Common use of Net Tangible Assets Test Clause in Contracts

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and any PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 15 contracts

Samples: Merger Agreement (Global Blockchain Acquisition Corp.), Merger Agreement (Deep Medicine Acquisition Corp.), Merger Agreement (Colombier Acquisition Corp.)

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Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and any PIPE InvestmentRedemption, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 9 contracts

Samples: Merger Agreement (PowerUp Acquisition Corp.), Merger Agreement (Semper Paratus Acquisition Corp), Agreement and Plan of Merger (Pono Capital Two, Inc.)

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and any PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 4 contracts

Samples: Business Combination Agreement (Edoc Acquisition Corp.), Share Purchase Agreement (Energem Corp), Business Combination Agreement (Tiberius Acquisition Corp)

Net Tangible Assets Test. Upon the Closing, and after giving effect to the completion of the Redemption and any the PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001, excluding any assets or liabilities of the Target Companies.

Appears in 3 contracts

Samples: Merger Agreement (Borqs Technologies, Inc.), Merger Agreement (Pacific Special Acquisition Corp.), Share Exchange Agreement (DT Asia Investments LTD)

Net Tangible Assets Test. Upon Immediately prior to or upon the Closing, after giving effect to the Redemption and any PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 2 contracts

Samples: Business Combination Agreement (American Resources Corp), Business Combination Agreement (AI Transportation Acquisition Corp)

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption Redemptions and any funded PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Merger Agreement (OceanTech Acquisitions I Corp.)

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and any the PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Unit Purchase Agreement (Northern Lights Acquisition Corp.)

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and any the PIPE InvestmentOffering, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Merger Agreement (Industrial Tech Acquisitions II, Inc.)

Net Tangible Assets Test. Upon the Closing, Closing and after giving effect to the Redemption Redemptions and any the PIPE InvestmentTransaction, the Purchaser Company shall have net tangible assets of at least $5,000,001.;

Appears in 1 contract

Samples: Merger Agreement (Atlantic Alliance Partnership Corp.)

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and any PIPE InvestmentInvestment or Company Equity Financing, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Merger Agreement (Tenzing Acquisition Corp.)

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Net Tangible Assets Test. Upon the Closing, and after giving effect to the completion of the Redemption and any the PIPE Investment, the Purchaser Parent shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Merger Agreement (Forum Merger Corp)

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and any the PIPE Investment, the Purchaser shall have net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) of at least $5,000,001.

Appears in 1 contract

Samples: Business Combination Agreement (Inflection Point Acquisition Corp.)

Net Tangible Assets Test. Upon the Closing, after giving effect to the Redemption and completion of the Redemption, any PIPE InvestmentInvestment and all Expenses, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Benessere Capital Acquisition Corp.)

Net Tangible Assets Test. Upon the Closing, Closing and after giving effect to the completion of the Closing Redemption and any PIPE Investment, if any, the Purchaser (together with the Target Companies on a combined basis ) shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Share Exchange Agreement (TKK SYMPHONY ACQUISITION Corp)

Net Tangible Assets Test. Upon the Closing, after After giving effect to the Redemption and any PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Merger Agreement (First Light Acquisition Group, Inc.)

Net Tangible Assets Test. Upon the ClosingEnd Date, after giving effect to the Redemption and any PIPE Investment, the Purchaser shall have net tangible assets of at least $5,000,001.

Appears in 1 contract

Samples: Bid Implementation and Business Combination Agreement (Canna-Global Acquisition Corp)

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