Private Placement Proceeds Clause Samples
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Private Placement Proceeds. On the Closing Date, the Company shall cause to be deposited an amount of proceeds from the Private Placement into the Trust Account, and on the Option Closing Date, if any, the Company shall cause to be deposited an amount of proceeds from the additional Private Units sold on the Option Closing Date, in addition to the proceeds from the sale of the Options Units, into the Trust Account, such that the amount of funds in the Trust Account shall be $10.00 per Public Unit sold in the Offering.
Private Placement Proceeds. Immediately upon establishment of the Trust Account and prior to the Closing, the Company shall deposit all of the proceeds from the Private Placement in the Trust Account and shall provide the Representative with evidence of the same.
Private Placement Proceeds. On or prior to the Closing Date and each Option Closing Date, if any, the Company shall have caused the applicable proceeds from the Unit Private Placement and certain of the proceeds from the sale of the Option Private Placement Units, if any, to be deposited into the Trust Account in accordance with the Purchase Agreements.
Private Placement Proceeds. On or prior to the Effective Date, certain of the proceeds from the Private Placement provided by the Sponsor and the Representative shall be deposited into the Trust Account in accordance with the Purchase Agreements.
Private Placement Proceeds. On the Closing Date a portion of the proceeds from the Private Placements shall be deposited into the Trust Account in accordance with the Purchase Agreements.
Private Placement Proceeds. On or prior to the Effective Date, the Sponsor shall have deposited the funds required to purchase the Placement Warrants under the Sponsor Purchase Agreement into the Sponsor’s bank account. On or prior to the Closing Date and following receipt of the funds required to purchase the Placement Warrants pursuant to the terms of the Purchase Agreements, the Company shall cause the applicable proceeds from the Private Placement to be deposited in the Trust Account pursuant to the terms of the Purchase Agreements.
Private Placement Proceeds. On the Closing Date, the Company shall cause to be deposited $1,917,500 of proceeds from the Private Placement into the Trust Account, or such other amount such that the amount of the funds in the Trust Account shall be $10.00 per Unit sold in the Offering.
Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $2,500,000 of the proceeds from the Private Placement in the Trust Fund and shall provide the Representative with evidence of the same.
Private Placement Proceeds. Simultaneously with the Closing, the Company shall deposit all of the proceeds from the Private Placement in the Trust Account and shall provide the Representative with evidence of the same.
Private Placement Proceeds. On the Closing Date, the Company shall cause to be deposited $6,350,000 of proceeds from the Private Placement into the Trust Account. On the Option Closing Date, if any, the Company shall cause to be deposited an amount of additional proceeds from the additional Private Warrants sold on the Option Closing Date into the Trust Account such that the amount of funds in the Trust Account shall be $10.10 per Public Share sold in the Offering.