Glass Houses Acquisition Corp. – EX-1.1 – – UNDERWRITING AGREEMENT BETWEEN THE COMPANY AND JEFFERIES LLC – March 26, 2021
Fintel, 26 March 2021
Introductory. Glass Houses Acquisition Corp., a Delaware corporation (the ?Company?), proposes, upon the terms and subject to the conditions set forth in this agreement (this ?Agreement?), to issue and sell to the several underwriters listed on Schedule A hereto (the ?Underwriters?) an aggregate of 20,000,000 units of the Company (the ?Units?). The 20,000,000 Units to be sold by the Company are called the ?Firm Securities.? In addition, the Company has granted to the Underwriters an option to purchase up to an additional 3,000,000 Units as provided in Section 2. The additional 3,000,000 Units to be sold by the Company pursuant to such option are collectively called the ?Optional Securities.? The Firm Securities and, if and to the extent such option is exercised, the Optional Securities are collectively called the ?Offered Securities.? Jefferies LLC (?Jefferies?) has agreed to act as the representative of the several Underwriters (in such capacity, the ?Representative?) in connection with the offering of the Offered Securities for sale to the public as contemplated in the Prospectus (as defined below) (the ?Offering?).
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Form S-1/A Glass Houses Acquisition Corp.
EDGAR AGENTS LLC, 08 March 2021
Glass Houses Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. While we will not be limited to a particular industry or geographic region in our identification and acquisition of a target company, we intend to focus our search for a target business that provides critical resources and/or services to the technologies powering the 21st century industrial economy.
This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus, and only whole warrants are exercisable. The warrants will become exercisable 30 days after the completion of our initial business combination, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. We have also granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments, if any
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