Private Units definition

Private Units means (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO and (y) the additional Units that may be purchased in connection with the exercise of the over-allotment option by the underwriters in the IPO as described in the Registration Statement; (vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.
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Private Units shall have the meaning given in the Recitals hereto.
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Private Units means up to 235,000 Units, 220,000 of which the Sponsor is privately purchasing simultaneously with the consummation of the Company’s IPO and up to 15,000 Units that the Sponsor has agreed to purchase if the underwriters exercise their over-allotment option.
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Examples of Private Units in a sentence

  • Upon consummation of the Offering, it is intended that $500,000 of the proceeds from the sale of the Firm Units and Private Units will be released to the Company to fund the working capital requirements of the Company.

  • The terms of the Private Units, Private Shares and Private Rights are as described in the Prospectus (as defined in Section 2.1.1 below).

  • The Sponsor has executed and delivered a private placement units subscription agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Private Placement Units Subscription Agreement”), pursuant to which the Sponsor has agreed, among other things, that it will purchase on the Closing Date the Private Units in the Private Placement.

  • Pursuant to the Private Placement Units Subscription Agreement, the Sponsor has waived any and all rights and claims it may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Ordinary Shares underlying the Private Units in the event that a Business Combination is not consummated and the Trust Account is liquidated in accordance with the terms of the Trust Agreement.

  • Prior to the date hereof, the Sponsor and the Company shall provide to the Representative proof satisfactory to the Representative that the aggregate consideration of $[2,008,000]1 to be paid for the Private Units is in the Sponsor’s bank account.


More Definitions of Private Units

Private Units means the Units certain of the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.
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Private Units means the up to 461,500 units various Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.
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Private Units is defined in the preamble to this Agreement.
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Private Units means the Units the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.
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Private Units means (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO, (y) the additional Units that will be purchased in a private placement upon the full or partial exercise of the underwriter’s over-allotment option for the Company’s IPO and (z) Units issued upon conversion of up to $500,000 in working capital loans made to the Company by the Insiders; (vii) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (viii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Company’s IPO will be deposited.
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Private Units means 325,000 Units which the Sponsor is privately purchasing simultaneously with the consummation of the Company’s initial public offering.
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Private Units means the units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO; (vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Company’s IPO will be deposited.
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