Common use of Redemption of Warrants for Cash Clause in Contracts

Redemption of Warrants for Cash. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price (the “Redemption Price”) of $0.01 per Warrant, provided that the last reported sales price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.

Appears in 12 contracts

Samples: Warrant Agreement (American Acquisition Opportunity Inc.), Warrant Agreement (Good Works Acquisition Corp.), Warrant Agreement (Isleworth Healthcare Acquisition Corp.)

AutoNDA by SimpleDocs

Redemption of Warrants for Cash. Subject to Section 6.5 6.4 hereof, all, but not less than all all, of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”) of $0.01 per Warrant, ); provided that the last reported sales closing price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day prior to the date on which notice of the redemption is given and given; provided further that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 6.2 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.

Appears in 4 contracts

Samples: Warrant Agreement (Anghami Inc), Warrant Agreement (Vistas Media Acquisition Co Inc.), Warrant Agreement (Vistas Media Acquisition Co Inc.)

Redemption of Warrants for Cash. Subject to Section 6.5 6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”) of $0.01 per Warrant); provided, provided however, that the last reported sales closing price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third (3rd) Business Day prior to the date on which notice of the redemption is given and provided given; provided, further, that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 6.2 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection Section 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.

Appears in 3 contracts

Samples: Form of Warrant Agreement (Zanite Acquisition Corp.), Form of Warrant Agreement (Zanite Acquisition Corp.), Warrant Agreement (Zanite Acquisition Corp.)

Redemption of Warrants for Cash. Subject to Section Sections 6.5 and 6.6 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”) of $0.01 per Warrant, ); provided that the last reported sales closing price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day prior to the date on which notice of the redemption is given and given; provided further that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.

Appears in 3 contracts

Samples: Form of Warrant Agreement (Diamond Eagle Acquisition Corp. \ DE), Form of Warrant Agreement (Diamond Eagle Acquisition Corp. \ DE), Warrant Agreement (Diamond Eagle Acquisition Corp. \ DE)

Redemption of Warrants for Cash. Subject to Section 6.5 6.4 hereof, all but not less than all of the outstanding Warrants may be redeemedredeemed for cash, at the option of the Company, at any time while they are exercisable and prior to their expirationduring the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below6.2 hereof, at the price of $0.01 per Warrant (the “Redemption Price”) of $0.01 per Warrant, ); provided that the last reported sales sale price of the Common Stock reported Class A Shares has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-trading day period commencing once the Warrants become exercisable and ending on the third Business Day (3rd) trading day prior to the date on which notice of the redemption is given and given; provided further that there is an effective registration statement covering the shares of Common Stock Class A Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below6.2 hereof) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 3.3.1(b) hereof and such cashless exercise is exempt from registration under the Securities Act.

Appears in 2 contracts

Samples: Warrant Agreement (Screaming Eagle Acquisition Corp.), Warrant Agreement (Spinning Eagle Acquisition Corp.)

AutoNDA by SimpleDocs

Redemption of Warrants for Cash. Subject to Section 6.5 6.4 hereof, not less than all of the outstanding Warrants may be redeemedredeemed (in whole and not in part), at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”) of $0.01 per Warrant, ); provided that the last reported sales closing price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day prior to the date on which notice of the redemption is given and given; provided further that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 6.2 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.

Appears in 2 contracts

Samples: Warrant Agreement (Silver Sustainable Solutions Corp.), Warrant Agreement (Silver Sustainable Solutions Corp.)

Redemption of Warrants for Cash. Subject to Section 6.5 6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”) of $0.01 per Warrant), provided that the last reported sales closing price of the Common Stock Ordinary Shares reported has been at least $18.00 per share (the “Redemption Trigger Price”; subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days days, within the thirty (30) trading-day period commencing once the Warrants become exercisable and ending on the third Business Day trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the shares of Common Stock Ordinary Shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 6.2 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act.

Appears in 1 contract

Samples: Warrant Agreement (Cellebrite DI Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.