Common use of Distributable Redeemable Warrants Clause in Contracts

Distributable Redeemable Warrants. At the Distribution Time, 5,000,000 (or 5,750,000 if the Over-allotment Option is exercised in full) warrants (the “Aggregate Warrant Amount”) will be distributed by the Company as follows: (i) to the extent that no holders of Offering Shares (such holders, the “Public Stockholders”) redeem their Offering Shares in connection with the Business Combination, each Public Stockholder will receive one-sixth of one Distributable Redeemable Warrant per Offering Share and (ii) to the extent that any Public Stockholders redeem any of their Offering Shares in connection with the Business Combination, then (A) one-sixth of one Distributable Redeemable Warrant will be distributed per each non-redeemed Offering Share (the “Remaining Offering Shares”) and (B) the warrants in an amount equal to the Aggregate Warrant Amount less the number of warrants distributed pursuant to the foregoing clause (A) will be distributed on a pro rata basis (x) to the holders of the Remaining Offering Shares based on their percentage of Class A common stock held after redemptions and the issuance of any Forward Purchase Shares, as Distributable Redeemable Warrants, and (y) to the holders of the Forward Purchase Shares based on their percentage of Class A common stock held after redemptions and the issuance of any Forward Purchase Shares, as Forward Purchase Private Placement Warrants. The right to receive the Distributable Redeemable Warrants will not trade separately from the Units (prior to the Detachment Date) or from the Offering Shares (on and after the Detachment Date), and will not be 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. At the Distribution Time, 5,000,000 (or 5,750,000 if the Over-allotment Option is exercised in full) warrants (the “Aggregate Warrant Amount”) 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 Offering Ordinary Shares (such holders, the “Public StockholdersShareholders”) redeem their Offering Ordinary Shares in connection with the Business Combination, Combination each Public Stockholder Shareholder will receive onetwo-sixth ninths of one a Distributable Redeemable Warrant per Offering Share Warrant, and (ii) to the extent that any Public Stockholders Shareholders redeem any of their Offering Ordinary Shares in connection with the Business Combination, then (A) onetwo-sixth ninths of one a Distributable Redeemable Warrant will be distributed per issued for each non-Ordinary Share that was not redeemed Offering Share (the “Remaining Offering Sharesremaining public shares”) ), and (B) the warrants in an aggregate amount equal to the Aggregate Warrant Amount of 1,777,778 Distributable Redeemable Warrants less the number of warrants distributed issued pursuant to the foregoing clause (A) will be distributed issued on a pro rata basis (x) to the holders of the Remaining Offering Shares remaining public shares based on their percentage of Class A common stock Ordinary Shares held after redemptions and redemptions. To the issuance 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 Forward Purchase Shares, as Distributable Redeemable Warrants, and (y) to the holders of the Forward Purchase Shares based on their percentage of Class A common stock held after redemptions and the issuance of any Forward Purchase Shares, as Forward Purchase Private Placement WarrantsWarrant per Ordinary Share redeemed. The right to receive the Distributable Redeemable Warrants will is not trade separately separable from the Units (prior to the Detachment Date) or from the Offering Ordinary Shares (on and after the Detachment Date), and will is not be separately transferrable, assignable or salable. The Distributable Redeemable Warrants will be issued in the same form as the Detachable 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 Detachable 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 Detachable 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. At the Distribution Time, 5,000,000 (or 5,750,000 if the Over-allotment Option is exercised in full) warrants (the “Aggregate Warrant Amount”) an aggregate of up to [●] Distributable Redeemable Warrants will be distributed by the Company as follows: (i) to the extent that no public holders of Offering Shares shares of Class A common stock (such holders, the “Public Stockholders”) redeem their Offering Shares shares of Class A common stock in connection with the Business Combination, Combination each Public Stockholder will receive onetwo-sixth ninths of one a Distributable Redeemable Warrant per Offering Share Warrant, and (ii) to the extent that any Public Stockholders redeem any of their Offering Shares shares of Class A common stock in connection with the Business Combination, then (A) onetwo-sixth ninths of one a Distributable Redeemable Warrant will be distributed per issued for each non-share of Class A common stock that was not redeemed Offering Share (the “Remaining Offering Sharesremaining public shares”) ), and (B) the warrants in an aggregate amount equal to the Aggregate Warrant Amount of [●] Distributable Redeemable Warrants less the number of warrants distributed issued pursuant to the foregoing clause (A) will be distributed issued on a pro rata basis (x) to the holders of the Remaining Offering Shares remaining public shares based on their percentage of shares of Class A common stock held after redemptions and redemptions. To the issuance extent that a Public Stockholder redeems any of any Forward Purchase Shares, as Distributable Redeemable Warrants, and (y) to the holders of the Forward Purchase Shares based on their percentage shares of Class A common stock held after redemptions and in connection with the issuance Business Combination, that Public Stockholder will receive no portion of any Forward Purchase Shares, as Forward Purchase Private Placement WarrantsDistributable Redeemable Warrant per share of Class A common stock redeemed. The right to receive the Distributable Redeemable Warrants will is not trade separately separable from the Units (prior to the Detachment Date) or from the Offering Shares (on shares of Class A common stock and after the Detachment Date), and will is not be separately transferrable, assignable or salable. The Distributable Redeemable Warrants will be issued in the same form as the Detachable Outstanding Redeemable Warrants, in book-entry form or as otherwise provided in Section 2.3.1 2 hereof. Upon the issuance and distribution of the Distributable Redeemable Warrants, the Distributable Redeemable Warrants will be fully fungible with the Detachable 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 Detachable Outstanding Redeemable Warrants.

Distributable Redeemable Warrants. At the Distribution Time, 5,000,000 6,000,000 (or 5,750,000 6,900,000 if the Over-allotment Option is exercised in full) warrants (the “Aggregate Warrant Amount”) will be distributed by the Company as follows: (i) to the extent that no holders of Offering Shares (such holders, the “Public Stockholders”) redeem their Offering Shares in connection with the Business Combination, each Public Stockholder will receive one-sixth of one Distributable Redeemable Warrant per Offering Share and (ii) to the extent that any Public Stockholders redeem any of their Offering Shares in connection with the Business Combination, then (A) one-sixth of one Distributable Redeemable Warrant will be distributed per each non-redeemed Offering Share (the “Remaining Offering Shares”) and (B) the warrants in an amount equal to the Aggregate Warrant Amount less the number of warrants distributed pursuant to the foregoing clause (A) will be distributed on a pro rata basis (x) to the holders of the Remaining Offering Shares based on their percentage of Class A common stock held after redemptions and the issuance of any Forward Purchase Shares, as Distributable Redeemable Warrants, and (y) to the holders of the Forward Purchase Shares based on their percentage of Class A common stock held after redemptions and the issuance of any Forward Purchase Shares, as Forward Purchase Private Placement Warrants. The right to receive the Distributable Redeemable Warrants will not trade separately from the Units (prior to the Detachment Date) or from the Offering Shares (on and after the Detachment Date), and will not be 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.