Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 3. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (as such term is defined in the Company’s Registration Statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”)) by the date which is twenty-four (24) months from the effective date of the Registration Statement.
Appears in 6 contracts
Samples: Stock Subscription Agreement (Secure America Acquisition CORP), Stock Subscription Agreement (Secure America Acquisition CORP), Stock Subscription Agreement (Secure America Acquisition CORP)
Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 3. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (Combination, as such term is defined in the Company’s Registration Statement registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”), with respect the Company’s initial public offering (the “IPO”) by the date which is twenty-four (24) of its securities, within 24 months from the effective date consummation of the Registration StatementIPO.
Appears in 4 contracts
Samples: Securities Subscription Agreement (Corporate Acquirers, Inc.), Securities Subscription Agreement (Corporate Acquirers, Inc.), Securities Subscription Agreement (Corporate Acquirers, Inc.)
Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 3. The All of the Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (Combination, as such term is defined in the Company’s Registration Statement registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”), with respect the Company’s initial public offering (the “IPO”) by the date which is twenty-four (24) of its securities, after 24 months from the effective date consummation of the Registration StatementIPO.
Appears in 2 contracts
Samples: Securities Subscription Agreement (Lank Acquisition Corp), Securities Subscription Agreement (Lank Acquisition Corp)
Failure to Consummate Business Combination. All of the Shares initially shall be subject to forfeiture to the Company in accordance with this Section 34. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination (Combination, as such term is defined in the Company’s Registration Statement registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Registration Statement”), with respect the Company’s initial public offering (the “IPO”) by the date which is twenty-four (24) of its securities, within 24 months from the effective date consummation of the Registration StatementIPO.
Appears in 1 contract
Samples: Securities Subscription Agreement (Wattles Acquisition Corp)
