Placement Share definition
Examples of Placement Share in a sentence
Subject to and concurrent with the consummation of the IPO, the Company shall issue and sell to the Purchaser and the Purchaser shall purchase from the Company, at a purchase price per Private Placement Share equal to the public offering price per share of Common Stock sold in the IPO, the Private Placement Shares.
The Company has entered into a rights agreement with CST with respect to the Public Share Rights, the Placement Share Rights and certain other rights that may be issued by the Company substantially in the form filed as an exhibit to the Registration Statement (“Rights Agreement”).
The Company shall not take any action or omit to take any action which would cause a breach of any of the Letter Agreement or the Private Placement Share Purchase Agreement and will not allow any amendments to, or waivers of, such Letter Agreement or the Private Placement Share Purchase Agreement without the prior written consent of the Representatives.
Simultaneously with the Closing Date, the Sponsor will purchase from the Company pursuant to the Share Purchase Agreement (as defined in Section 2.21.2), 500,000 Class A ordinary shares of the Company (the “Placement Shares”) at a purchase price of $10.00 per Placement Share in a private placement intended to be exempt from registration under the Act pursuant to Section 4(a)(2) of the Act.
The Company and the Sponsor have executed and delivered a Unit and Restricted Private Placement Share Purchase Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Sponsor Purchase Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date consummate the purchase of and deliver the purchase price for the Placement Units and Restricted Private Placement Shares to be sold to the Sponsor as provided in the Sponsor Purchase Agreement.
On the Effective Date, the Company shall have delivered to the Representatives executed copies of the Trust Agreement, the Warrant Agreement, Letter Agreement, the Private Placement Share Purchase Agreement and the Registration Rights Agreement.
The Company has entered into a private placement shares purchase agreement, dated as of the date hereof (the “Private Placement Shares Purchase Agreement”), with the Sponsor, in substantially the form filed as Exhibit 10.6 to the Registration Statement, pursuant to which the Sponsor has agreed to purchase an aggregate of 640,000 Class A ordinary shares (the “Private Placement Shares”), at a price of $10.00 per Private Placement Share.
The purchase price to be paid per Over-Subscription Share shall be equal to the Purchase Price per Placement Share.
It is expressly acknowledged and agreed that neither the Company nor the Agents will have any obligation whatsoever with respect to a Placement or any Placement Share unless and until the Company delivers a Placement Notice to the Designated Agent and the Designated Agent does not decline such Placement Notice pursuant to the terms set forth above, and then only upon the terms specified therein and herein.
The Company has entered into a private placement shares purchase agreement, dated as of the date hereof (the “Private Placement Shares Purchase Agreement”), with the Sponsor, in substantially the form filed as Exhibit 10.6 to the Registration Statement, pursuant to which the Sponsor has agreed to purchase an aggregate of 600,000 Class A ordinary shares (the “Private Placement Shares”), at a price of $10.00 per Private Placement Share.