Common use of Subscription and Purchase of Securities Clause in Contracts

Subscription and Purchase of Securities. For the sum of $4,150 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 186,429 of which are subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. Upon the issuance of the Shares, the Subscriber hereby surrenders for no consideration the one Class B ordinary share of the Company held by it following the incorporation of the Company. In addition, Subscriber hereby commits to purchase an aggregate of 1,612,500 Warrants (“Initial Warrants”) at $1.00 per Initial Warrant, for an aggregate purchase price of $1,612,500 (the “Initial Risk Capital Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment option in full or part, the Subscriber further commits to purchase up to an additional 150,000 Warrants (“Additional Warrants”) at $1.00 per Additional Warrant for an aggregate purchase price of up to $150,000 (the “Over-Allotment Purchase Price”). The Subscriber shall pay the Initial Risk Capital Purchase Price and Over-Allotment Purchase Price (if any) for the Initial Warrants and Additional Warrants (if any) by wire transfer of immediately available funds to the trust account established by the Company in connection with the IPO on the date the IPO and over-allotment option are consummated, respectively.

Appears in 1 contract

Samples: Chain Bridge I

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Subscription and Purchase of Securities. For the sum of $4,150 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 186,429 of which are subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. Upon the issuance of the Shares, the Subscriber hereby surrenders for no consideration the one Class B ordinary share of the Company held by it following the incorporation of the Company. In addition, Subscriber hereby commits to purchase an aggregate of 1,612,500 1,625,000 Warrants (“Initial Warrants”) at $1.00 per Initial Warrant, for an aggregate purchase price of $1,612,500 1,625,000 (the “Initial Risk Capital Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment option in full or part, the Subscriber further commits to purchase up to an additional 150,000 Warrants (“Additional Warrants”) at $1.00 per Additional Warrant for an aggregate purchase price of up to $150,000 (the “Over-Allotment Purchase Price”). The Subscriber shall pay the Initial Risk Capital Purchase Price and Over-Allotment Purchase Price (if any) for the Initial Warrants and Additional Warrants (if any) by wire transfer of immediately available funds to the trust account established by the Company in connection with the IPO on the date the IPO and over-allotment option are consummated, respectively.

Appears in 1 contract

Samples: Letter Agreement (Chain Bridge I)

Subscription and Purchase of Securities. For the sum of $4,150 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 186,429 of which are subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. Upon the issuance of the Shares, the Subscriber hereby surrenders for no consideration the one Class B ordinary share of the Company held by it following the incorporation of the Company. In addition, Subscriber hereby commits to purchase an aggregate of 1,612,500 1,333,333 Warrants (“Initial Warrants”) at $1.00 1.50 per Initial Warrant, for an aggregate purchase price of $1,612,500 2,000,000 (the “Initial Risk Capital Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment option in full or part, the Subscriber further commits to purchase up to an additional 150,000 Warrants (“Additional Warrants”) at $1.00 1.50 per Additional Warrant for an aggregate purchase price of up to $150,000 225,000 (the “Over-Allotment Purchase Price”). The Subscriber shall pay the Initial Risk Capital Purchase Price and Over-Allotment Purchase Price (if any) for the Initial Warrants and Additional Warrants (if any) by wire transfer of immediately available funds to the trust account established by the Company in connection with the IPO on the date the IPO and over-allotment option are consummated, respectively.

Appears in 1 contract

Samples: Chain Bridge I

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Subscription and Purchase of Securities. For the sum of $4,150 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 186,429 of which are subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. Upon the issuance of the Shares, the Subscriber hereby surrenders for no consideration the one Class B ordinary share of the Company held by it following the incorporation of the Company. In addition, Subscriber hereby commits to purchase an aggregate of 1,612,500 1,400,000 Warrants (“Initial Warrants”) at $1.00 1.50 per Initial Warrant, for an aggregate purchase price of $1,612,500 2,100,000 (the “Initial Risk Capital Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment option in full or part, the Subscriber further commits to purchase up to an additional 150,000 Warrants (“Additional Warrants”) at $1.00 1.50 per Additional Warrant for an aggregate purchase price of up to $150,000 225,000 (the “Over-Allotment Purchase Price”). The Subscriber shall pay the Initial Risk Capital Purchase Price and Over-Allotment Purchase Price (if any) for the Initial Warrants and Additional Warrants (if any) by wire transfer of immediately available funds to the trust account established by the Company in connection with the IPO on the date the IPO and over-allotment option are consummated, respectively.

Appears in 1 contract

Samples: Chain Bridge I

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