Failure to Consummate a Business Combination. Subject to the affirmative vote or consent of the holders of 95% of the Company’s outstanding Ordinary Shares to amend the Company’s amended and restated memorandum and articles of association, the Warrants shall be forfeited to the Company if the Company does not consummate a Business Combination within 18 months after consummation of the IPO, or within 24 months from the consummation of the IPO if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after consummation of the IPO and the Business Combination has not yet been consummated within such 18 month time period.
Appears in 4 contracts
Samples: Subscription Agreement (Asia Special Situation Acquisition Corp), Subscription Agreement (Asia Special Situation Acquisition Corp), Subscription Agreement (Asia Special Situation Acquisition Corp)
