Terms of the Private Placement Warrants. As shall be set forth in the Warrant Agreement to be entered into with a mutually agreeable warrant agent on or prior to the closing of the Public Offering (the “Warrant Agreement”), each Private Placement Warrant shall be substantially identical to the warrants included in the units offered in the Public Offering except the Private Placement Warrants will be non-redeemable so long as they are held by the initial holder thereof (or any of its permitted transferees) and will be exercisable on a “cashless” basis if held by the initial holder thereof (or any of its permitted transferees).
Appears in 7 contracts
Samples: Warrant Subscription Agreement (GRASSMERE ACQUISITION Corp), Warrant Subscription Agreement (GRASSMERE ACQUISITION Corp), Warrant Subscription Agreement (GRASSMERE ACQUISITION Corp)
