Common use of Net Tangible Assets Clause in Contracts

Net Tangible Assets. Either immediately prior to or upon the Closing, after giving effect to the Redemption and any receipt of proceeds from any PIPE Investment, SPAC shall have net tangible assets of at least $5,000,001 (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act).

Appears in 2 contracts

Samples: Business Combination Agreement (Financial Strategies Acquisition Corp.), Business Combination Agreement (Global SPAC Partners Co,)

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Net Tangible Assets. Either immediately prior to or upon the Closing, after After giving effect to the Redemption and any receipt of proceeds from any PIPE InvestmentInvestment that has been funded prior to or at the Closing, SPAC shall have net tangible assets of at least $5,000,001 (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act)) remaining immediately after the Closing.

Appears in 1 contract

Samples: Business Combination Agreement (AIB Acquisition Corp)

Net Tangible Assets. Either immediately prior to or upon the Closing, after giving effect to the Redemption and any receipt of proceeds from any PIPE InvestmentTransaction Financing, SPAC shall have net tangible assets of at least $5,000,001 (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act).

Appears in 1 contract

Samples: Business Combination Agreement (Keyarch Acquisition Corp)

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Net Tangible Assets. Either immediately prior to or upon the Closing, after giving effect to the Redemption and any receipt of proceeds from any PIPE InvestmentRedemption, SPAC shall have net tangible assets of at least $5,000,001 (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act).

Appears in 1 contract

Samples: Business Combination Agreement (Gesher I Acquisition Corp.)

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