Examples of Over-Allotment Option in a sentence
The Representative will not be under any obligation to purchase any Option Units prior to the exercise of the Over-Allotment Option.
If the Over-Allotment Option has not been exercised on the Effective Date, the Company will also file an amendment to the Form 8-K, or a new Form 8-K, to provide updated financial information of the Company to reflect the exercise and consummation of the Over-Allotment Option.
The funds deposited in the Trust Account shall include an aggregate of $0.25 per Unit ($1,500,000 or $1,725,000 if the Over-Allotment Option is exercised in full) payable to the Representative as Deferred Underwriting Commission in accordance with Section 1.4 hereof.
The Over-Allotment Option may be exercised by the Representative, on behalf of the several Underwriters, as to all or any part of the Option Units at any time and from time to time within forty-five (45) days after the Effective Date (as defined in Section 2.1.1 below).
Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the several Underwriters, and, subject to the terms and conditions set forth herein, the several Underwriters will become obligated to purchase, the number of Option Units specified in such notice in the same proportion as the number of Public Units set forth opposite each Underwriter’s name on Schedule A hereto.