Extension Units definition
Extension Units shall have the meaning given in the Recitals hereto.
Extension Units means private units issuable upon conversion of extension loans in the event that the Company extends the period that it must complete its initial business combination, at $10.00 per unit, upon the consummation of a Business Combination.
Extension Units means private units issuable upon conversion of extension loans, at $10.00 per unit, upon the consummation of a Business Combination; (iii) “Insiders” shall mean all officers, directors and shareholders of the Company immediately prior to the IPO; (iv) “Insider Shares” shall mean 1,725,000 Ordinary Shares of the Company acquired by an Insider prior to the IPO (up to 225,000 shares of which are subject to complete or partial forfeiture by the Insiders if the over-allotment option is not exercised by the Underwriters) for an aggregate purchase price of $25,000 and any Ordinary Shares underlying the Private Units (the “Private Shares”); (v) “IPO Shares” shall mean the Ordinary Shares to be issued in the Company’s IPO; (vi) “Private Units” shall mean (x) the Units purchased by the Sponsor in the private placement taking place simultaneously with the consummation of the Company’s IPO and (y) the additional Units that may be purchased by the Sponsor in connection with the exercise of the over-allotment option by the Underwriters in the IPO as described in the Registration Statement; (vii) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; (viii) “Sponsor” shall mean Horizon Space Acquisition II Sponsor Corp., a Cayman Islands business company; (ix) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited; (x) “Working Capital Units” shall mean private units issuable upon conversion of working capital loans up to $2,500,000, at $10.00 per unit, upon the consummation of a Business Combination; and (xi) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the SEC promulgated thereunder with any respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b...
Examples of Extension Units in a sentence
Each purchase of Extension Units shall be consummated no later than the day prior to the end of an applicable period.
For purposes of the calculation above, the exclusion of 37,500 Shares shall be effective solely at the time of the decision to not purchase the second tranche of Extension Units, and not at any other time or for any other purpose.
For purposes of the calculation above, the exclusion of the Shares underlying the Extension Units shall be effective solely at the time of the decision to not purchase the first tranche of Extension Units, and not at any other time or for any other purpose.
Each Extension shall only be effective upon the purchase by Subscriber, or its affiliates or designees, of an aggregate of 112,500 Extension Units per Extension at $10.00 per Extension Unit, to be deposited in the Company’s Trust Account (as defined below) of $1,125,000 per Extension, or $2,250,000 for both Extensions.
More Definitions of Extension Units
Extension Units means the units, each unit consisting of one share of SPAC Common Stock, one warrant, each whole warrant exercisable to purchase one share of SPAC Common Stock, and one right, each to receive one-sixth (1/6) of one share of SPAC Common Stock upon the consummation of the Business Combination, that may be issued, at the option of the lender, at a conversion price of $10.00 per unit, upon the conversion of up to $1,500,000 of loans made to the SPAC by the Sponsor or its affiliates or designees to extend the period of time the SPAC has to consummate a Business Combination.
Extension Units means the Units issued to Holders as a result of the conversion of loans made by the Holders or their designees to the Company to extend the period of time of the Company has to consummate a Business Combination.
Extension Units means the Private Placement-equivalent units that may be issued in connection with the conversion of any extension loans; (xiv) “Public Shareholders” shall mean the holders of securities issued in the Public Offering; (xv) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Placement Units shall be deposited; and (xv) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).
Extension Units means the Units issued by the Issuer to an Investor who elects to extend their Maturity Date on the attached Election Form (Application Form) and which are subject to the revised Terms set out in this SPDS.
Extension Units mean up to 330,000 units (or up to 379,500 units to the extent that the over-allotment option in connection with the Company’s initial public offering is exercised) issuable upon conversion of loans from the Sponsor (or their designees or affiliates) to the Company for the purpose of extending the period of time during which the Company has to complete its initial Business Combination in accordance with its Amended and Restated Certificate of Incorporation, with the Extension Units being identical to the Working Capital Units.
Extension Units means an aggregate of up to 225,000 extension units which may be purchased separately by our Sponsor or its designee in the event we are unable to consummate our initial business combination within 16 months of the consummation of our IPO.
Extension Units means the units issued by the Issuer to an Investor who elects to extend their Maturity Date for their Units on the attached Election Form and such new units are subject to the revised Terms set out in this SPDS;