Founder's Units

Founder's Units. Means the 11,500,000 units of the Company initially issued to SP Acq LLC pursuant to the Founder's Units Subscription Agreement, dated as of March 22, 2007, between the Company and SP Acq LLC, of which a total of 1,363,636 Founder's Units were subsequently sold to certain other Investors.

Founder's Units. Means the 4,312,500 units of the Company (or such lesser number that the Investors may hold after any forfeiture of a portion of such Units if the Underwriters' over-allotment option is not exercised fully, as described in the Company's Registration Statement), each consisting of one share of Founder's Shares and one Founder's Warrant, purchased by the Initial Holders pursuant to those certain Initial Unit Subscription Agreements dated as of January 11, 2008, by and among the Company and the... Initial Holders. View More

Founder's Units. Means the 7,187,500 units of the Company, each consisting of one share of Founders' Common Stock and one Founders' Warrant, held by the Initial Stockholders prior to the IPO.

Founder's Units. The units held by the Investors prior to the consummation of the Company's initial public offering, with each unit consisting of one share of Common Stock and one warrant to purchase one share of Common Stock.

Founder's Units. The 9,775,000 units of the Company (or such lesser number that the Investors may hold if the Underwriter's over-allotment option is not exercised fully, as described in the Company's Registration Statement with respect to its IPO), each consisting of one share of Founder's Shares and one Founder's Warrant, held by the Initial Stockholders prior to the IPO.