Terms of the Placement Units Sample Clauses

The 'Terms of the Placement Units' clause defines the specific rights, obligations, and characteristics associated with the units being offered in a placement transaction. It typically outlines what each unit consists of—such as shares, warrants, or other securities—the price per unit, and any conditions or restrictions attached to them. This clause ensures that all parties have a clear understanding of what is being purchased or sold, thereby reducing ambiguity and potential disputes regarding the nature of the securities involved in the placement.
Terms of the Placement Units. The Placement Units shall be substantially identical to the Units offered in the IPO except that the Placement Units (including the Placement Shares and Placement Warrants comprising such units and the Warrant Shares) (i) will be subject to the transfer restrictions described in Section 7 hereof; (ii) will be entitled to registration rights and (iii) with respect to the Placement Warrants, may not be exercisable more than five years from the commencement of sales in the IPO in accordance with FINRA Rule 5110(g)(8).
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Terms of the Placement Units. The Placement Units are substantially identical to the Units to be offered in the IPO except that: (i) they are subject to the transfer restrictions described in Section 7 hereof; and (ii) they will be entitled to registration rights.
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Terms of the Placement Units. The Placement Units shall be substantially identical to the Units offered in the Public Offering except that the Placement Units (including the Placement Shares and Placement Warrants comprising such units and the Warrant Shares) (i) will be subject to the transfer restrictions described in Section 7 hereof; and (ii) will be entitled to registration rights.
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Terms of the Placement Units. (i) Each Placement Unit shall consist of one share of Common Stock and one Placement Warrant. (ii) Each Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “ Warrant Agreement ”). (iii) At the time of the closing of the Public Offering, the Company and the Founders shall enter into a registration rights agreement (the “ Registration Rights Agreement ”) pursuant to which the Company will grant certain registration rights to the Founders relating to the Securities.
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Related to Terms of the Placement Units

  • Terms of the Private Placement Warrants (i) The Private Placement Warrants shall have their terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”). (ii) At or prior to the time of the Initial Closing Date, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the Private Placement Warrants and the Shares underlying the Private Placement Warrants.

  • Authorization Purchase and Sale Terms of the Private Placement Units A. Authorization of the Private Placement Units. The Company has duly authorized the issuance and sale of the Private Placement Units, including the Shares and Private Placement Warrants underlying the Private Placement Units, to the Purchaser.

  • Terms of Placement Warrants Each Placement Warrant shall have the terms set forth in the Warrant Agreement.

  • Authorization of the Private Placement Units The Company has duly authorized the issuance and sale of the Private Placement Units to the Purchaser.