Series A Unit definition
Examples of Series A Unit in a sentence
The Series A Units and Series B Units are to be offered initially to the public (“Offering”) at the offering price of $8.50 and $10.10 per Series A Unit and Series B Unit, respectively.
Each Series A Unit consists of two shares of the Company’s common stock, par value $.0001 per share (“Common Stock”), and ten Class Z Warrants (“Class Z Warrants”).
The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $ per Series A Unit and $ per Series B Unit.
Each Series A Unit consists of two shares of the Company’s common stock, par value $.0001 per share (“Common Stock”), five Class W Warrants (“Class W Warrants”) and five Class Z Warrants (“Class Z Warrants” and together with the Class W Warrants, the “Warrants”).
The Underwriters, severally and not jointly, agree to purchase from the Company the number of Firm Units set forth opposite their respective names on Schedule I attached hereto and made a part hereof at a purchase price (net of discounts and commissions) of $9.87 per Series A Unit and $9.494 per Series B Unit.