Distributable Redeemable Warrants Clause Samples
Distributable Redeemable Warrants. At the Distribution Time, an aggregate of 1,777,778 Distributable Redeemable Warrants will be distributed by the Company as follows: (i) to the extent that no public holders of Ordinary Shares (such holders, “Public Shareholders”) redeem their Ordinary Shares in connection with the Business Combination each Public Shareholder will receive two-ninths of a Distributable Redeemable Warrant, and (ii) to the extent that any Public Shareholders redeem any of their Ordinary Shares in connection with the Business Combination, then (A) two-ninths of a Distributable Redeemable Warrant will be issued for each Ordinary Share that was not redeemed (the “remaining public shares”), and (B) the aggregate amount of 1,777,778 Distributable Redeemable Warrants less the number of warrants issued pursuant to the foregoing clause (A) will be issued on a pro rata basis to the holders of the remaining public shares based on their percentage of Ordinary Shares held after redemptions. To the extent that a Public Shareholder redeems any of their Ordinary Shares in connection with the Business Combination, that Public Shareholder will receive no portion of any Distributable Redeemable Warrant per Ordinary Share redeemed. The right to receive the Distributable Redeemable Warrants is not separable from the Ordinary Shares and is not separately transferrable, assignable or salable. The Distributable Redeemable Warrants will be issued in the same form as the Outstanding Redeemable Warrants, in book-entry form or as otherwise provided in Section 2.3.1 hereof. Upon the issuance and distribution of the Distributable Redeemable Warrants, the Distributable Redeemable Warrants will be fully fungible with the Outstanding Redeemable Warrants, and will begin trading on the first trading day following the Distribution Time under the same stock symbol and CUSIP as the Outstanding Redeemable Warrants. No Distributable Redeemable Warrants will be distributed in respect of outstanding Ordinary Shares issued pursuant to the Forward Purchase Agreement or any other Ordinary Shares that were not issued in the Offering.
Distributable Redeemable Warrants. Prior to the Distribution Time, the right to receive the Distributable Redeemable Warrants may be transferred or exchanged only together with the (i) Unit, if prior to the Detachment Date or (ii) if on or after the Detachment Date, the Ordinary Shares to which such right to receive Distributable Redeemable Warrants is attached, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit or Ordinary Share, as applicable. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Distributable Redeemable Warrants on and after the Distribution Time.
Distributable Redeemable Warrants. Prior to the Distribution Time, the right to receive the Distributable Redeemable Warrants may be transferred or exchanged only together with the (i) Unit, if prior to the Detachment Date or (ii) if on or after the Detachment Date, the share of Class A common stock to which such right to receive Distributable Redeemable Warrants is attached, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit or share of Class A common stock, as applicable. Notwithstanding the foregoing, the provisions of this Section 5.5 shall have no effect on any transfer of Distributable Redeemable Warrants on and after the Distribution Time.
Distributable Redeemable Warrants. At the Distribution Time, up to 4,166,667 (or up to 4,791,667 if the Over-allotment Option is exercised in full) Distributable Redeemable Warrants will be distributed by the Company as follows:
(i) to the extent that a public holder of Ordinary Shares (such holder, a “Public Shareholder”) does not redeem their Ordinary Shares prior to or in connection with the Business Combination, that Public Shareholder will receive one-sixth of one Distributable Redeemable Warrant per Ordinary Share not redeemed and (ii) to the extent that a Public Shareholder redeems any of their Ordinary Shares in connection with the Business Combination, that Public Shareholder will receive no portion of any Distributable Redeemable Warrant per Ordinary Share redeemed. The right to receive the Distributable Redeemable Warrants is not separable from the Ordinary Shares and is not separately transferrable, assignable or salable. The Distributable Redeemable Warrants will be issued in the same form as the Detachable Redeemable Warrants, in book-entry form or as otherwise provided in Section 2.3.1 hereof. Upon the issuance and distribution of the Distributable Redeemable Warrants, the Distributable Redeemable Warrants will be fully fungible with the Detachable Redeemable Warrants, and will begin trading on the first trading day following the Distribution Time under the same stock symbol and CUSIP as the Detachable Redeemable Warrants.
Distributable Redeemable Warrants. Prior to the Detachment Date, the Distributable Redeemable Warrants may be transferred or exchanged only together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Distributable Redeemable Warrants on and after the Detachment Date.