Placement Shares. Simultaneously with the Closing, TradeUP Global Sponsor LLC, the sponsor of the Company (the “Sponsor”) shall purchase from the Company pursuant to the Private Placement Share Purchase Agreement (as defined in Section 2.23.2 hereof) an aggregate of 215,000 Class A ordinary shares (the “Placement Shares”) at a purchase price of $10.00 per Placement Share in a private placement (the “Private Placement”). There will be no placement agent in the Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Placement Shares.
Appears in 2 contracts
Sources: Underwriting Agreement (TradeUP Global Corp), Underwriting Agreement (TradeUP Global Corp)
Placement Shares. Simultaneously with the Closing, TradeUP Global 88 Sponsor LLC, the sponsor of the Company (the “Sponsor”) shall purchase from the Company pursuant to the Private Placement Share Purchase Agreement (as defined in Section 2.23.2 hereof) an aggregate of 215,000 320,000 Class A ordinary shares (the “Placement Shares”) at a purchase price of $10.00 per Placement Share in a private placement (the “Private Placement”). There will be no placement agent in the Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Placement Shares.
Appears in 1 contract