Placement Warrants definition

Placement Warrants shall have the meaning given in the Recitals hereto.

Placement Warrants means the 15,080,756 warrants issued to our Sponsor in the private placement that occurred simultaneously with the consummation of our IPO for a purchase price of $0.50 per placement warrant for a total purchase price of approximately $7,540,000, each of which is exercisable for one-half of one share of Hennessy Capital common stock at a price of $5.75 per half share ($11.50 per whole share), in accordance with its terms. Warrants may be exercised only for a whole number of shares of Hennessy Capital’s common stock. No fractional shares will be issued upon exercise of the warrants.

Placement Warrants means the 465,000 warrants included in the placement units purchased by our Sponsor and Cantor in the private placement, each of which is exercisable for one share of Class A common stock in accordance with its terms.

Examples of Placement Warrants in a sentence

• Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, as the case may be, the Subscriber will have or receive good title to the Units, Placement Shares and Placement Warrants, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and pursuant to the Insider Letter and (ii) transfer restrictions under federal and state securities laws.

• Each of the Working Capital Warrants and Extension Loan Warrants shall be identical to the Private Placement Warrants.

• The Placement Warrants and Placement Rights shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within fifteen (15) months (or within up to twenty-one (21) months if the Company extends the period of time to consummate the initial Business Combination up to twice for three (3) months each) from the completion of the IPO.

• Upon issuance in accordance with, and payment pursuant to, the terms hereof and that certain warrant agreement to be entered into between the Company and Continental, as warrant agent (the “Warrant Agreement”), as the case may be, each of the Units, Placement Shares, Placement Warrants and Warrant Shares will be duly and validly issued, fully paid and non-assessable.

• The Company has entered into a warrant agreement with respect to the Warrants underlying the Units and the Placement Warrants and certain other warrants that may be issued by the Company with CST substantially in the form filed as an exhibit to the Registration Statement (the “Warrant Agreement”).

More Definitions of Placement Warrants

Placement Warrants means the aggregate of 250,000 Warrants to purchase up to an aggregate of 250,000 shares of the Common Stock that are included in the Placement Units; (vi) “Placement Units” shall mean the aggregate of 250,000 Units of the Company (each Placement Unit consists of one Placement Warrant and one Placement Share) sold in the Private Placement to the Sponsor and [CANTOR ENTITY] for an aggregate purchase price of $2,500,000; (vii) “Trust Account” shall mean the trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus” shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of 250,000 Placement Units to FinTech Investor Holdings, LLC, a Delaware limited liability company (the “Sponsor”) and [CANTOR ENTITY]; (x) “Insiders” shall mean the Sponsor and its members, any holders of Founder Shares, any person who receives Placement Units or their underlying securities as a Permitted Transferee (except for Cantor Xxxxxxxxxx and [XXXXXX ENTITY]) or Founder Shares as a Permitted Transferee and each officer and director of the Company; and (xi) references to completion of the Offering shall exclude any exercise of the Underwriters’ over-allotment option.

Placement Warrants means the warrants to purchase 243,750 shares of Class A common stock underlying the placement units.

Placement Warrants means 3,940,278 warrants to purchase shares of Class A common stock issued to Sponsor in the Private Placement, which, after the Business Combination, entitles the holder thereof to purchase one share of common stock for $11.50 per share.

Placement Warrants mean the warrants included within the Placement Units.

Placement Warrants is defined in the preamble to this Agreement.

Placement Warrants means the warrants to purchase shares of New Beginnings Common Stock included in the Placement Units.

Placement Warrants means 5,910,416 warrants to purchase shares of Class A common stock issued to Sponsor in the Private Placement (including the additional warrants purchased after the AMCI IPO in connection with the overallotment securities issued by AMCI’s underwriters). Each Placement Warrant entitles the holder thereof to purchase one share of Class A common stock for $11.50 per share.