Common use of Detachability of Rights Clause in Contracts

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the earlier to occur of: (i) the 52nd day following the date of the Prospectus or (ii) the announcement by I-Bankers Securities, Inc. (the “Representative”), as representative of the underwriters in the Public Offering, of its intention to allow separate earlier trading (the “Detachment Date”), except that in no event will the securities comprising the Units be separately tradeable until the Company files a Current Report on Form 8-K with the SEC which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised by the date thereof and the Company issues a press release and files a Current Report on Form 8-K with the SEC announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder of Units will become, without any action by such holder, the holder of that number of shares Common Stock and Rights comprising the Units held by such holder.

Detachability of Rights. The Each of the securities comprising the Units, including Units shall begin separate trading on the Rights, will not be separately transferable until the earlier to occur of: fifty-second (i52nd) the 52nd day following the date of the Prospectus (or, if such date is not a business day, the following business day, or (iiearlier, with the consent of SPAC Advisory Partners, LLC) the announcement by I-Bankers Securities, Inc. (the “Representative”), as representative of the underwriters in the Public Offering, of its intention to allow separate earlier trading (the “Detachment Date”), except that but in no event will the securities comprising the Units be separately tradeable traded until (i) the Company files has filed a Current Report on Form 8-K with the SEC which includes containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Public Offering (the “Over-Allotment Option”), if the Over-Allotment Option is exercised prior to the filing of such Form 8-K, and a second or amended Current Report on Form 8-K to provide updated financial information to reflect the exercise of the overunderwriters’ Over-allotment Allotment option, if the overOver-allotment Allotment option is exercised by following the date thereof initial filing of such Current Report on Form 8-K, and (ii) the Company issues a press release and files with the Commission a Current Report on Form 8-K with the SEC announcing when such separate trading shall begin. Upon the Detachment Date, the Units will no longer trade, and each holder holders of Units will become, without any action by such holder, have the holder of that number of shares Common Stock and Rights comprising option to continue to hold Units or separate their Units into the Units held by such holdercomponent pieces.