until the date of redemption (“Force-Call Redemption”). As used herein, the term “Business Comb...
Firm Unit. Each Firm Unit consists of one (1) share of the Company’s Class A common stock (“Common Stock”) and one right (the “Right(s)”) to receive one-tenth (1/10) of one share of Common Stock upon consummation of the Business Combination (as defined below). The Common Stock and the Rights included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. As used herein, the term “Business Combination” shall mean any acquisition by merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses by the Company. As used herein, the term “Business
Firm Unit. Each Firm Unit consists of one share of the Company's common stock, par value $.0001 per share (the "Common Stock"), and one warrant ("Warrant(s)"). The shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until 90 days after the effective date (the "Effective Date") of the Registration Statement (as defined in Section 2.1.1 hereof), unless the Representatives inform the Company of their decision to allow earlier separate trading, but in no event will the Representatives allow separate trading until (i) until the business day following the earlier to occur of the expiration of the underwriters' over-allotment option or its exercise in full and (ii) .the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet. Each Warrant entitles its holder to exercise it to purchase one share of Common Stock for $6.00 during the period commencing on the later of the consummation by the Company of its "Business Combination" or one year from the Effective Date of the Registration Statement and terminating on the four-year anniversary of the Effective Date. "Business Combination" shall mean any merger, capital stock exchange, asset or stock acquisition or other similar business combination consummated by the Company with an operating business (as described more fully in the Registration Statement).
Firm Unit. Each Firm Unit consists of one share of the Company's common stock, par value $0.0001 per share (the "Common Stock"), and one warrant to purchase one share of Common Stock (the "Warrant(s)"). The shares of Common Stock and the Warrants included in the Firm Units will begin trading separately on the 10th business day following the earlier to occur of: (a) the expiration of the underwriters' over-allotment option or (b) its exercise in full. In no event will separate trading of the Common Stock and Warrants occur until the Company has filed a Current Report on Form 8-K (the "Current Report on Form 8-K") with the Securities and Exchange Commission (as defined in Section 2.1.1 hereof)
Firm Unit. Each Firm Unit consists of one (1) share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), one (1) right (the “Right(s)”) to receive one-fifteenth (1/15) of one share of Common Stock upon the consummation of an initial Business Combination (as defined below), and one (1) redeemable warrant (the “Warrant(s)”), each whole Warrant entitling the holder thereof to purchase one-half of one share of Common Stock. The shares of Common Stock, the Rights and the Warrants included in the Firm Units will not be separately transferable until the earlier of the 30th day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin.
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Firm Unit. Each Firm Unit consists of one share of the Company's common stock, par value $.0001 per share (the "COMMON STOCK"), and one warrant to purchase a share of Common Stock (the "WARRANT(S)"). The shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until 90 days after the effective date (the "EFFECTIVE DATE") of the Registration Statement (as defined in Section 2.1.1 hereof) unless Maxim informs the Company of its decision to allow earlier separate trading (and thereafter shall trade only separately), but in no event will Maxim allow separate trading until the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet. Each Warrant entitles its holder to purchase one share of Common Stock for $6.00 during the period commencing on the later of (a) the consummation by the Company of its "Business Combination" or (b) one year from the Effective Date of the Registration Statement and terminating on the four-year anniversary of the Effective Date. "BUSINESS COMBINATION" shall mean any acquisition by merger, capital stock exchange, asset or stock acquisition or other similar business combination consummated by the Company with a single operating entity, or one or more related or unrelated entities in the healthcare industry (as described more fully in the Registration Statement). The Company has the right to redeem the Warrants upon not less than thirty (30) days written notice at a price of $0.01 per Warrant at any time after the Warrants become exercisable; so long as the last sales price of the Company's Common Stock has been at least $11.50 for any twenty (20) trading days within a thirty (30) trading day period ending on the third day prior to the day on which notice is given.
Firm Unit. Each Firm Unit consists of one share of the Company's common stock, par value $.0001 per share (the "Common Stock"), and one warrant ("Warrant(s)"). The shares of Common Stock and the Warrants included in the Firm Units will not be separately transferable until 90 days after the effective date (the "Effective Date") of the Registration Statement (as defined in Section 2.1.1 hereof), unless Casimir informs the Company of its decision to allow earlier separate trading, but in no event will Casimir allow separate trading until the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission (as herein defined) on a Form 8-K or similar form by the Company which includes such balance sheet. Each Warrant entitles its holder to exercise it to purchase one share of Common Stock for $6.00 during the period commencing on the later of the consummation by the Company of its "Business Combination" or one year from the Effective Date of the Registration Statement and terminating on the four-year anniversary of the Effective Date. "Business Combination" shall mean any merger, capital stock exchange, asset or stock acquisition or other similar business combination consummated by the Company with an operating business (as described more fully in the Registration Statement).
Firm Unit. Each Firm Unit consists of one (1) share of the Company’s Class A Common Stock, par value $0.0001 per share (“Class A Share(s)”) and one (1) right (the “Right(s)”) entitling the holder thereof to receive one-twentieth (1/20) of one Class A Share on consummation of a Business Combination (as defined below). The Class A Shares and Rights included in the Firm Units will not be separately transferable until the earlier of the 52nd day after the date that the Registration Statement (as defined below) becomes effective (the “Effective Date”) or the announcement by the Company of the Representative’s decision to allow earlier trading, subject, however, to the Company filing a Current Report on Form 8-K (“Form 8-K”) with the Commission (as defined below) containing an audited balanced sheet reflecting the Company’s receipt of the gross proceeds of the Offering and issuing a press release announcing when such separate trading will begin. In no event will the Company allow separate trading until (i) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering and the filing of such audited balance sheet with the Commission on a Form 8-K or similar form by the Company which includes such balance sheet and (ii) the issuance of a press release announcing when such separate trading shall begin. As used herein, the term “Business Combination” shall mean any acquisition by merger, capital stock exchange, asset acquisition, stock purchase, or similar business combination, or control through contractual arrangements, of one or more operating businesses by the Company. As used herein, the term “Business Day” shall mean any day other than a Saturday, Sunday or any day on which national banks in New York, New York are not open for business.
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