Initial Business Combination. In the event that the Company seeks to consummate an initial Business Combination with any entity that is affiliated with the Sponsor or the Company’s officers or directors, it, or a committee of independent and disinterested members of its board of directors, will obtain an opinion from an independent investment banking firm that is a member of FINRA or an independent accounting firm that such initial Business Combination is fair to the Company from a financial point of view. The Company shall not pay the Sponsor or any of the Company’s officers, directors or any of their respective affiliates any fees or compensation of any kind for services rendered to the Company prior to, or in connection with, the consummation of an initial Business Combination except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, none of which payments will be made from the proceeds held in the Trust Account prior to completion of the initial Business Combination.
Appears in 12 contracts
Samples: Underwriting Agreement (Shelter Acquisition Corp I), Underwriting Agreement (Shelter Acquisition Corp I), Underwriting Agreement (Shelter Acquisition Corp I)
