Examples of Private Placement Shares in a sentence
On the Closing Date, the Private Placement Shares have been purchased as provided for in the Subscription Agreements, and the requisite portion of the purchase price for such securities specified in this Agreement shall be deposited into the Trust Account.
Upon consummation of the Offering, approximately $1,950,000 of the net proceeds from the sale of the Private Placement Shares and the Private Placement Warrants shall be released to the Company, which together with $100,000 paid to the Company by the Sponsor for the purchase of Founder Shares, shall result in a total of $2,050,000 to fund the working capital requirements of the Company.
The Private Placement Shares and Private Placement Warrants conform in all material respects to the descriptions thereof contained in the Registration Statement, the General Disclosure Package, and the Prospectus, as the case may be.
Neither the Company nor any of its affiliates has, prior to the date hereof, made any offer or sale of any securities which are required to be “integrated” pursuant to the Act or the Regulations with the offer and sale of the Public Securities, the Public Shares and the Public Warrants pursuant to the Registration Statement, or the Private Placement Shares and Private Placement Warrants in the Private Placement.
Each of the non-managing investors have executed and delivered a subscription agreement, the form of which is annexed as an exhibit to the Registration Statement (as amended, each, a “Subscription Agreement” and collectively, the “Subscription Agreements”), pursuant to which the non-managing investors have agreed, among other things, to purchase the Private Placement Shares on the Closing Date.