Merger or Reorganization, etc. If there shall occur any reorganization, recapitalization, reclassification, consolidation or merger involving SUAC in which its Common Stock are converted into or exchanged for securities, cash or other property, then, following any such reorganization, recapitalization, reclassification, consolidation or merger, in lieu of Common Stock of SUAC, the Sponsor shall transfer, with respect to each Founder Share to be transferred hereunder, upon the Sponsor’s receipt thereof, the kind and amount of securities, cash or other property into which such Assigned Securities converted or exchanged.
Appears in 5 contracts
Samples: Non Redemption Agreement and Assignment of Economic Interest (ShoulderUP Technology Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (ShoulderUP Technology Acquisition Corp.), Non Redemption Agreement and Assignment of Economic Interest (ShoulderUP Technology Acquisition Corp.)
