Additional Shares or Options Sample Clauses
The 'Additional Shares or Options' clause defines the conditions under which a party may be granted extra shares or stock options beyond the initial allocation. Typically, this clause outlines specific triggers or milestones—such as meeting performance targets, additional investment rounds, or board approval—that would entitle a party to receive more equity or options. Its core function is to provide a structured mechanism for rewarding continued contribution or incentivizing future performance, thereby aligning interests and offering flexibility in equity distribution.
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Additional Shares or Options. The Company hereby agrees that until the consummation of a Business Combination, it shall not issue any shares of Common Stock or any options or other securities convertible into Common Stock, or any preferred shares or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Common Stock on a Business Combination.
Additional Shares or Options. The Company hereby agrees that, until the consummation of a Business Combination, it shall not issue any Class A Ordinary Shares or any options or other securities convertible into Class A Ordinary Shares, or any preferred shares or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Class A Ordinary Shares on a Business Combination.
Additional Shares or Options. Except as described in the Registration Statement, the Company hereby agrees that until the Company consummates a Business Combination, it shall not issue any Common Stock or any options or other securities convertible into Common Stock or any shares of preferred stock which participate in any manner in the Trust Account or which vote on a Business Combination or any amendment to the Company’s Charter Documents that would affect the rights granted to Public Stockholders. EarlyBirdCapital, Inc._________, 2020Page 34 of 45
Additional Shares or Options. The Company hereby agrees that until the earlier of (1) six months after the Effective Date and (2) the time,the Company consummates a Business Combination, it shall not issue any shares of Common Stock or any options or other securities convertible into Common Stock, or any shares of Preferred Stock which participate in any manner in the Trust Fund or which vote as a class with the Common Stock on a Business Combination; except that the foregoing shall not restrict the Company's abilitly to issue shares in connection with the Business Combination or pursuant to a stock option or other similar compensation plan.
Additional Shares or Options. The Company hereby agrees that until the consummation of a Business Combination, it shall not issue any Ordinary Shares or any options or other securities convertible into Class A Ordinary Shares, or any preferred shares or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Ordinary Shares on a Business Combination, other than Class A Ordinary Shares issued upon conversion of the Insider Shares in accordance with the Charter Documents (provided that such shares shall not have any redemption rights or be entitled to liquidating distributions from the Trust Account).
Additional Shares or Options. The Company hereby agrees that, until the earlier of the consummation of its initial Business Combination or the distribution of the funds in the Trust Account, it shall not issue any shares of Common Stock or any options or other securities convertible or exchangeable into Common Stock or Preferred Stock, in each case, which would participate in any manner in the Trust Account or vote as a class with the Common Stock on the initial Business Combination. Except for registration statements covering securities to be issued upon, or in connection with, a Business Combination, if any, or which shall become effective upon or after the Business Combination, the Company shall not file any registration statements under the Act with respect to any of its securities prior to the Business Combination.
Additional Shares or Options. The Company hereby agrees that until the consummation of a Business Transaction, it shall not issue any Ordinary Shares (except with respect to any exercise of Warrants) or any options or other securities convertible into Ordinary Shares, or any shares of preferred stock or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Ordinary Shares on a Business Transaction.
Additional Shares or Options. The Company hereby agrees that, except as provided for in the Charter Documents, after the issue of the Public Shares and until the consummation of a Business Combination, it shall not issue any Ordinary Shares or any other securities of the Company that would entitle the holders thereof to receive funds in the Trust Account or vote as a class with the Public Shares on a Business Combination.
Additional Shares or Options. The Company hereby agrees that, until the Specified Event, it shall not issue any Ordinary Shares or any options or other securities convertible into Ordinary Shares, or any preferred shares or other securities of the Company that participate in any manner in the Trust Account or that vote as a class with the Ordinary Shares on a Business Combination.
Additional Shares or Options. The Company hereby agrees that, until the consummation of a Business Combination, it shall not issue any Ordinary Shares or any options or other securities convertible into Ordinary Shares, or any preferred shares or other securities of the Company that participate in any manner in the Trust Account or that vote as a class with the Ordinary Shares on a Business Combination. The Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the Representative, will not, for a period of 180 days after the date of this Agreement (the “Lock-Up Period”), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of the Company or any securities convertible into or exercisable or exchangeable for shares of the Company; (ii) file or caused to be filed any registration statement with the Commission relating to the offering of any shares of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; (iii) complete any offering of debt securities of the Company, other than entering into a line of credit or similar financing agreements; or (iv) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of shares of the Company, whether any such transaction described in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of shares of shares of the Company or such other securities, in cash or otherwise