Examples of Overallotment Option in a sentence
The Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option.
Upon exercise of the Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.
As of the date of this announcement, the Over-allotment Option has not been exercised.
Promptly after the Option Closing Date, if the Over-allotment Option is exercised after the Closing Date, the Company shall file with the Commission a Current Report on Form 8-K or an amendment to the Form 8-K to provide updated financial information to reflect the exercise of such option.
As at the date of this announcement, the Over-allotment Option has not been exercised.