Common use of Purchase and Sale of the Private Placement Shares Clause in Contracts

Purchase and Sale of the Private Placement Shares. (i) Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 459,500 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $4,595,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), at least one (1) business day prior to the date of effectiveness (the “Effective Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 4 contracts

Samples: Private Placement Shares Purchase Agreement (REZOLVE GROUP LTD), Private Placement Shares Purchase Agreement (Armada Acquisition Corp. I), Private Placement Shares Purchase Agreement (Armada Acquisition Corp. I)

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Purchase and Sale of the Private Placement Shares. (i) Simultaneously with On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 459,500 1,300,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $4,595,000 13,000,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the Company, to the trust account (account, at a financial institution to be chosen by the “Trust Account”) Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee trustee, in accordance with the Company’s wiring instructions (the ContinentalTrust Account”), at least one (1) business day prior to the date of effectiveness (the “Effective IPO Closing Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Initial IPO Closing Date, upon the payment by the Purchaser of the Purchase Price, by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Private Placement Shares Purchase Agreement (Khosla Ventures Acquisition Co. III), Private Placement Shares Purchase Agreement (Khosla Ventures Acquisition Co. III)

Purchase and Sale of the Private Placement Shares. (i) Simultaneously with On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 459,500 900,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $4,595,000 9,000,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the Company, to the trust account (account, at a financial institution to be chosen by the “Trust Account”) Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee trustee, in accordance with the Company’s wiring instructions (the ContinentalTrust Account”), at least one (1) business day prior to the date of effectiveness (the “Effective IPO Closing Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Initial IPO Closing Date, upon the payment by the Purchaser of the Purchase Price, by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Private Placement Shares Purchase Agreement (Khosla Ventures Acquisition Co.), Private Placement Shares Purchase Agreement (Khosla Ventures Acquisition Co.)

Purchase and Sale of the Private Placement Shares. (i) Simultaneously with On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 459,500 1,100,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $4,595,000 11,000,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the Company, to the trust account (account, at a financial institution to be chosen by the “Trust Account”) Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee trustee, in accordance with the Company’s wiring instructions (the ContinentalTrust Account”), at least one (1) business day prior to the date of effectiveness (the “Effective IPO Closing Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Initial IPO Closing Date, upon the payment by the Purchaser of the Purchase Price, by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 2 contracts

Samples: Private Placement Shares Purchase Agreement (Khosla Ventures Acquisition Co. II), Private Placement Shares Purchase Agreement (Khosla Ventures Acquisition Co. II)

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Purchase and Sale of the Private Placement Shares. (i) Simultaneously with the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 459,500 670,000 Private Placement Shares at a price of $10.00 per Share share for an aggregate purchase price of $4,595,000 6,700,000 (the “Purchase Price”). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the “Trust Account”) maintained by Continental Stock Transfer Transfer& Trust Company, acting as trustee (“Continental”), at least one (1) business day prior to the date of effectiveness (the “Effective Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Private Placement Shares Purchase Agreement (Bridgetown 3 Holdings LTD)

Purchase and Sale of the Private Placement Shares. (i) Simultaneously with On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate of 459,500 700,000 Private Placement Shares at a price of $10.00 per Share for an aggregate purchase price of $4,595,000 7,000,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the Company, to the trust account (account, at a financial institution to be chosen by the “Trust Account”) Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee trustee, in accordance with the Company’s wiring instructions (the ContinentalTrust Account”), at least one (1) business day prior to the date of effectiveness (the “Effective IPO Closing Date”) of the registration statement relating to the Public Offering (the “Registration Statement”). On the Initial IPO Closing Date, upon the payment by the Purchaser of the Purchase Price, by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Private Placement Shares purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

Appears in 1 contract

Samples: Private Placement Shares Purchase Agreement (Khosla Ventures Acquisition Co. IV)

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