Common use of Redemption of Warrants When the Price Clause in Contracts

Redemption of Warrants When the Price. per Share of Common Stock Equals or Exceeds $18.00. Subject to Section 6.5 hereof, at any time while the Warrants are exercisable and prior to their expiration, the Company may, at its option, redeem all (and not part) of the outstanding Warrants, 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 (i) that the last reported sale price of the Common Stock equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof), for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given and (ii) 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.

Appears in 6 contracts

Samples: Warrant Agreement (Heartland Media Acquisition Corp.), Warrant Agreement (Heartland Media Acquisition Corp.), Warrant Agreement (Group Nine Acquisition Corp.)

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Redemption of Warrants When the Price. per Share of Class A Common Stock Equals or Exceeds $18.00. 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 the Warrants they are exercisable and prior to their expiration, the Company may, at its option, redeem all (and not part) of the outstanding Warrants, 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 (i) that the last reported sale sales price of the Common Stock equals or exceeds reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), for any on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given and (ii) 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.

Appears in 3 contracts

Samples: Warrant Agreement (Stillwater Growth Corp. I), Warrant Agreement (Supernova Partners Acquisition Company, Inc.), Warrant Agreement (Supernova Partners Acquisition Company, Inc.)

Redemption of Warrants When the Price. per Class A Ordinary Share of Common Stock Equals or Exceeds $18.00. Subject to Section 6.5 hereofNot less than all of the outstanding Warrants may be redeemed for cash, at the option of the Company, at any time while during the Warrants are exercisable and prior to their expiration, the Company may, at its option, redeem all (and not part) of the outstanding WarrantsExercise Period, 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 “a Redemption Price”) Price of $0.01 per Warrant, ; provided that (ia) that the last reported sale price (the “closing price”) of the Common Stock Class A Ordinary Shares equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof), ) for any twenty (20) 20 trading days within the thirty (a 30) trading-day trading period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the redemption is given Registered Holders and (iib) that there is an effective registration statement covering the shares issuance of Common Stock the Class A 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 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.13.3.1(b).

Appears in 2 contracts

Samples: Warrant Agreement (Lazard Healthcare Acquisition Corp. I), Warrant Agreement (Lazard Fintech Acquisition Corp. I)

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Redemption of Warrants When the Price. per Share of Class A Common Stock Equals or Exceeds $18.00. 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 the Warrants they are exercisable and prior to their expiration, the Company may, at its option, redeem all (and not part) of the outstanding Warrants, 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 (i) that the last reported sale sales price of the Common Stock equals or exceeds reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), for any on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day Business Day prior to the date on which notice of the redemption is given and (ii) provided that there is an effective registration statement covering the issuance of 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.

Appears in 2 contracts

Samples: Warrant Agreement (Juniper II Corp.), Warrant Agreement (Juniper II Corp.)

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