IPO definition
Examples of IPO in a sentence
The Purchaser will be entitled to certain registration rights which will be governed by a registration rights agreement (“Registration Rights Agreement”) to be entered into with the Company on or prior to the closing of the IPO.
As of the date hereof, the Company has issued 4,791,667 Ordinary Shares (of which 625,000 Ordinary Shares are subject to forfeiture as described in the registration statement relating to the Company’s IPO) to the Company’s sponsor and no preference shares are issued and outstanding.
Upon issuance in accordance with, and payment pursuant to, the terms hereof and the warrant agreement to be entered into with CST on or prior to the closing of the IPO (the “Warrant Agreement”) and the Company’s amended and restated memorandum and articles of association, as may be further amended from time to time (the “Memorandum and Articles”) (as applicable), as the case may be, each of the Securities will be duly and validly issued, fully paid and non-assessable.
Upon issuance in accordance with the terms hereof, the Warrant Agreement, the Purchaser will have or receive good title to the Private Warrant Shares, free and clear of all liens, claims and encumbrances of any kind other than (i) transfer restrictions hereunder and pursuant to the insider letter to be entered into on or prior to the closing of the IPO (the “Insider Letter”) and (ii) transfer restrictions under federal and state securities laws.
The Private Placement Units shall be substantially identical to the Units offered in the IPO as set forth in the Underwriting Agreement, except the Private Placement Units: (i) will be subject to the transfer restrictions described herein, and (ii) are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after certain conditions are met or the resale of the Private Placement Units is registered under the Securities Act.