Private Placement Proceeds Clause Samples
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Private Placement Proceeds. On the Closing Date, the Company shall cause to be deposited proceeds from the Unit Private Placement into the Trust Account, or such other amount such that the amount of the funds in the Trust Account shall be $10.00 per Public Share sold in the Offering. On the Option Closing Date, if any, the Company shall cause to be deposited an amount of additional proceeds from the additional Placement Units sold on the Option Closing Date into the Trust Account such that the amount of funds in the Trust Account shall be $10.00 per Public Share sold in the Offering.
Private Placement Proceeds. Immediately upon establishment of the Trust Account and prior to the Closing, the Company shall deposit all of the proceeds from the Private Placement in the Trust Account and shall provide the Representative with evidence of the same.
Private Placement Proceeds. On the Closing Date a portion of the proceeds from the Private Placements shall be deposited into the Trust Account in accordance with the Purchase Agreements.
Private Placement Proceeds. On or prior to the Closing Date and each Option Closing Date, if any, the Company shall have caused the applicable proceeds from the Unit Private Placement and certain of the proceeds from the sale of the Option Private Placement Units, if any, to be deposited into the Trust Account in accordance with the Purchase Agreements.
Private Placement Proceeds. On or prior to the Effective Date, certain of the proceeds from the Private Placement provided by Sponsor shall be deposited into the Trust Account in accordance with the Sponsor Purchase Agreement.
Private Placement Proceeds. On or prior to the Effective Date, the Sponsor shall have deposited the funds required to purchase the Placement Warrants into the Sponsor’s bank account. On or prior to the Closing Date and each Option Closing Date, if any, the Company shall have caused the applicable proceeds from the Warrant Private Placement to be deposited in the Trust Account pursuant to the terms of the Purchase Agreement.
Private Placement Proceeds. On or prior to the Closing, the Company shall deposit all of the proceeds from the Private Placement in the Trust Account and shall provide the Representatives with evidence of the same.
Private Placement Proceeds. Immediately upon establishment of the Trust Fund and prior to the Closing, the Company shall deposit $1,500,000 of the proceeds from the Private Placement in the Trust Fund and shall provide Maxim with evidence of the same.
Private Placement Proceeds. On the Closing Date, the Company shall cause to be deposited $7,300,000 (and up to an additional $800,000 if the Representative exercises its Over-allotment Option) of proceeds from the Warrant Private Placement into the Trust Account.
Private Placement Proceeds. On or prior to the Effective Date, the Company shall have deposited, or shall have caused to be deposited, the proceeds from the Warrant Private Placement to the Sponsor into the Trust Account and shall provide the Representative with evidence of the same.