Firm definition
Examples of Firm in a sentence
The purchase price per Firm Pre-Funded Warrant to be paid by the Underwriters to the Company will be $2.8031 (the “Warrant Purchase Price”).
The remaining proceeds (less commissions and actual expense payments or other fees payable pursuant to this Agreement), if any, shall be paid to the order of the Company upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Firm Units (or through the facilities of The Depository Trust Company (“DTC”)) for the account of the Underwriters.
The funds deposited in the Trust Account shall include an aggregate of $5,000,000 ($0.25 per Firm Unit), payable to the Representative as Deferred Underwriting Commission, in accordance with Section 1.3 hereof.
The Representative is hereby granted an option (the “Over-allotment Option”) to purchase up to an additional 3,000,000 units (the “Option Units”), the net proceeds of which will be deposited in the Trust Account, for the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units.
Such Option Units shall be identical in all respects to the Firm Units.