Examples of IPO Warrant in a sentence
In the event that the Warrant is a Private Warrant, Working Capital Warrant, or Post IPO Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement.
The IPO Warrant Shares to be issued by the Company upon exercise of the IPO Warrants have been duly authorized and, when issued in accordance with the applicable governing documents against payment in full therefor, will be legally issued, fully paid and nonassessable.
Each IPO Warrant is exercisable to purchase an additional common share of the Company until June 28, 2014 at a price of $2.25 per share.
In connection with the warrants issued in the IPO, Delwinds entered into a warrant agreement with Continental Stock Transfer & Trust Company to be the warrant agent for such warrants (the “IPO Warrant Agreement”).The IPO Warrant Agreement provides that the terms of the IPO Warrants may be amended with the approval of the holders of at least a majority of the then outstanding Public Warrants to make any change that adversely affects the interests of the registered holders of Public Warrants.
The IPO Warrant Agreement also provides for a cashless exercise option to the holders of the IPO Warrants.
As of the date of this Agreement, other than as set forth in the Parent Charter, the Underwriting Agreement, the IPO Warrant Agreement or the Trust Agreement, there are not and as of the Closing Date there will not be any outstanding contractual obligations of Parent or Sub to repurchase, redeem or otherwise acquire any shares of capital stock of Parent or Sub.
Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, an "IPO Warrant").
IPO Warrant Program:During the first quarter of 2022 the company did not grant any warrants and no warrants were exercised under this program.
Once a Private Warrant is transferred to a holder other than an affiliate or permitted transferee, it shall be treated as an IPO Warrant hereunder for all purposes.
Each IPO Warrant is exercisable into one common share at an exercise price of $0.50 per Warrant Share until December 17, 2021, subject to acceleration in certain events.