Private Placement Warrant, Forward Purchase Warrants. 2.6.1 The Private Placement Warrants shall be identical to the Public Warrants, except so long as they are held by the Sponsor (or other initial purchaser thereof) or any of its Permitted Transferees (as defined below) the Private Placement Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) may not be transferred, assigned or sold until after the completion by the Company of an initial Business Combination (as defined below), and (iii) shall not be redeemable by the Company; provided, however, in the case of (ii), the Private Placement Warrants and any shares of Common Stock held by the Sponsor (or other initial purchaser thereof) or any of its Permitted Transferees and issued upon exercise of the Private Placement Warrants may be transferred by the holders thereof:
Appears in 3 contracts
Samples: Warrant Agreement (Pure Acquisition Corp.), Warrant Agreement (Pure Acquisition Corp.), Warrant Agreement (HighPeak Energy, Inc.)
Private Placement Warrant, Forward Purchase Warrants. 2.6.1 The Private Placement Warrants shall be identical to the Public Warrants, except that so long as they are held by the Sponsor (or other initial purchaser thereof) or any of its Permitted Transferees (as defined below) the Private Placement Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below), and (iii) shall not be redeemable by the Company; provided, however, that in the case of (ii), the Private Placement Warrants and any shares of Common Stock held by the Sponsor (or other initial purchaser thereof) or any of its Permitted Transferees and issued upon exercise of the Private Placement Warrants may be transferred by the holders thereof:
Appears in 1 contract
